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Average rent costs increased for a 9th straight month in BC

A new country-wide report pegs BC as the second most expensive province in Canada for renters.

Vancouver stands behind only Toronto as the most expensive city for renters in Canada.

Provincially, following Vancouver for most expensive rental cities is Burnaby, Kelowna and Victoria.

“The average monthly rent in BC for all property types has steadily increased from October 2018 to June,” states the report.

<who> Photo Credit: Rentals.ca

Nationally, the average cost of rent across Canada jumped another 1.9% in June following a 4% increase in May, according to the July Rent Report from Rentals.ca,

The report analyzed 33 cities across the country on a monthly and quarterly basis to determine the average rental costs.

Across the country, Ontario is home to 11 of the top 16 priciest cities to rent, while Alberta and Quebec are home to the seven least expensive cities to rent.

<who> Photo Credit: Rentals.ca

To read the full report, click here.



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