With an average monthly rent of $1,154, Metro Vancouver has overtaken Calgary and Toronto as the city with the highest rent in the country. On June 10, the Canada Mortgage and Housing Corporation released a report concluding that the average rent for a Vancouver two-bedroom apartment has increased by 7.7 per cent since April 2008. Last year, the most expensive places to live were Calgary ($1,096) and Toronto ($1,075). The other two most expensive cities are Edmonton and Victoria. The study surveyed Canada’s 35 major centres and found that the national rent average has increased by 2.9 per cent.
Vancouver has the most expensive digs
Olympic host city tops Toronto and Calgary as the priciest place to rent
FILED UNDER: Canada