In Canada, housing prices have been in the discussion over the past few years, as the housing market is experiencing an elevation in price. This is why the Canadian government is prompted to take several actions to help reduce these expenditures over the next few years. The following are a few notable measures. Recently, Prime Minister Trudeau introduced a federal “Renters Bill of Rights” and announced an additional $15 billion CAD in federal loans for upcoming apartment construction projects. The following is an overview of rental rates across Canada. It will help you determine which province is most affordable for living in Canada. 

How Do Rental Rates Across Canada Vary: Understand the Assessment Process

In this section, you’ll get an understanding of rental housing prices in Canada’s most dense metropolitan areas.

Notably, rental prices in Canada are averaged from a variety of sources such as municipal and provincial sources, Canadian Housing and Mortgage Corporation (CHMC), settlement agencies, online housing amalgamator platforms like rentals.ca, and others. Also, it will consider the three most common housing styles in Canada’s metropolitan areas, including bachelor apartment units, one-bedroom apartment units, and two-bedroom apartment units.

It’s important to note that the rental prices mentioned below are to offer you an idea of the market, and it may differ depending on the area, the rental company, or the house owner you are leasing the house.

It considered the metropolitan areas in Canada as per 2021 census data, and the results below are listed from most populated metropolitan areas to least populated.

Rental Rates Across Different Areas in Canada

This section will give you an overview of rental rates across different Canadian regions. 

Toronto

In Canada, Toronto is the most populated city and metropolitan area with the highest rental costs. In Toronto, the monthly average rents for each type of house are as follows:

  • $1,727 CAD for Bachelor apartment units;
  • $2,507 CAD for One-bedroom apartment units; and
  • $3,356 CAD for Two-bedroom apartment units.

Montreal

Montreal is among Canada’s largest metropolitan areas. Despite this fact, it is renowned for its more affordable rental price than other cities in the country. In Montreal, the monthly average rents for each type of house are as follows:

  • $1,471CAD for Bachelor apartment units; 
  • $1,775 CAD for One-bedroom apartment units; and
  • $2,281 CAD for Two-bedroom apartment units.

Vancouver

Vancouver is considered the largest city in British Columbia. Notably, it had the tallest rental costs of any major metropolitan area in Canada. In Vancouver, the average rents for each type of house are as follows:

  • $2,331 CAD for Bachelor apartment units;
  • $2,679 CAD for One-bedroom apartment units and
  • $3,668 CAD for Two-bedroom apartment units.

Ottawa

Ottawa is Canada’s capital city and is where Canada’s parliament is located. In Ottawa, the average rents for each type of house are as follows:

  • $1,620 CAD for Bachelor apartment units;
  • $1,990 CAD for One-bedroom apartment units; and
  • $2,465 CAD for Two-bedroom apartment units.

Calgary

Calgary is Alberta’s largest metropolitan city with an increasing popularity due to the province’s lower tax rates. In Calgary, the average rents for each type of house are as follows:

  • $1,578 CAD for Bachelor apartment units;
  • $1,885 CAD for One-bedroom apartment units; and
  • $2,274 CAD for Two-bedroom apartment units.

Edmonton

Edmonton- the capital city of Alberta, is also popular among newcomers for settling in the province. In Edmonton, the average rents for each type of house are as follows:

  • $1,046 CAD for Bachelor apartment units;
  • $1,349 CAD for One-bedroom apartment units; and
  • $1,635 CAD for Two-bedroom apartment units.

Quebec City

In Canada, Quebec City is the capital of Quebec and, after Montreal, Quebec’s largest metropolitan area. It is also among the oldest North American cities. In Quebec City, the average rents for each type of house are as follows:

  • $1,048 CAD for Bachelor apartment units;
  • $1,353 CAD for One-bedroom apartment units; and
  • $1,713 CAD for Two-bedroom apartment units.

Winnipeg

Winnipeg is Manitoba’s capital city and the province’s largest metropolitan area. In Winnipeg, the average rents for each type of house are as follows:

  • $971 CAD for Bachelor apartment units;
  • $1,349 CAD for One-bedroom apartment units; and
  • $1,735 CAD for Two-bedroom apartment units.

Hamilton

Hamilton is growing in popularity and population due to its multiple universities and residential areas in Ontario. In Hamilton, the average rents for each type of house are as follows:

  • $1,459 CAD for Bachelor apartment units;
  • $1,781 CAD for One-bedroom apartment units; and
  • $2,116 CAD for Two-bedroom apartment units.

Kitchener

Kitchener is another large city in Ontario. The average rents for each type of house in Kitchener are as follows:

  • $1,210 CAD for Bachelor apartment units;
  • $1,833 CAD for One-bedroom apartment units; and
  • $2,436 CAD for Two-bedroom apartment units.

London

London, with a large student population, is a growing city in south-west Ontario. The city is a regional center in southern Ontario for healthcare and education. The average rents for each type of house in London are as follows:

  • $1,425 CAD for Bachelor apartment units;
  • $1,799 CAD for One-bedroom apartment units; and
  • $2,163 CAD for Two-bedroom apartment units.

Halifax

 Nova Scotia’s provincial capital, Halifax, is the most populous city. The city is an economic and population center in Atlantic Canada, which is gaining popularity among newcomers. The average rents for each type of house in Halifax are as follows:

  • $1,684 CAD for Bachelor apartment units;
  •  $1,971 CAD for One-bedroom apartment units; and
  • $2,585 CAD for Two-bedroom apartment units.

So, this was an overview of rental rates across Canada. If you are interested in immigrating to Canada but have concerns about the process and pathways, feel free to connect with our experienced Canadian immigration experts for help at NavaImmigration or send us an email at [email protected]