Average two bedroom apartment in Canada has risen 2.7% over the last year

Average two bedroom apartment in Canada has risen 2.7% over the last year

According to the annual report release today by the Canadian Mortgage and Housing Corporation (CMHC), the average rent for a two bedroom apartment had risen to $989, up 2.7% from last year’s figure.  

The most expensive city for a two bedroom rental remains Vancouver at $1552 (up 6.2%) with the next closest cities being Toronto at $1404 (up 4.2%) and Calgary at $1288 (down 1%).

Click here to read this article from CBC NEWS.

Click here to read this report by the CMHC. (PDF)

 

Ian Mehisto
Ian Mehisto
imehisto@trebnet.com

As an award winning REALTOR, Ian brings a passion for the industry that enables him to provide his clients with an exceptional level of client care from start to close in every transaction. His straightforward, honest approach, professionalism and knowledge of the marketplace are a true asset to your real estate transaction.