Average Rent Prices & Vacancy Rates Across Canada 2020

RentSeeker.ca, Canada’s largest and most visited online apartment finder, has published the average rent prices and vacancy rates

in cities across Canada.

RentSeeker.ca’s rental market infographic covers the average rent prices for studio, one, two, and three bedroom apartments. It also highlights the cities with the lowest and highest vacancy rates across the country.

Check out the key numbers below the infographic for a quick summary of cities with the highest and lowest average rent prices and vacancy rates.

Infographic

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(Click on INFOGRAPHIC to enlarge for full size viewing)

Highest and Lowest Rent Prices (Averages)

No surprise here! Vancouver dominates with the most expensive rental prices in Canada. The real estate market in the Vancouver area has skyrocketed over the past few years driving the rent up with it.

On the other hand, Quebec City as well as Montreal and surrounding areas have not had such a great run within the real estate industry causing much lower rent prices in that region.

Apartment Type	Highest Rent	Lowest Rent
Studio	Vancouver ($1,227)	Quebec ($595)
1 Bedroom	Vancouver ($1,382)	Quebec ($745)
2 Bedroom	Vancouver ($1,748)	Montreal ($855)
3 Bedroom	Vancouver ($2,063)	Gatineau ($961)

Highest and Lowest Vacancy Rates (Averages)

Interestingly these vacancy rates do not correlate with the average rent prices across the country. Average lowest vacancy rates are spread out throughout the country. However, the province of Saskatchewan is seeing the highest vacancy rates.

Apartment Type	Lowest Vacancy	Highest Vacancy
Studio	Vancouver (0.7%)	Regina (11.8%)
1 Bedroom	Victoria (0.9%)	Regina (9.7%)
2 Bedroom	Halifax (0.9%)	Regina (6.3%)
3 Bedroom	Whitehorse (0.5%)	Saskatoon (6.2%)

Found this data useful? checkout our Spring 2019 rental market infographic.