Numerous end of year summary reports indicated that the Canadian real estate market effectively achieved a soft landing. Over the past year and half, the industry has experienced a seismic shift that has brought the astronomical prices of 2017 back down to Earth. Rising interest rates, foreign homeowner taxes and rising household debt have all been strong forces acting on the market.

All of these factors have created an environment where housing affordability measures are at all time highs, and are expected to increase. Many of the top cities in Canada are expected to see rental rates increase anywhere between 7-11% by the end of 2019, and despite the dip in buying prices, rental prices are showing no signs of slowing down.

RentSeeker.ca takes a look at the top 10 most and least expensive cities to rent in Canada.

Top 10 Most Expensive Cities For Rental Apartments in Canada

#1 – Yellowknife, NWT – Average Rent Price = $1581/month

Yellowknife is #1 on the list of the most expensive cities to rent in Canada!

#2 – Vancouver, BC – Average Rent Price = $1507/month

Vancouver comes in 2^nd place for most expensive cities to rent in Canada.

#3 – Toronto, ON – Average Rent Price = $1360/month

Toronto is the third most expensive city to rent an apartment.

#4 – Victoria, BC – Average Rent Price = $1264/month

Fourth is Victoria on our list.

#5 – Kingston, ON – Average Rent Price =  $1238/month

Kingston ranks fifth as the most expensive city to rent in Canada.

#6 – Ottawa, ON – Average Rent Price = $1214/month

Ottawa is the sixth most expensive city to rent an apartment.

#7 –  Barrie, ON – Average Rent Price = $1198/month

Barrie takes the 7^th spot on the most expensive list.

#8 – Oshawa, ON – Average Rent Price = $1153/month

Oshawa is the eight most expensive city in the country to rent an apartment.

#9 – Kelowna, BC – Average Rent Price = $1139/month

Kelowna is #9 on our list.

#10 – Edmonton, AB – Average Rent Price = $1125/month

Edmonton rounds out the list of the top 10 most expensive cities to rent an apartment in Canada

Top 10 Least Expensive Cities For Rental Apartments in Canada

#1 – Thetford Mines, QC – Average Rent Price = $461/month

Thetford Mines is the least expensive city to rent an apartment in Canada!

#2 – St. Georges, QC – Average Rent Price = $478/month

The 2^nd least expensive city to rent an apartment is St. Georges.

#3 – Victoriaville, QC – Average Rent Price = $506/month

Victoriaville is #3 on the list of least expensive cities in Canada to rent an apartment.

#4 – Edmundston, NB –  Average Rent Price = $511/month

The fourth least expensive city to rent an apartment is Edmundston.

#5 – Matane, QC – Average Rent Price = $514/month

Matane is #5 on our list.

#6 – Trois-Rivieres, QC – Average Rent Price = $534/month

The sixth least expensive city to rent an apartment in Canada is Trois-Rivieres.

#7 – Saguenay, QC – Average Rent Price = $547/month

Saguenay ranks #7 on our list of the least expensive cities to rent in the country.

#8 – Drummondville, QC – Average Rent Price = $556/month

Drummondville is the eight least expensive city to rent an apartment in Canada.

#9 – Sherbrooke, QC – Average Rent Price = $588/month

In 9^th position for least expensive city is Sherbrooke.

#10 – Kentville, NS – Average Rent Price = $672/month
Taking #10 on our list of the least expensive city to rent an apartment in Canada is Kentville.

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 – Canada’s largest real estate search website and apartment finder, which provides real estate marketing services for most of Canada’s largest Landlords and REIT’s and also publishes real estate data which is used by economists, journalists, government, and media outlets, published a NEW INFOGRAPHIC today showing…

The Cost of Housing across Canada and the U.S. and the Income Needed to Purchase a House, Based on Current Housing Values and Interest Rates.

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For media inquiries, or to share this INFOGRAPHIC, please contact us.

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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!

RentSeeker.ca – Canada’s Leading Apartment Finder and Real Estate Marketing website has published a new [INFOGRAPHIC] comparing the average cost to rent an apartment in 25 cities across Canada and the U.S. for the following apartment types:

•  Studio & Bachelor Apartments
• 1 Bedroom Apartments
• 2 Bedroom Apartments
• 3 Bedroom Apartments

*Cities included in our INFOGRAPHIC were determined by a number of factors including population, relevance for comparison and other factors.

We plan to release further data in the near future which will include other cities as well.

So our team here at RentSeeker.ca decided to research the pricing on some of the more popular items across both borders and present it the way we know best – in a cool INFOGRAPH!

Check out our research below which includes a snapshot comparison of Home Prices, Autos, Mobile Plans, Retail and Technology Prices between products in Canada and in the U.S.

Share your comments and feedback and connect with us on social media at:

RentSeeker on Twitter

RentSeeker on Facebook

RentSeeker on Google +

RentSeeker on Pinterest

RentSeeker on YouTube

*INFOGRAPHIC designed by RentSeeker.ca