Greater Victoria remained the fourth-most expensive rental market in Canada in June according to a new report.
According to figures compiled by online residential rental site Zumper.com, the median rent for a one-bedroom apartment in the region was $1,880 in June, up 2.2 per cent from May, while median rent for a two-bedroom was $2,350, which actually dropped six per cent from May.
Year over year, one-bedroom rents in the region are up 12.6 per cent on average since last June, while two-bedroom unit prices have risen 13 per cent.
The report looks at data from rental listings in CanadaB´ÎÔª¹ÙÍøÍøÖ·™s 24 most populous metro areas. Vancouver continues to be the most expensive place to rent, with the one-bedroom median rental $2,300 and two-bedroom price $3,300. Next highest was Toronto at $2,100 and $2,700, respectively, while Burnaby was third at $2,060 and $2,750.
The most affordable rents in the 24 largest metropolitan areas was St. JohnB´ÎÔª¹ÙÍøÍøÖ·™s, NL, where the median price for a one-bedroom unit was $870 and a two-bedroom was $920.
The report also highlighted cities with the most significant month-to-month and year-to-year changes for one-bedroom units.
Windsor, Ont. saw the largest median rent increase of 6.3 per cent from May to June, rising to $1,350, while Abbotsford saw the largest month-to-month decrease, dropping six per cent to $1,400.
Quebec City experienced the largest year-to-year increase of 34.2 per cent.
The full report can be found online at .
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