snub posted topic Victoria Rental Market Third Most Expensive In Canada

lpoutine,

snub has just posted a new topic entitled "Victoria Rental Market Third Most Expensive In Canada" in forum "Victoria and South Island Economy".

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Greater Victoria's rental market has become more expensive, according to PadMapper, an online service linking apartment hunters with available units.

The company says Victoria is the third most-expensive rental market in the country, leaping over Calgary since its last survey of major centres.

PadMapper ranks cities based on the listings it can find on its site and those on sites such as Craigslist or Kijiji.

The ranking is based on the median price paid for one- and two-bedroom units.

According to the company, Victoria is following trends seen in Vancouver, as the median price of a one-bedroom unit in Victoria increased 0.9 per cent to $1,080 in the last month, while the median price of a two-bedroom unit decreased 2.3 per cent to $1,340.

Vancouver and Toronto remain the two most-expensive rental markets. Median one-bedroom rent grew 2.9 per cent in Vancouver to $1,750, while the median two-bedroom rent declined 1.5 per cent to $2,680.

In Toronto, rents continued to soften, with one-bedroom rents decreasing 1.5 per cent to $1,310 and two-bedroom rents dropping 2.3 per cent to $1,680.



© Copyright Times Colonist - See more at: http://www.timescolonist.com/business/victoria-rental-market-third-most-expensive-in-country-1.2343048#sthash.y0JglMno.dpuf





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