RentSeeker.ca’s now socially popular rental market INFOGRAPHIC’s reflect data compiled from Canada Mortgage and Housing Corporation’s (CMHC) Fall 2017 report and includes vacancy rates and the average rent costs for apartments across Canada including;

• Studio Apartments
• 1 Bedroom Apartments
• 2 Bedroom Apartments
• 3 Bedroom Apartments

*for media inquiries or to share our INFOGRAPHIC, please contact us at media@rentseeker.ca

(Click on the INFOGRAPHIC to enlarge)

Join the conversation and let us know what you think….by following RentSeeker on Twitter and Facebook!

With housing prices and rental costs having increased year-over-year for much of the past decade in many cities including Toronto, and continuing to rise to unprecedented levels creating what many are calling a “Canadian housing crisis”, the Premier has introduced a set of 16 comprehensive measures with claims that “it will help more people find an affordable place to call home, while bringing stability to the real estate market and protecting the investment of homeowners”.

The Fair Housing Plan has caused quite a bit of debate with many proponents arguing both; for, and against, the new proposed legislation.

Many would-be home-buyers and renters have shown support for the new rules, and are hoping they will help stabilize and even bring down the cost of home ownership and cost of renting.

While others argue that the new rent-control rules are “the exact opposite” of what is needed to deal with housing affordability problems.

To understand the new Fair Housing Plan and new rent control rules, leading Canadian real estate website RentSeeker.ca published a new INFOGRAPHIC showing a summary of the new legislation and how it affects;

• New Renters
• Existing Tenants
• Home-Buyers
• and Landlords

(for media inquiries or to share our INFOGRAPHIC, please e-mail us at media@rentseeker.ca)

Let us know what you think about the New Fair Housing Plan by joining the conversation with RentSeeker.ca on Twitter and on Facebook.

With so much internal discussion over the last decade or so by economists, investors, and policy makers about Canada’s real estate market in internal debate,  Canada has also been making many global lists of most expensive cities to live, with real estate prices rising and reaching unprecedented levels.

According to Business Insider, Vancouver ranked #3 on the most expensive cities to live in, around the world, with the following caption showing how real estate prices are impacting the economy, both locally and globally.

Vancouver, British Columbia: House prices in Vancouver rose the equivalent of a full year’s household income in only a year; it had a median multiple of 11.8.

In a recent article published on Huffington Post,  RentSeeker.ca presented multiple factors that could impact the Canadian housing and rental markets in 2017,  to try and provide some clarity and insight into various possibilities that can impact the real estate market for the coming months and year.

To provide an overall snapshot of Canada’s rental market, leading Canadian real estate search website, RentSeeker.ca,  published a New INFOGRAPHIC showing the Top 10 Most and Least Expensive Cities to Rent Apartments across Canada.

As expected Vancouver and Toronto are listed in the Top 10 Most Expensive Cities to Rent in RentSeeker.ca’s New INFOGRAPHIC with average rent costs for a 1 bedroom apartment in Vancouver showing at $1,159 (while the real-time asking price for many newer rental properties in Vancouver is probably closer to $1,700 to $2,300 according to data from RentSeeker.ca).  Average rents for 1 bedroom apartments for rent in Toronto came in at $1,132 (while once again, the real-time asking price for newer apartment rentals on the market are closer to $1,300 to $1,400).

At the top of  the list of the Top 10 Least Expensive Cities to Rent was Shawinigan in Quebec with average rents for a 1 bedroom apartment according to Canada Mortage and Housing Corporation coming in at $381.

View the full INFOGRAPHIC from RentSeeker.ca here:

(for media inquiries, or to share our INFOGRAPHIC, please e-mail us at media@rentseeker.ca)

*Data from this INFOGRAPHIC, and the above article, showing average and real-time rent prices in cities across Canada is based on data from Canada Housing and Mortgage Corporation (CMHC), and apartment finder RentSeeker.ca.

Join the conversation by following RentSeeker.ca on Twitter and RentSeeker.ca on Facebook!

Given the average house price now tops $1.3 million in the city, according to the Toronto Real Estate Board, you better have a significant nest egg if you dream of detached living. The next best option is to find a great neighbourhood with affordable townhomes.

Average Toronto Income Comes Up Short

When it comes to homebuyer affordability, the numbers can be daunting. Let’s say a borrower earns the median Toronto household income of $76,219, pays at least 20% down on their home purchase, and qualifies for a 2% variable-rate mortgage with a 30-year amortization.

Even in this best-case scenario, they’d still only be granted $636,886 in affordability by their lender. That amounts to precious little in a market where bidding wars are the norm and homes increasingly sell for hundreds of thousands of dollars over asking.

Searching Beyond City Borders

Many buyers who find themselves priced out of the market “drive until they qualify”; they’ll buy a house in a further-flung GTA community – TREB reports the average home can be found there for $795,569 – and brace for a daily car or train commute.

But suburban life isn’t for everyone. And, while raising a family in a high-rise is becoming a more common tactic (developers are even creating larger units to meet demand), it’s not an ideal situation for all.

