A decline in Toronto鈥檚 rental prices may have put Vancouver back on top as Canada鈥檚 priciest city for one-bedroom rents, but prices have declined in all the top five most expensive rental cities.
A by rental website Padmapper found one-bedroom rents in Vancouver proper holding firm at a median $2,000 鈥� the same as and very slightly more than last month. But two-bedroom units in the city fell 1.6 per cent聽鈥� although that only reduces the median rent to a still-astronomical $3,150.
Toronto鈥檚 larger decreases in rent prices dropped the city into second place in the price rankings, with a 4.4 per cent slide in one bedroom prices to a median of $1,970, and two bedrooms dropping 2 per cent to $2,500.
Burnaby retained its third place among Canada鈥檚 most expensive rental cities, but also saw price declines, with one bedrooms dropping 1.4 per cent to $1,420 and two bedrooms falling 4.2 per cent to $2,040.
Montr茅al, Qu茅bec and Barrie, Ontario remained the fourth and fifth most expensive cities for rental prices, and both cities saw declines in one- and two-bedroom rents.
Vancouver was the only one of the top five priciest cities not to see a decrease in one-bedroom rental prices.
Check out Padmapper鈥檚 report infographic with the remaining top 10 most-expensive cities for one-bedroom rents, above.
