How a lot does a one bed room condo price in Vancouver?

The town continues to see a number of the costliest rents in Canada.

Condo costs in Metro Vancouver remained secure, with a couple of key outliers, in line with a brand new report.

Lease.liv., a Vancouver-based rental platform, creates month-to-month lease experiences for the world and finds that almost all neighborhoods in Metro Vancouver haven’t skilled important worth will increase.

After a major rise in costs between August and September, the report’s authors be aware that costs have began to climb steadily in latest months. “Renters ought to anticipate an analogous development till the tip of 2021.”

Rental costs in Metro Vancouver from October 2021 to November 2021 noticed “important fluctuations”, notably in areas exterior of the downtown core. Furnished leases noticed nearly all of worth adjustments this month, whereas unfurnished items have been comparatively secure.

“The common worth of furnished items in Coquitlam noticed a pointy drop of -21.56%, whereas unfurnished items in the identical metropolis barely budged (-0.40%). “explains

Lease in downtown Vancouver was largely maintained at present ranges, with furnished items growing 5.09% whereas furnished items fell -5.8%.

Throughout the nation, nonetheless, Vancouver stays the costliest place to lease an condo in November, with unfurnished one-bedroom flats averaging $ 1,791 and furnished flats costing $ 2,000.

Toronto is the second costliest, with unfurnished one-bedroom flats costing $ 1,735. Victoria got here in third, with a room costing a mean of $ 1,650. Ottawa was the fourth highest market, with one-bedroom flats priced at $ 1,600.

By municipality, downtown Vancouver had the very best common rental costs, adopted by Kitsilano and Fairview. Mount Nice was fourth, with Renfrew finishing the highest 5.

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