The top 10 most expensive cities to rent a one-bedroom place, according to Padmapper’s report. Screenshot taken from Padmapper report.

The top 10 most expensive cities to rent a one-bedroom place, according to Padmapper’s report. Screenshot taken from Padmapper report.

Abbotsford’s average rent increases 15% for one-bedrooms since 2019, says Padmapper report

Abbotsford ranked as 16th most expensive rental market in Canada for 1 and 2 bedroom rentals

Abbotsford’s residents are paying an average of 15 per cent more for one and two bedroom rentals in 2020 than they were in 2019, according to a independent national rent report released today (May 14).

PadMapper says their Canadian Rent Report analyzed hundreds of thousands of active listings in the 24 most populous metro areas across the country.

“Listings are then aggregated on a monthly basis to calculate median asking rents… providing a comprehensive view of the current state of the market,” reads the report.

Abbotsford ranks as the 16th most expensive rental market in the country, according the report, with the average one-bedroom place costing $1,100 per month (and increase of 15.8 per cent), and the average two-bedroom place costing $1,270 (an increase of 15.5 per cent).

One and two bedroom rent increase from April, 2019. Screenshot from Padmapper report.

Toronto and Vancouver, the country’s two most expensive rental markets, have seen a downward market trajectory since COVID-19 hit, according to Padmapper. The report says the price drop for rentals is the first such drop since Padmapper started been analyzing rents.

“Toronto rents were down on all fronts. One-bedroom rent in this city dropped 2.2% month-over-month and year-over-year, while two-bedroom rent fell 4.1% last month and 0.7% since this time last year. Vancouver prices felt a similar downward trend as well,” reads the report.

Q&A: What B.C. renters and landlords need to know during the pandemic

abbotsfordrental market

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Abbotsford residents gather at the intersection of Clearbrook Road and South Fraser Way on Tuesday to raise awareness of what they say is the mistreatment of farmers by the Indian government. Organizers say demonstrations will be ongoing daily in Abbotsford. (Maan Sidhu photo)
Abbotsford residents continue demonstrations against treatment of Indian farmers

Locals gathered at intersection of Clearbrook Road and South Fraser Way, larger event set for Sunday

The westbound lanes of Highway 1 between Clearbrook and McCallum roads were closed to traffic Wednesday morning after a fatal collision involving a pedestrian.
Pedestrian dies after being struck by vehicle on Highway 1 in Abbotsford

Collision takes place early Wednesday morning between Clearbrook and McCallum roads

DriveBC photo.
Westbound Highway 1 lanes in Abbotsford closed as crews investigate serious crash

Crash occurred between McCallum and Clearbrook roads at around 4 a.m., next update at 8 a.m.

A heavy police presence was on scene on Dec. 28, 2017 following the shooting death on Bates Road in Abbotsford of Alexander Blanarou, 24, of Surrey. (Abbotsford News file photo)
Three men charged with Abbotsford shooting death of Surrey man

Alexander Blanarou, 24, was killed in a rural area on Dec. 28, 2017

A tongue-in-cheek message about wearing a face mask to curb the spread of COVID-19 on a sign outside a church near Royal Columbia Hospital, in New Westminster, B.C., on Sunday, Nov. 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C.’s COVID-19 infection count climbs back up to 656

20 more people in hospital, active cases still rising

(Needpix.com)
Fraudsters projected to use pet scams to gouge over $3M from customers: BBB

The pandemic heavily contributed to the number of puppy scams

A teacher places the finishing touches on the welcome sign at Hunter’s Glen Junior Public School which is part of the Toronto District School Board (TDSB) during the COVID-19 pandemic in Scarborough, Ont., on Sept. 14, 2020. THE CANADIAN PRESS/Nathan Denette
Hindsight 2020: How do you preserve a year many Canadians would rather forget?

Figuring out how to preserve the story of the pandemic poses a series of challenges

Haley Callison. (Facebook photo)
Former B.C. pro hockey player frustrated with COVID-deniers after horrific bout with virus

Haleigh Callison hopes people will follow precautions and tone down the rhetoric

FILE – A near empty waterfront train platform is pictured in downtown Vancouver, Monday, April 20, 2020. THE CANADIAN PRESS/Jonathan Hayward
TransLink disables some services for second day due to ‘suspicious network activity’

Customers cannot use credit card or debit card at fare gates or Compass card vending machines

A man stands in the window of an upper floor condo in Vancouver on March 24, 2020. THE CANADIAN PRESS/Darryl Dyck
Change made to insurance for B.C. condo owners amid rising premiums

Council CEO Janet Sinclair says the change will mean less price volatility

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The Walking Curriculum gets students outside and connecting with nature. (Amanda Peterson/Special to S.F. Examiner)
‘Walking Curriculum’ crafted by SFU professor surges in popularity

The outdoor curriculum encourages students to connect with the natural world

Mirandy Tracy, left, and Tara Kurtz are two Langley mothers who are organizing a "sick out" for Tuesday, Dec. 1 to protest COVID conditions in schools. They're calling for masks and smaller class sizes, among other things. (Matthew Claxton/Langley Advance Times)
Politician, labour leader throw support behind student Sick Out day

Langley parents started the movement to keep kids home on Dec. 1 as a protest

Most Read