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Here’s the average cost of rent in major Canadian cities for February 2020

British Columbia and Ontario continue to be the most expensive provinces to rent a room, or rooms, in Canada.

A new rent report from PadMapper shows that Montreal is the only city in the country outside of those two provinces to crack the top 10.

Toronto takes the top spot for expensive one bedroom units with an average cost of $2,300, but Vancouver is the more expensive market for two bedroom units with an average cost of $2,990.

Overall, ten cities saw a rise in rental costs, five saw a downward trend and nine remained flat, according to the latest report.

While the top three most expensive Canadian rent cities remained the same compared to last month, Victoria bumped off Montreal for fourth and Barrie slid down to sixth.

“There were still at least 10 cities experiencing double-digit year over year rental growth rates,” notes PadMapper. “Though that number has come down considerably from the summer months.”

The cheapest rent in Canada this month can be found in St. John’s, Newfoundland, where one-bedroom rent costs $820 and a two bedroom goes for an average of $850.



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