2023-12-18 20:53:43
The price of posted rental offers increased at an annual rate of more than 10% in November in Quebec. This is more than the Canadian average.
In Quebec, the annual increase is 10.9% for an average monthly rent of $1,977, according to a report from Rentals.ca and Urbanation. For the country as a whole, the increase was 8.4% to $2,174.
In Montreal, the rent posted for a one-bedroom apartment was $1,805, on average, which represents an increase of 13.9%. For two bedrooms, the average rent is $2,278, an increase of 5.6%.
In Quebec, the rent posted for a one-bedroom apartment is $1,319, an increase of 14.5%. For two bedrooms, it costs $1,743, an increase of 10.9%.
Rents are also experiencing a sharp increase in shared accommodation. Shared rents are close to the $1,000 threshold in British Columbia, Alberta, Ontario and Quebec.
It is in Quebec that the increase in the displayed price is the highest for roommates. This jumped 26.2% to $923, which includes shared rents in Montreal which reached $956.
Data released Friday by Rentals.ca and Urbanation show that the annual rate of rental growth in Canada continues to moderate following increases of 9.9% in October and 11.1% in September.
The report notes that there have been notable slowdowns in two of Canada’s most expensive big cities for renters. Vancouver saw asking rents increase 0.7% from last year to $3,171, while average asking rents in Toronto decreased 2.4% to $2,913.
Meanwhile, Edmonton overtook Calgary as the leader in rent growth among major markets, as average asking rents in the provincial capital rose 11.9 per cent from last year to 1,472 $, while the southern Alberta city saw a 10.4% increase to an average of $2,081.
With information Sammy Hudes and Stéphane Rolland
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