Calgary overtook Victoria for rents in June

June rental figures show that Calgary has recovered some of the ground lost in May. The Paddmapper survey found that Vancouver continues to be the most expensive rental market in Canada with median rents of $1,740 for a one-bedroom apartment and $2,750 for a two-bed. Demand for 1-bed units drove prices up 2.4 per cent while 2-bed rents were down 1.1 per cent.

Toronto is the second most expensive rental market with a 1 bedroom unit costing a median $1,350, up 2.3 per cent and a 2-bedroom apartment costing $1,720, up 4.2 per cent from May.

Calgary moved into third place, overtaking Victoria, with rents rising 3.7 per cent for a 1-bed unit to $1,110 and 3.1 per cent to $1,340 for a 2-bed.

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