The average rental rate across Canada was down to its lowest level in two-and-a-half years in December.
The latest National Rent Report from Rentals.ca and Urbanation lists the average asking rent in Canada at $2,060 last month, a drop of 2.3 per cent year-over-year.
Despite the national drop, Lethbridge saw a bit of a price hike, with the average asking price for rentals listed at $1,570 per month in December.
For a one-bedroom unit, the price was $1,400 a month, which is up 2.6 per cent month-over-month and up 2.5 per cent year-over-year.
Meanwhile, two-bedroom units rented for $1,548 on average. That is a drop of 4.1 per cent month-over-month, and an increase of 1.2 per cent year-over-year.
ALBERTA COMMUNITIES
- Airdrie: $1,983 per month, on average
- Calgary: $1,875 per month, on average
- Edmonton: $1,615 per month, on average
- Lethbridge: $1,570 per month, on average
- Red Deer: $1,549 per month, on average
- Fort McMurray: $1,371 per month, on average
- Medicine Hat: $1,390 per month, on average
- Lloydminster: $1,217 per month, on average
HIGHEST IN CANADA
The top three most expensive communities to rent in Canada last month were:
- North Vancouver, British Columbia: $2,974 per month, on average
- Vancouver, British Columbia: $2,664 per month, on average
- Oakville, Ontario: $2,545 per month, on average
The latest National Rent Report is available online.
