National rankings of median rents based on listings compiled by PadMapper, a listings site for available rental units. (Image courtesy of PadMapper)

Victoria rental prices declining, according to national listing website

The median price of a one-bedroom suite dropped almost five per cent in December

Victoria’s rental market could be showing signs of cooling, according to a report by an apartment rental listing website.

According to Pad Mapper, a rental listings service that plots locations on a map, the median price of Victoria’s one-bedroom apartments fell 4.7 per cent in December to $1,210, although we’re still the fifth-most expensive city in which to rent in the country.

Median rents for a one-bedroom unit in Vancouver, listed as most expensive Canadian city, also dropped, 4.3 per cent to $1,990 for one-bedroom units, and 3.1 per cent to $3,100 for two-bedroom suites.

Year-over-year, however, rents jumped more than 10 per cent in six of the top 10 markets, with the largest spikes seen in the top four cities. Toronto ranked second highest at $1,970 for a one bedroom, while Barrie, Ont. and Montreal tied for third at $1,270 for the same housing type.

Rental prices in Kitchener, St. Catherines and Quebec City also increased on average, while those in Hamilton, Kingston and Saskatoon dropped.

lauren.boothby@vicnews.com

Just Posted

BC Minister of Agriculture loses stepson to accidental overdose

Lana Popham announces death of her 23-year-old stepson, Dan Sealey

Man arrested in Colwood sentenced for trafficking fentanyl

The man was arrested in February and has been sentenced to three years imprisonment

Local leaders of all ages honoured at National Philanthropy Day event

Awards in six categories given to Victoria residents who are leaders in giving back

West Shore youth looking to give back this Christmas

Chase Doucette will hand out bags of warm apparel to the homeless

Fill the railcar to help feed Victoria’s homeless

A community food drive for the Salvation Army

Unique technology gives children with special needs more independent play

UVic’s CanAssist refined seven prototypes aided by $1.5M government contribution

Greater Victoria holiday craft fair roundup for Nov. 16 to 18

Check off all of the items on your shopping list at these great events

Greater Victoria Crime Stoppers wanted list for the week of Nov. 14

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Price makes 36 saves as Habs edge Canucks 3-2

Late goal lifts Montreal past Vancouver

Canadian military’s template for perfect recruits outdated: Vance

Gen. Jonathan Vance, the chief of defence staff says that the military has to change because the very nature of warfare is changing, particularly when it comes to cyber-warfare

RCMP bust illegal B.C. cannabis lab

Marijuana may be legal but altering it using chemicals violates the Cannabis Act

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

B.C. teacher’s Amazing Race takes students on Canada-wide adventure

Agassiz high school students say they had the experience of a life time

Don’t sign USMCA until LGBTQ language excised, U.S. lawmakers urge Trump

The trade agreement, forged after 13 months of tense negotiations between Canada and the U.S. is scheduled for Nov. 30

Most Read