Here is how much a one-bedroom apartment in 麻豆传媒映画costs in December 2020

One-bedroom apartments in 麻豆传媒映画now average a staggering $1,950, report finds

麻豆传媒映画is now the most expensive city to rent a one-bedroom apartment in Canada

Elana Shepert
Dec 15, 2020 8:27 PM

vancouver-apartment-rental — On a year-over-year basis, both one and two-bedroom rents in 麻豆传媒映画are down over 11 per cent.聽Photo via alexsl / Getty Images

While the price of a one-bedroom apartment has dipped slightly this month, 麻豆传媒映画is now the most expensive city to rent in across Canada.

Conducted by Padmapper.ca, the December analyzes rental data from hundreds of thousands of active listings across the country. From there, listings are aggregated every month to calculate median asking rents for the top 24 most populous metropolitan areas.

At the start of its report, Padmapper.ca reports that 麻豆传媒映画has overtaken Toronto to become the country's most expensive city to rent one-bedroom apartments. That said, one-bedroom apartments have dropped in price this month over last, with median prices falling from $1980 to $1950.

Toronto's one-bedrooms dropped by $100 from a staggering $2,000 to $1,900 this month, which makes it the second priciest market for one-bedroom rentals.

麻豆传媒映画also has the country's steepest market for two-bedroom rentals, which it has for several months. However, two-bedroom rental costs have dropped in December to $2,680. Last month, two-bedroom apartments cost an average of $2,710 in the city.

On a year-over-year basis, both one and two-bedroom rents in 麻豆传媒映画are down over 11 per cent. In Toronto, one-bedroom rentals have fallen over 17 per cent since this time last year.

This December, Torontonians will pay $2,530 for a two-bedroom rental.

Rent across Canada

Overall, nine cities experienced a downward monthly rent price change, 12 upward, and three remained flat, notes Padmapper.

Burnaby is the third priciest city to rent a one-bedroom in Canada, but rents have dropped by 2.9 per cent to $1,670.

VIctoria is the fourth most expensive market, with one-bedroom rent decreasing by 1.2 per cent to $1,630.

With one-bedroom rents climbing 4.1 per cent to $1,510 Kelowna is now the fifth priciest market in Canada. On a year-over-year basis, one-bedroom rent is up nearly 12 per cent in the B.C. city.