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

Summerland approves solar project

Despite community opposition, council voted 4-3 for Cartwright Mountain location

Two positive COVID-19 cases at Oliver farm

The risk of exposure to the general public related to this farm is considered to be low

Oliver Town Hall closed to public as staffer shows COVID-19 symptoms

One staff member at Oliver Town Hall is being tested for coronavirus

Penticton woman struck by mystery bullet

Woman suffers no major injuries; RCMP without any leads, investigation continues

Village of Keremeos looks to dismantle systemic racism

Mayor says the time is right to deconstruct racist institutions

B.C. records 62 new COVID-19 cases, two deaths since Friday

Province has just over 200 active cases

Police search for suspect in assault on woman in downtown Kelowna

Kelowna police received a report a woman had been assaulted by an unknown man on July 12

Hotel rooms for B.C. homeless too hasty, NDP government told

Businesses forced out, but crime goes down, minister says

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

B.C. government prepares for COVID-19 economic recovery efforts

New measures after July consultation, Carole James says

Horoscopes for the week of July 13

Weekly horoscopes by Morgan Fava

Police keep eye on motorbike gang in Kelowna for poker run

The Throttle Lockers Motorcycle Club Poker Run was to have taken place on July 11

Prohibited driver ticketed after rollover on Highway 1 near Salmon Arm

Jeep Cherokee hit rock face before rolling multiple times

COVID-19 exposure on Kelowna flight

Interior Health has capacity to test individuals who need it, but is reminding everyone that testing is not required for those who do not have symptoms

Most Read