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

Just Posted

Boundary hospital ‘ready for a surge,’ hoping it never comes

The emergency department director confirmed there were active COVID-19 cases in the Boundary

COVID-19: Interior Health orders closure of all fitness centres until May 30

The order is subject to revision, cancellation, or extension

FortisBC pausing power disconnections and late-fees amid COVID-19 crisis

Company says they plan to work with customers affected by COVID-19 on a “one on one” basis

Grand Forks and Boundary cancellations, changes due to COVID-19

This newspaper’s list of community events, institutions that change or cancel due to pandemic

Don’t avoid doctor’s office if you need help, say Kootenay Boundary physicians

There are alternatives to coming in physically to offices, docs say

From inside the ER: B.C. doctor tells it like it is from the frontlines of COVID-19

‘Stay home. It’s working,’ says ER doctor in a Q&A discussion, ‘And please don’t worry.’

Dogs are property, not kids, B.C. judge tells former couple

Court decision made on competing lawsuits over Zeus and Aurora — a pit bull and pit bull cross

B.C. senior gives blood for 200th time, has ‘saved’ 600 lives

There was no cutting of cake for Harvey Rempel but he’s challenging youth to start donating blood

Trudeau commits $100M to help food banks amid COVID-19 crisis

Funds will help ‘urgent food needs’ for Canadians awaiting federal emergency benefits to kick in

Couple won’t self-isolate after returning from overseas: Cowichan by-law

New law requires 14 days of self-isolation when returning to Canada

How well can cell phones carry COVID-19? Disinfecting may be wise

‘You want to keep it as clean as you would normally your hands’

3M pushes back on Trump administration call to stop sending N95 masks to Canada

3M says it has already been turning out as many of the N95 masks as possible

B.C. health care workers gain access to virtual health care options

During COVID-19 many clinics have closed, leaving health care workers with nowhere to turn

Most Read