One of the more evident effects of inflation this year in Canada has been the skyrocketing prices of rent.
There have been many reports on the declining levels of home ownership, as many people try to stay afloat amid the constantly increasing cost of living.
For most young professionals and people starting new families, two-bedroom apartments are the apartments of choice as they require more space either for a home office or their partners.
In this report, using data from real estate platform Zumper, we compare the cost of rent in 22 popular Canadian cities, ranked from the cheapest to the most expensive.
The top half is dominated expectedly by cities in Ontario and British Columbia, while New Brunswick and Saskatchewan have two cities each in the bottom 5.
See the full list below.
22. Moncton, New Brunswick.
Average rent for 2-bedroom apartment in Moncton: $1150
21. Regina, Saskatchewan
Average rent for 2-bedroom apartment in Regina: $1154
20. Charlottetown, Prince Edward Island
Average rent for a 2-bedroom apartment in Charlottetown: $1183
19. Saskatoon, Saskatchewan
Average rent for a 2-bedroom apartment in Saskatoon: $1191
18. Saint John, New Brunswick
Average rent for a 2-bedroom apartment in St. John: $1250
17. Edmonton, Alberta
Average rent of a 2-bedroom in Edmonton: $1295
16. Whitehorse, Yukon
Average rent of a 2-bedroom apartment in Whitehorse: $1370
15. Banff, Alberta
Average rent of a 2-bedroom in Banff: $1375
14. Winnipeg, Manitoba
Average rent of a 2-bedroom apartment in Winnipeg: $1385
13. Quebec City, Quebec
Average rent for a 2-bedroom apartment in Quebec City: $1399
12. St. Albert, Alberta
Average rent for a 2-bedroom apartment in St. Albert: $1465
11. Belleville, Ontario
Average rent for a 2-bedroom apartment in Belleville: $1500
10. Calgary, Alberta.
Average rent for a 2-bedroom apartment in Calgary: $1700
9. Montreal, Quebec
Average rent for a 2-bedroom in Quebec: $1950
8. Ottawa, Ontario
Average rent for a 2-bedroom in Ottawa: $1999
7. Barrie, Ontario
Average rent for a 2-bedroom in Barrie: $2050
6. Halifax, Nova Scotia
Average rent for a 2-bedroom apartment in Halifax: $2127
5. Burlington, Ontario
Average rent for a 2-bedroom apartment in Burlington: $2580
4. Toronto, Ontario
Average rent for a 2-bedroom apartment in Toronto: $2630
3. Victoria, British Columbia
Average rent for a 2-bedroom apartment in Victoria: $2650
2. Oakville, Ontario
Average rent for a 2-bedroom apartment in Oakville: $2920
- Vancouver, British Columbia
Average rent for a 2-bedroom apartment in Vancouver: $3650
