Canadian cities with the most and least expensive apartments

Canadian cities with the most and least expensive apartments

Canadian cities with the most and least expensive apartments Canada’s apartments are emblematic of the broad regional differences in terms of real estate sector performance, if a recent report from real estate search platform RentSeeker.ca is any indication.

Leading the pack among the priciest cities for apartments is Yellowknife in the Northwest Territories, with one-bedroom units going for an average of $1,401. Wood Buffalo in Alberta came second at $1,251 for the same housing type, while Oakville in Ontario is next at $1,214.

Despite being long-time epicentres of Canadian housing activity, one-bedroom apartments in Vancouver and Toronto are surprisingly not the most expensive in the country, clocking in at (respectively) $1,159 (ranked 4th) and $1,132 (ranked 6th).

RentSeeker.ca emphasized, however, that the “real-time asking price” for a majority of new rental properties is likely closer to $1,700 to $2,300 in Vancouver, and closer to $1,300 to $1,400 in Toronto.

Meanwhile, Atlantic Canada hosts all ten of the cities with the most affordable apartments nationwide. Eight of these markets—including least expensive Shawinigan ($381 for a one-bedroom unit)—are in Quebec, while two are in New Brunswick.



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