Townhomes: The New Toronto Real Estate Reality

For buyers who wish to remain in the city but need more space, townhomes are quickly becoming the new low-rise standard. According to MLS townhouse and detached house sold numbers compiled by Zoocasa, the average detached home price skyrocketed a whopping 83.% from 2011 to 2016. By comparison, townhome prices surged only 53.3%, to an average of $562,187 – still within the realm of affordability for many Toronto buyers.

To help homebuyers on their home search, Zoocasa has identified the top 20 most affordable neighbourhoods for Toronto townhomes, along with the change in demand, and average time on the market.

Check out the infographic below to find a townhouse option in your price range

By: Penelope Graham, Zoocasa

Penelope Graham is the Managing Editor of Zoocasa.com, a leading real estate resource that uses full brokerage service and online tools to empower Canadians to buy or sell their home faster, easier, and more successfully.

Canada’s Largest Real Estate Search Website – RentSeeker.ca released it’s New Updated 2016 Annual Report today showing the;

Average Rent Costs and Vacancy Rates for Apartment Rentals in cities across Canada

RentSeeker.ca’s NEW updated report and data (below) using it’s popular INFOGRAPHIC format, shows the average cost of rent and vacancy rates for the following suite types across Canada:

• Studio | Bachelor Apartments
• 1 Bedroom Apartments
• 2 Bedroom Apartments and
• 3 Bedroom Apartments across Canada

“As one of Canada’s largest publicly traded multi-family REITs, we’ve seen occupancy and rental rates continue to remain steady through most of Canada. When the economy begins to recover in many parts of Alberta and British Columbia, we anticipate occupancy rates in these regions to improve,” said Todd Cook, President and Chief Executive Officer of Northview Apartment REIT.

RentSeeker.ca’s Housing & Rental Market INFOGRAPHICs were one of the most shared in Canada on Social Media in 2016!

For media inquiries, or to share RentSeeker’s NEW [INFOGRAPHIC], please contact us at: Media@RentSeeker.ca

(Click on INFOGRAPHIC to enlarge for full size viewing)

The new updated data and report by RentSeeker.ca follows last year’s Average Rents across Canada INFOGRAPHIC, which RentSeeker.ca released and published and was featured and shared by Canada’s largest media outlets and economists, and shared in many government and housing reports including; CTV News, Global News,  CP24, Money Sense, Huffington Post, The Loop, The Toronto Foundation, and many other websites.

Let us know what you think and join the conversation by following RentSeeker.ca on Twitter and Facebook!

RentSeeker.ca’s new [INFOGRAPHIC] shows updated average rent prices for 20 cities across Canada which RentSeeker.ca was able to provide through it’s extensive database of apartment listings using a newly developed real-time algorithm program. A more comprehensive report showing the average rent costs for cities across Canada is scheduled to be published in early December 2016. RentSeeker.ca’s last Canada wide report showing the average rent costs in cities across Canada was published in December 2015 and can be viewed here:

This new updated report and [INFOGRAPHIC] covers the following apartment sizes;

• Average Rent Prices for Studio / Bachelor Apartments
• Average Rent Prices  for 1 Bedroom Apartments
• Average Rent Prices for 2 Bedroom Apartments
• Average Rent Prices for 3 Bedroom Apartments

and the report provides updated average pricing for apartment rentals in real-time for the following cities;

• Apartments for rent in Toronto
• Apartments for rent in Ottawa
• Apartments for rent in Edmonton
• Apartments for rent in Calgary
• Apartments for rent in Saskatoon
• Apartments for rent in Regina
• Apartments for rent in Guelph
• Apartments for rent in Kitchener
• Apartments for rent in Windsor
• Apartments for rent in Brampton
• Apartments for rent in London
• Apartments for rent in Burlington
• Apartments for rent in Hamilton
• Apartments for rent in Quebec City
• Apartments for rent in Montreal
• Apartments for rent in Kingston
• Apartments for rent in Mississauga
• Apartments for rent in St. John’s
• Apartments for rent in Halifax
• Apartments for rent in Yellowknife

For media inquiries or to share this [INFOGRAPHIC], please contact Media@RentSeeker.ca

(Click the [INFOGRAPHIC] to Enlarge)

RentSeeker.ca’s Housing and Rental Market Reports and INFOGRAPHIC’s are utilized by Home-Buyers, Renters, Students, Landlords, Property Managers, Real Estate Brokers, Mortgage Professionals, Economists, and Journalists providing an in-depth analysis of Canada’s Real Estate landscape. This newest report follows RentSeeker.ca’s Recent Report showing the National Average Cost of Housing across Canada with Year-over-Year Price Comparisons which was featured on Huffington Post, CTV News, and other Canadian media outlets.

For up-to-date information on Canada’s Housing and Rental Markets, subscribe to RentSeeker.ca’s Newsletter on our Blog.

And follow RentSeeker.ca on Social Media:

• RentSeeker on Twitter
• RentSeeker on Facebook
• RentSeeker on Google Plus
• RentSeeker on Pinterest
• RentSeeker on YouTube
• RentSeeker on Instagram

For years now, many have suggested that Canada’s real estate market is a “bubble waiting to burst” with the slightest change in interest rates or other economic factors. Yet, those predictions continue to be on “stand-by” mode, while housing continues to maintain it’s status on The Economists list of Most Overvalued Real Estate Markets Globally.

