Barrie apartment rentals make top 10 list of most expensive in Canada: report

CTV News

6 hours ago

The City of Barrie made the top 10 list of the most expensive cities to rent in Canada, according to a new report.
Zumper.com ranked Barrie as the 9th most expensive city to rent in the nation last month with the prices of one and two-bedrooms settling at medians of $1,800 and $2,000, respectively. The report states the average monthly rent in Barrie is up overall by 1.02 per cent compared to last month, but is down 12.11 per cent year-over-year.
Vancouver, B.C. remains the most expensive city in Canada to rent a one-bedroom, holding steady at $2,520 on average. Despite a slight decrease in one-bedroom rental prices by 1.3 per cent, Toronto maintained its position in third place, with rent for a one-bedroom at $2,260.
Also making the top 10 are Burnaby, B.C., Victoria, B.C., Halifax, N.S., Ottawa, Kelowna, B.C., Kitchener, and Oshawa.
"This marks the first time in five months that the national rents have posted gains across the board, both monthly and annually," Zumper.com reports. "This turnaround signals a shift in market momentum as we enter peak moving season, a period that typically brings heightened demand and competition. With more renters actively searching and relocating during the warmer months, we're starting to see upward pressure return to the national rates."
Zumper.com analyzes rental data from active listings nationwide based on a monthly basis.