Canada’s rental rate inflation is expected to rise in most major markets for 2019

2019 Canada National Rental Index Report

2019 Canada National Rental Index Report

Posted On: Wednesday, March 06, 2019

National Overview

Across Canada, one bedroom units dominate with about 36% market share and an average monthly rent of $1,577 per month, while two bedroom units come in a close second with a market share of just over 34% and an average rent of $1,764 per month.



Across Canada, the rent charged for single-family housing (single-detached and semi-detached homes on average) was only slightly higher than condominium apartments ($2,534 versus $2,450). 



However, when looking at it on a per-square-foot basis, a tenant could pay twice as much on average for a condominium apartment than a single-family home ($3.40 versus $1.56) and 28 cents more than a rental apartment ($1.84 versus $1.56).



At the national level, Toronto had the highest one-bedroom rents in Canada at $2,135 per month in December with Mississauga following second at $1,825 per month and Vancouver third at $1768 per month.

As for Alberta, the average rent for a one-bedroom unit in Calgary increased 4% month-over-month, while two-bedroom units declined 2%. Edmonton’s average rent for a one bedroom unit increased 1% month-over-month, while two bedroom units grew by 3% month-over-month

2019 Rental Forecast

Overall, Canada’s rental rate inflation is expected to rise in most major markets for 2019. Based on the rental rate forecast prepared by Rentals.ca, we can expect the average monthly rental rate in Canada to increase by 6% in 2019. On a municipal basis, Toronto can expect a rental growth of 11%, 10% in Mississauga, 9% in Ottawa, 7% in Vancouver and 4% in Calgary. The forecast for Montreal and Edmonton will see modest rent increases of 1.3% and 0.3% respectively in 2019.

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