RentSeeker.ca, one of Canada’s Largest and Most Visited Real Estate Websites has released a NEW 3-D INFOGRAPHIC Map showing the Average Cost of Housing across Canada with Year over Year Price Comparisons.

• Vancouver ->  2016 Average Cost: $1,093,267   |  (+22.6% from 2015)
• Prince Edward Island -> 2016 Average Cost: $194,094  |  (+17.1% from 2015)
• Victoria -> 2016 Average Cost:  $575,858  |  (+13.2% from 2015)
• Toronto ->  2016 Average Cost:  $688,181  |  (+12.1% from 2015)
• Hamilton – Burlington ->  2016 Average Cost: $486,008  |  (+9.5% from 2015)

Cities Showing Top Percentage Decreases Year-over Year:

• Sherbrooke -> 2016 Average Cost: $288,750  |  (-16.7% from 2015)
• Windsor -> 2016 Average Cost: $371,223  |  (-8.4% from 2015)
• Saint John -> 2016 Average Cost: $154,700  |  (-1.8% from 2015)
• Quebec City -> 2016 Average Cost: $259,851  |  (-.08% from 2015)
• Calgary -> 2016 Average Cost: $455,220   |  (-.05% from 2015)

Let us know what you think about Canada’s real estate markets and share your insights, comments, and predictions by joining the conversation with RentSeeker.ca on Twitter and Facebook!

The data is presented in an easy to read infographic.

Renters and landlords are welcome to use the data below as a resource for reference.

The new INFOGRAPHIC published by RentSeeker.ca includes theist of rent for the following units across Ontario.:

• Studio / Bachelor Apartments and Condos
• 1 Bedroom Apartments and Condos
• 2 Bedroom Apartments and Condos
• 3 Bedroom Apartments and Condos

For media inquiries and to share our INFOGRAPHIC please email:  media@rentseeker.ca

Apartment Rentals and Condos in Toronto topped the pricing charts with;

Studio Apartments and Condos in Toronto averaging $902

1 Bedroom Apartments and Condos in Toronto averaging $1,110

2 Bedroom Apartments and Condos in Toronto averaging $1,301

and 3 Bedroom Apartments and Condos in Toronto averaging $1,531

Other cities across Ontario included in the newly published report include:

Apartments and Condo Rentals in London, Ontario

Apartments and Condo Rentals in Ottawa, Ontario

Apartments and Condo Rentals in Hamilton, Ontario

Apartments and Condo Rentals in Kingston, Ontario

Apartments and Condo Rentals in Kitchener, Ontario

Apartments and Condo Rentals in Windsor, Ontario

Apartments and Condo Rentals in Barrie, Ontario

Apartments and Condo Rentals in Brantford, Ontario

Apartments and Condo Rentals in Stratford, Ontario

Apartments and Condo Rentals in St. Thomas, Ontario

Apartments and Condo Rentals in Peterborough, Ontario

Apartments and Condo Rentals in Guelph, Ontario

Apartments and Condo Rentals in St. Catharines, Ontario

To view RentSeeker.ca annual report showing the average cost of rent across Canada – please refer to our annual INFOGRAPHIC published in Decemeber 2015 – which can be found here: 

Other media outlets featuring RentSeeker.ca’s annual reports and INFOGRAPHICs can be found here:

• Business News Network (BNN) 
• Huffington Post
• CTV News
• Global News
• MoneySense Magazine
• Canadian Geographic 
• Tri-City News
• Business in Vancouver
• The Loop.ca
• The Red Pin
• Rental Housing Business 
• Calgary Buzz
• Windsor Star
• Globe and Mail
• CBC News

For more information and stay up to date on all the latest real estate and rental market data and information, subscribe to RentSeeker.ca’s real estate blog, and follow RentSeeker.ca on Twitter and Facebook.

RentSeeker.ca’s newest [INFOGRAPHIC] shows the average cost for apartments in cities across Canada and covers the following apartment categories:

• The Average Rent for Studio / Bachelor Apartments
• The Average Rent for 1 Bedroom Apartments
• The Average Rent for 2 Bedroom Apartments
• The Average Rent for 3 Bedroom Apartments

*(for media inquiries or to share our INFOGRAPHIC, please contact us at media@rentseeker.ca)

(Click the INFOGRAPHIC to Enlarge)

RentSeeker.ca’s Housing and Rental Market Reports and INFOGRAPHIC’s are utilized by Home-Buyers, Renters, Students, Landlords, Real Estate Brokers, Mortgage Professionals, Economists, and Journalists by providing an in-depth analysis of Canada’s Real Estate landscape. The report follows RentSeeker.ca’s recently published annual report and INFOGRAPHIC on Canada’s Housing Market.

For up-to-date information from RentSeeker.ca, subscribe to our newsletter on our blog.

And follow RentSeeker.ca on:

• Twitter
• Facebook
• Google Plus
• Linkedin
• Pinterest
• YouTube
• instagram