The rental market in Edmonton is among the lowest in Canada and in comparison with the most costly within the nation, Vancouver, Edmontonians are saving some severe money on lease.
Leases.ca has simply launched its Nationwide Hire Rankings for December 2022 and it’s no shock Vancouver nabbed the highest spot with lease for a one-bedroom climbing to a staggering $2,633, whereas a two-bedroom prices a whopping $3,598.
Evaluate that to Edmonton which lands at #30 on the listing, the place a one-bedroom prices $1,110, a large $1,523 lower than the price of lease in Vancouver.
You’ll be able to actually lease two one-bedroom residences in Edmonton for the price of renting a single one-bedroom residence in Vancouver, with greater than $400 leftover, too.
If you’re in search of a two-bedroom in Alberta’s capital metropolis, that can value you $1,424, which is $2,174 cheaper than what you’d get in Vancouver.
Leases.ca
Edmonton’s sister metropolis, Calgary, may be discovered decrease down on the listing too, at #25. A one-bedroom in cowtown goes for $1,473, whereas a two-bedroom lands at $1,860.
In the meantime, the common lease in Canada soared in 2022 and now stands at a whopping $2,024.
Alberta rents had been additionally up double digits in November (15% yr over yr), however significantly extra reasonably priced at averages of $1,283 for a one-bedroom and $1,618 for a two-bedroom.
Quebec remained the slowest-growing marketplace for rents with an annual improve of 6.3%.
