{"id":188861,"date":"2019-01-25T08:00:21","date_gmt":"2019-01-25T13:00:21","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=188861"},"modified":"2019-01-25T17:45:32","modified_gmt":"2019-01-25T22:45:32","slug":"canadas-rental-market-january-2019","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019","title":{"rendered":"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now"},"content":{"rendered":"

<\/h4>

\"\"<\/a><\/p>\n

Photo: Kurt Bauschardt\/Flickr<\/a><\/em><\/p>\n

What a difference location can make in terms of rents.<\/p>\n

Look no further than the January 2019 rent report<\/a> from rental-listing website Rentals.ca.<\/p>\n

According to the report, one bedroom apartments in Montreal are going for $1,081, down 16 percent from a year ago; meantime, the average rent per square foot in Toronto\u2019s Entertainment District was an eye-popping $7 per square foot.<\/p>\n\n

These strikingly disparate numbers might not be what they seem, though, suggests Ben Myers, the report\u2019s author and president of Bullpen Consulting, which advises real estate developers.<\/p>\n

In the case of Montreal, it may just be a matter of the types of listings that were included. Myers has made an effort to remove furnished and short-term rentals from the data. But with roughly 10,000 listings to pore over, it\u2019s possible some of those squeaked through in previous months, inflating the older data. It\u2019s also possible a number of listings from a large landlord with property on the outskirts of the city were added.<\/p>\n

For the off-the-charts rents in the Entertainment District, Myers has another explanation. \u201cIt was recently reported that a significant number of units, specifically this high-tourist area, are being listed on Airbnb, reducing the potential stock of rental units and putting further upward pressure on rental rates,\u201d he writes in the report.<\/p>\n

\"\"<\/a><\/p>\n

On a national level, renting got more expensive for prospective tenants this month, though as expected, prices varied considerably from market to market. Landlords across Canada were asking an average of $1,776 per month in rent for properties on Rentals.ca in January, up 1.3 percent from December 2018.<\/p>\n

Toronto remained the most expensive market for renters this month, though rents didn\u2019t move from the previous month. The one-bedroom average was $2,135, while the two-bedroom was $2,577.<\/p>\n

Two-bedroom asking rents in Vancouver weren\u2019t far off at $2,541, representing a 1-percent decline compared to a month prior. At the same time, the one-bedroom rent in Vancouver sunk 8 percent to $1,768.<\/p>\n

\"See\r\n SEE ALSO:<\/span>Mortgage stress test takes a toll on Toronto renters, too<\/a><\/strong>\r\n <\/div>\n

The cheapest one-bedroom rents were in Fort St. John, BC, where they averaged $771. Quebec City offered renters the lowest average for two-bedroom apartments $955, up 3 percent month-over-month.<\/p>\n

While Calgary\u2019s ownership housing market has been battered by lower oil prices and the ensuing job losses that came as a result, the outlook is brighter for the city\u2019s rental market.<\/p>\n

One-bedroom rents were listed for $1,270, a month-over-month increase of 4 percent, although two-bedroom rents dipped 2 percent to $1,448.<\/p>\n

\u201cA pick-up in international immigration, and stronger household formation is expected to boost demand for rental accomodation, as a flat ownership housing market has not created a sense of urgency to buy among younger residents,\u201d notes Myers. \u201cThe mortgage stress test has also reduced mortgage credit availability for would-be, first-time buyers.\u201d<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

