Wednesday, October 20, 2021
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Lethbridge average rental rates in 2020 bucking national trend

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The average monthly rent for an apartment has gone down significantly across the country this year, but if you rent a place here in Lethbridge you likely haven’t noticed much of a difference.

A report from Rentals.ca says Lethbridge has bucked the national trend with average rent increasing nearly 1% for a one bedroom apartment and up almost 6% for a two bedroom place. Despite that, the report says Lethbridge is still affordable foe renters.

That’s compared with the same 11 month period last year.

In November, Lethbridge came in 32nd on the list of 35 cities for average monthly rent in November for a one bedroom home at $953 and for average monthly rend for a two bedroom at $1,112.

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Lethbridge has bucked the downward trend with average rents up 0.5% in November month-over-month for a one bedroom and up 3.3% for a two bedroom.

Rentals.ca says average monthly rent across the country has dropped 9.1% over last year, with the COVID-19 pandemic having a lot to do with that, however analysts expect things will change in 2021.

As for Alberta, average monthly rent as a whole across the province declined 3% in Alberta year-over-year in 2020 from $1,275 in 2019 to $1,232 in November 2020.

Condominium apartments have seen the biggest drop among all property types this year with average monthly rents falling 19% annually.

The most expensive rent in Canada remains in the big cities Toronto, Vancouver, and Montreal.

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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