Vancouver remains Canada’s second priciest rental city: stats

Burnaby, Victoria, Kelowna and Abbotsford all made the list of 26 cities

It will come as little surprise to locals but Vancouver has hung on to its spot as the second most expensive city for apartment rentals.

In statistics released Wednesday, rental site PadMapper said the median monthly rent of a one-bedroom apartment in Vancouver was $1,990 in January, not far behind Toronto’s $2,060.

It’s not all bad news: Vancouver saw a 0.5-per-cent drop since last month in one-bedroom prices, while the median rent of a two-bedroom unit remained stagnant at $3,200.

The price of a one-bedroom in the city rose 4.7 per cent since the same time last year.

Burnaby rounded out the top three with the median one-bedroom costing renters $1,440 each month, up 0.7 per cent since December and up 15 per cent since January 2017.

The next B.C. city on the list was Victoria in sixth place, with an one-bedroom apartment costing $1,230 to rent each month – down 7.5 per cent since this time last year.

Kelowna’s median rent for the same unit went up 13.7 per cent, to $1,160, while Abbotsford’s rent came in a $850, up 6.3 per cent since last year.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

‘I’m elated’: Braun wins; incumbents returned en masse; Banman back

Henry Braun becomes first incumbent mayor of Abbotsford to win re-election since 1999

VOTING DAY: Abbotsford votes no-change school board, deals blow to anti-SOGI

All incumbents running and one former trustee voted in, few anti-SOGI candidates on board

SLIDESHOW: Election night in Abbotsford

Candidates gather at Matsqui Centennial Auditorium to watch the results

LIVE: Abbotsford municipal election reaction

Check back for the latest reaction as results come in from this evening’s municipal election

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Fraser Valley man dead after head on crash in Okanagan

Accident occurred at about 7:35 a.m.

Newly-elected Lower Mainland mayor won’t drink his city’s tap water

White Rock’s Darryl Walker is concerned about its quality

Kennedy Stewart challenged with building bridges as mayor of Vancouver: expert

The former NDP MP, who ran as an Independent, will lead 10 councillors divided across four parties

B.C. Youtuber to seal himself ‘in a jar’ to demonstrate impacts of climate change

Kurtis Baute wants to see how long he can last in a 1,000 cubic foot, air-tight greenhouse

One of Taiwan’s fastest trains derails, killing at least 18

The train was carrying more than 360 people

Scheer marks one-year countdown to federal election with campaign-style speech

Conservative Leader insists that it will be Justin Trudeau who ‘makes it personal’

Canada Post union announces rotating strikes in four Canadian cities

Mail will still be delivered but it will be delayed

Vancouver drag queens receive royal treatment during Kootenay Pride

Vancouver drag queens discuss the importance of Pride and growing acceptance of LGBTQ community

Most Read