What a difference location can make in terms of rents.<\/p>\n","protected":false},"author":23,"featured_media":188863,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8692],"apple_news_notices":[],"yoast_head":"\nFrom major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl\" \/>\n<meta property=\"og:description\" content=\"What a difference location can make in terms of rents.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019\" \/>\n<meta property=\"og:site_name\" content=\"Livabl\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-25T13:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-25T22:45:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Josh Sherman\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Josh Sherman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019\",\"url\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019\",\"name\":\"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl\",\"isPartOf\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg\",\"datePublished\":\"2019-01-25T13:00:21+00:00\",\"dateModified\":\"2019-01-25T22:45:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/ea346b208c822908a989277b94dd1e24\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage\",\"url\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg\",\"contentUrl\":\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg\",\"width\":1024,\"height\":601},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Articles\",\"item\":\"https:\/\/www.livabl.com\/articles\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Archives\",\"item\":\"https:\/\/www.livabl.com\/articles\/archives\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.livabl.com\/articles\/#website\",\"url\":\"https:\/\/www.livabl.com\/articles\/\",\"name\":\"Livabl\",\"description\":\"Building New Home Dreams\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.livabl.com\/articles\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/ea346b208c822908a989277b94dd1e24\",\"name\":\"Josh Sherman\",\"description\":\"Josh reports on the Western Canada housing market for Livabl from its Toronto HQ. Since graduating from Humber College\u2019s journalism program in 2014, his work has appeared in numerous publications, including Vice, Toronto Life, Metro Toronto (now StarMetro), Exclaim!, and NOW Magazine. Josh has also interned at Canadian urbanism magazine Spacing and published short fiction in the Great Lakes Review.\",\"sameAs\":[\"https:\/\/twitter.com\/https:\/\/twitter.com\/joshuaxsherman\"],\"url\":\"https:\/\/www.livabl.com\/articles\/author\/josh-sherman\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019","og_locale":"en_US","og_type":"article","og_title":"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl","og_description":"What a difference location can make in terms of rents.","og_url":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019","og_site_name":"Livabl","article_published_time":"2019-01-25T13:00:21+00:00","article_modified_time":"2019-01-25T22:45:32+00:00","og_image":[{"width":1024,"height":601,"url":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg","type":"image\/jpeg"}],"author":"Josh Sherman","twitter_misc":{"Written by":"Josh Sherman","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019","url":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019","name":"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now | Livabl","isPartOf":{"@id":"https:\/\/www.livabl.com\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage"},"image":{"@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage"},"thumbnailUrl":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg","datePublished":"2019-01-25T13:00:21+00:00","dateModified":"2019-01-25T22:45:32+00:00","author":{"@id":"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/ea346b208c822908a989277b94dd1e24"},"breadcrumb":{"@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#primaryimage","url":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg","contentUrl":"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/01\/canadian-apartment-rents-january-2019.jpg","width":1024,"height":601},{"@type":"BreadcrumbList","@id":"https:\/\/www.livabl.com\/articles\/archives\/canadas-rental-market-january-2019#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Articles","item":"https:\/\/www.livabl.com\/articles"},{"@type":"ListItem","position":2,"name":"Archives","item":"https:\/\/www.livabl.com\/articles\/archives"},{"@type":"ListItem","position":3,"name":"From major rent drops in Montreal, to sky-high Toronto prices, here are the top trends in Canada\u2019s rental market right now"}]},{"@type":"WebSite","@id":"https:\/\/www.livabl.com\/articles\/#website","url":"https:\/\/www.livabl.com\/articles\/","name":"Livabl","description":"Building New Home Dreams","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.livabl.com\/articles\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.livabl.com\/articles\/#\/schema\/person\/ea346b208c822908a989277b94dd1e24","name":"Josh Sherman","description":"Josh reports on the Western Canada housing market for Livabl from its Toronto HQ. Since graduating from Humber College\u2019s journalism program in 2014, his work has appeared in numerous publications, including Vice, Toronto Life, Metro Toronto (now StarMetro), Exclaim!, and NOW Magazine. Josh has also interned at Canadian urbanism magazine Spacing and published short fiction in the Great Lakes Review.","sameAs":["https:\/\/twitter.com\/https:\/\/twitter.com\/joshuaxsherman"],"url":"https:\/\/www.livabl.com\/articles\/author\/josh-sherman"}]}},"_links":{"self":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts\/188861"}],"collection":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/comments?post=188861"}],"version-history":[{"count":0,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/posts\/188861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/media\/188863"}],"wp:attachment":[{"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/media?parent=188861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/categories?post=188861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/tags?post=188861"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.livabl.com\/articles\/wp-json\/wp\/v2\/coauthors?post=188861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}