If the monthly cost of your rent is starting to take a toll on your wallet, it might be time to take a look at some of the cities in Canada where rent actually went down.
According to the Canadian Rent Report by Zumper, released on January 13, there were a few spots where rent for a one-bedroom didn't see an increase from November to December.
In fact, prices actually went down month-over-month in some regions.
Of the 23 cities included in the report, there were 10 that experienced a decrease. It was Quebec City that saw the largest decline, with monthly rent costs dropping 5.4% to just $870.
Similarly, Kelowna experienced a fall of 5.2%, which puts the average price there at $1,630.
In Ontario, Barrie saw a decline of 4.7%, meaning the price of a one-bedroom rings in at about $1,900.
Another spot that saw a decline in the price of rent in December was Oshawa, where the median price of a one-bedroom came down to $1,590.
In Kitchener it was $1,470 and Hamilton was $1,440. If you live in Kingston, Calgary or Winnipeg, costs would have been $1,330, $1,160 and $1,000 per month respectively.
In Edmonton, you could secure a similar space for a fairly reasonable $920 per month.
Four spots in the list remained unchanged month-over-month for a one-bedroom apartment, which is at least better than an increase!
The average price for a one-bedroom in Toronto will set you back $1,850 a month. In Ottawa, it'll cost you $1,500 and in Montreal you'll be spending about $1,350.
In terms of increases, residents of Vancouver, Victoria, Abbotsford, Windsor, Saskatoon, Regina, and St. John's likely saw an uptick in their rent in December. Sorry, folks!
This article’s cover image was used for illustrative purposes only.
Rent Actually Went Down In These Canadian Cities & You Might Want To Pack Your Bags ASAP
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