Rental prices for a one-bedroom unit have climbed in Kelowna in the last year (File photo) (Black Press Media files)

Victoria, Abbotsford record biggest jumps in rent prices nationwide: report

Toronto and Vancouver had priciest rentals in Canada

Victoria and Abbotsford recorded the biggest year-over-year rent increases, by percentage, in the country, according to a report from PadMapper released Monday.

The organization analyzed rental data from hundreds of thousands of active listings across the country and came up with the median figures for one and two-bedroom apartments as of February.

The report found that a one bedroom in Toronto topped the list for that unit size at $2,300, with Vancouver a close second at $2,150, Burnaby in third at $1,760 and Victoria in fourth with $1,590. B.C.’s capital also saw the biggest percentage increase with a 5.3 per cent jump, while Abbotsford saw a 4.8 per cent jump from February 2018 to 2019.

The other two cities from B.C. to make the list were Kelowna in the eighth spot with a one-bedroom rent of $1,350, a two-bedroom one of $1,630, and Abbotsford with $1,090 for a one bedroom and $$1,270 for a two bedroom.

A two bedroom space in Vancouver topped the list at $2,990 per month, with Toronto in second place at $2,980.

In Burnaby, a two bedroom would cost you $2,350, while a Victoria two bedroom would hit at $1,920.

READ MORE: Rental vacancy rates last year hit lowest since 2002 after third year of decline


Like us on Facebook and follow us on Twitter.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Authorities urge residents to manage garbage after having to dispatch another bear

RCMP and Conservation officers had to deal with another bear after it got into a residence’s garbage.

New study reveals Spirit bears are rarer than previously thought

The gene responsible for Spirit bears is up to 50 per cent rarer than previously estimated.

Haisla celebrate 14th annual G’psgolox Day

July 1 marks the day the g’psgolox pole was repatriated to the Haisla Nation from Sweden.

Shoppers Drug Mart launches in-store virtual service at several B.C. stores

The service is now available in 12 rural B.C. communities and will expand province-wide in August

Children’s summer programming opens in Kitimat

Summer day programs opened today, with restrictions, at Kitimat Museum and Archives and Riverlodge.

Horrifying video shows near head-on collision on Trans Canada

The video was captured on dash cam along Highway 1

Surrey in rare position to redefine policing amid calls for defunding

The wheels were set in motion for the new police service in 2018

Fraser Valley woman complains of violent RCMP takedown during wellness check

Mounties respond that she was not co-operating during Mental Health Act apprehension

B.C. sees 12 new COVID-19 cases, no new deaths

Three outbreaks exist in health-care settings

Lost dog swims Columbia River multiple times searching for home

The dog was missing from his Castlegar home for three days.

COVID-19: B.C. promotes video-activated services card

Mobile app allows easier video identity verification

ICBC to resume road tests in July with priority for rebookings, health-care workers

Tests have been on hold for four months due to COVID-19

Would you take a COVID-19 vaccine? Poll suggests most Canadians say yes

75 per cent of Canadians would agree to take a novel coronavirus vaccine

Most Read