The cost to rent one-and-two-bedroom apartments increased 20 per cent in Ottawa in October, as rents continue to surge across Canada.
The national rent report from Rentals.ca shows the cost of a one-bedroom apartment increased $336 in October compared to October 2021, while the cost of a two-bedroom apartment increased $407.
Ottawa renters were paying an average of $1,959 a month for a one-bedroom in Ottawa last month, up 20.9 per cent from October 2021. A two-bedroom apartment cost an average of $2,443 in Ottawa, up 20.3 per cent from a year ago.
In Gatineau, a one-bedroom apartment cost $1,630 to rent in October, up 14.9 per cent from October 2021. The cost of a two-bedroom apartment dropped 0.7 per cent to $1,764.
The monthly report from Rentals.ca shows the average cost to rent a one-bedroom apartment was $1,736 in October, up 14.48 per cent from a year ago. The cost to rent a two-bedroom apartment jumped 13.97 per cent to $2,147.
Vancouver has the highest rental rates for a one-bedroom and two-bedroom apartment in Canada, followed by Toronto and Burnaby, B.C. Ottawa ranks 13th on the list for a one-bedroom apartment, while Gatineau is 24th.
Kingston ranked 22nd on the list, with the cost of a one-bedroom apartment up 7.6 per cent to $1,679 in October.
Average rent for a one-bedroom apartment in Canada in September
1. Vancouver, B.C. $2,576
2. Toronto $2,478
3. Burnaby, B.C. $2,290
4. Etobicoke, Ont. $2,193
5. Burlington, Ont. $2,174
6. Victoria $2,140
7. Oakville, Ont. $2,098
8. Mississauga $2,091
9. Guelph $2,085
10. North York, Ont. $2,082
13. Ottawa $1,959
22. Kingston $1,679
24. Gatineau $1,630
View original article here Source