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

Controversial bylaw tabled, new kiosk for Kent

The lastest from the District of Kent council

Chilliwack-Kent MLA decries ‘classic, big tax-and-spend’ NDP budget

Laurie Throness says budget relies on strong economy but contains no ideas to help it grow

Driver of vehicle down 90-foot embankment rescued on Highway 5 near Hope

Rope rescue conducted on mutual-aid call with Chilliwack SAR, Hope SAR and Agassiz fire department

Missing man located in Harrison Mills

Social media helps track down missing man

B.C. BUDGET: Fare freeze, free travel for seniors on BC Ferries

A complete fare freeze will be put into place on major routes, and fares will be rolled back on smaller routes by 15 per cent

VIDEO: Top 10 B.C. budget highlights

The NDP is focusing on childcare, affordable housing and speeding up the elimination of MSP premiums

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Team USA beats Canada 3-2 on the shootout to take home Olympic gold

Americans win their first gold medal since 1998

Two Haida men detained for crossing U.S.-Canada border

Edenshaw and Frisby travelled from Alaska to Prince Rupert for the All Native Basketball Tournament

Alberta takes out full-page ads in B.C. over strained relationship

It’s the latest move between the two provinces over progress on Trans Mountain pipeline expansion

B.C. teacher suspended over allegedly using N-word in worksheets

Trafalgar Elementary teacher under investigation by Vancouver School Board

Toddler swept away in Ontario floods

Toddler missing as flooding forces thousands from their homes in Ontario

BC BUDGET: New money helps seniors’ care shortage

Job stability for care aides key to recruitment, union leader says

Mixed messages on B.C.’s efforts to cool hot housing market

Economist says undersupply of homes in Metro Vancouver, Victoria and Kelowna will keep prices high

Most Read