A comparison from the apartment rental service Rentseeker shows just how much it costs to rent an apartment in the United States, compared to Canada the apartment rental service has released a new infographic and results may have renters laying off the criticism of their landlords.
shows the average cost of a rental in Canadian cities, compared with American ones. All figures are in the countries' respective currencies, at an exchange rate of C$1.32 vs. US$1.
Highlights include the fact that a one-bedroom that costs C$1085 in Toronto will cost nearly three times that in New York (US$3442). The gap between a one-bedroom in Montreal (C$660) with one in Los Angeles (US$2037) was similarly large.
Other comparisons of one-bedroom prices included:
Hamilton C$810 – San Jose US$2112
Vancouver C$1062– San Diego US$1571
Calgary C$1137 – Chicago US$1350
Ottawa C$941 – Houston US$1010
Edmonton C$1004– Philadelphia US$1144
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Myrnam, Goodeve, Ross Spur, Middle Sackville, Malpeque
Toronto landlords may have just been vindicated of charges that they’ve jacked up rents beyond what any market can bear.