Ottawa – RentSeeker Blog https://www.rentseeker.ca/blog RentSeeker Blog Mon, 29 Jun 2020 01:46:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.18 https://www.rentseeker.ca/blog/wp-content/uploads/2020/01/favicon.ico Ottawa – RentSeeker Blog https://www.rentseeker.ca/blog 32 32 Canada’s Most and Least Expensive Cities to Rent Apartments: RentSeeker https://www.rentseeker.ca/blog/canadas-most-and-least-expensive-cities-to-rent-apartments-rentseeker/ Tue, 28 Mar 2017 14:12:27 +0000 http://www.rentseeker.ca/blog/?p=3039 With Canada’s real estate market showing signs of stabilization in various cities, possibly and likely due to policy measures on housing by the Canadian government over the last few years, other cities like major cities; Vancouver and Toronto are still showing signs of increasing home prices for houses,  condos and apartment rentals.

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)

top-ten-most-and-least-expensive-cities-to-rent-an-apartment

*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!

]]> New Report Shows Average Rents and Vacancy Rates across Canada | RentSeeker.ca https://www.rentseeker.ca/blog/new-report-shows-average-rents-and-vacancy-rates-across-canada-rentseeker-ca/ Tue, 13 Dec 2016 19:44:11 +0000 http://www.rentseeker.ca/blog/?p=2980 December 13th 2016 – News Release

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)

New INFOGRAPHIC by RentSeeker Showing Updated Costs of Rent and Average Vacancy Rates across Canada

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!

]]> Newly Updated Rental Data Shows Average Rents for 20 Canadian Cities https://www.rentseeker.ca/blog/newly-updated-rental-data-shows-average-rents-for-20-canadian-cities/ Wed, 14 Sep 2016 05:08:50 +0000 http://www.rentseeker.ca/blog/?p=2917 September 14th 2016 – RentSeeker.ca – Canada’s Leading Real Estate Listing Website and Apartment Finder, published newly updated rental data in what’s become it’s highly popular [INFOGRAPHIC] format, which has become a popular resource for Renters, Landlords, Economists, and Journalists which shows Average Rent Prices for September 2016 with Data Provided for 20 Canadian Cities.

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;

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

(Click the [INFOGRAPHIC] to Enlarge)

Average-Rents-for-20-Canadian-Cities-Updated-September-2016-by-RentSeeker.ca

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:

]]>