VANCOUVER LEADS THE COUNTRY IN HIGHEST AVERAGE MONTHLY RENTS

Here are some of the latest apartment rental stats released by CMHC. The numbers are very compelling for why people in the Jewish Community are in need of help and assistance. Vancouver leads all major Canadian cities with highest average monthly rents (two-bedroom $1,237). The numbers don’t lie, nor does our growing list of people that need Tikva’s support.

CMHC Rental Stats

The Canadian average two-bedroom rent in new and existing structures was $883 in October 2011, compared with $860 in October 2010. With respect to the Census Metropolitan Areas (CMAs), the highest average monthly rents for two-bedroom apartments in new and existing structures in Canada’s major centres were: Vancouver ($1,237), Toronto ($1,149), Ottawa ($1,086), Calgary ($1,084), Victoria ($1,045), Edmonton ($1,034) and Barrie ($1,001). These are the only major centres with average rents at or above $1,000 per month. Provincially, the highest average monthly rents were in British Columbia ($1,050), Alberta ($1,044) and Ontario ($1,002).