Highlights
- On the primary purpose-built rental market, the average rental apartment vacancy rate in Canada’s 35 major centres1 increased slightly, to 2.7 per cent in October 2013, from 2.6 per cent in October 2012.
- The average rent for two-bedroom units was $920 in October 2013, with the averages ranging from $555 in Trois-Rivières to $1,281 in Vancouver.
- Across Canada’s 35 major centres, the average rent for two-bedroom apartments in structures common to both the 2012 and 2013 surveys2 showed an increase of 2.5 per cent in October 2013 compared to a year earlier.The rise was 2.2 per cent between October 2011 and October 2012.
- On the secondary rental market, the vacancy rates for condominium apartments ranged from a high of 5.9 per cent in Québec to a low of 0.7 per cent in Saskatoon.
- The average monthly rents for two – bedroom condominium apartments were highest in Toronto ($1,752) and lowest in Québec ($980).