PadMapper has just released their December 2018Canadian Rent Report, meaning we now know what it costs (on average) to rent a one bedroom apartment in Canada's major cities. The report gives a median price for 1 bedroom apartments in each city.
So we decided to see what a median-priced apartment looks like in a couple of the Canadian cities listed. Check out our examples below for Toronto, Vancouver, Montreal, Ottawa, and Halifax.
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TL;DR Using median rent prices in 5 Canadian cities, we compiled this list of apartments currently for rent. The apartments demonstrate the difference in apartment-quality and price across the country.
To no ones surprise, Toronto and Vancouver rank the highest (AKA the most expensive), with Montreal coming in fourth. In fact, Montreal is the only city on the top 10 list that isn't in British Columbia or Ontario.
For this little experiment we decided to adhere hard-and-fast to the median price of five cities to see what it could get is.
Here are some examples of a "median-priced" one bedroom apartment across Canada...
Montreal | Budget: $1450
Right in the heart of downtown Montreal, this spacious 1 bedroom (or 3 1/2 as we call it here) has hardwood floors, air-conditioning, and a roof-top pool. Yes you read that right. The Closest métro station is Champ-de-Mars.
Montreal was considered the 4th most expensive market in Canada this year, with a 1.4% increase in the price for one bedroom apartments. The price for a two bedroom fell 2.2%, though.
Check it out here.
Toronto | Budget: $2260
This looks like a studio to me, no? This apartment is on Yorkville Ave in the heart of Yorkville. The closest subway station is Bay.
Toronto was, of course, Canada's most expensive market this year. The cost of a one bedroom increased by 1.8%. But the cost for a two-bedroom?! It's up 16% from last year. Oof.
Check it out here.
Vancouver | Budget: $2100
This apartment is on Smithe Street in Yaletown, the heart of Vancouver's Entertainment District. It says it's a one bedroom + den but... I'm not sure if that little solarium is supposed to be the den? Definitely a cute little space for yoga though!
Vancouver is currently Canada's fifth most expensive market with one bedroom rent prices going up 5.3%.
Check the pad outhere.
Halifax | Budget: $1100
This beautiful new-build is in Halifax's North End, the city's most up-and-coming neighbourhood. The light in this place is unreal and um... hello rooftop chill zone!
Halifax's market hasn't changed much since last year. The cost for a two bedroom increased ever-so-slightly, but on the whole, Halifax has maintained its place as Canada's 13th most expensive market.
Check out this spothere.
Ottawa | Budget: $1250
This flat is in a beautiful old brick home right in Ottawa's downtown, just a short walk to the Parliament buildings. Details include orignal stained glass, hand-carved mouldings, and a huge bathtub.
Ottawa's market increased ever-so-slightly, as well, but only enough to push it into 7th place to tie with Kelowna on the list of Canada's most expensive markets.
Check out more picshere.