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What Renting a 2-Bedroom Apartment Looks Like in Canada

Whether you’re starting out life as a grown-up or whether you’re downsizing, chances are that at some point in your life, you’ll live in a rental apartment. How much does that cost, though? Would it be easier on your bank account to rent or to just take the plunge and pay a mortgage? And how do rents differ across the country?

Every month, releases a report on the average rentals for properties listed on their site for the previous month. According to their data, rental rates nationwide are picking up to levels last seen at the start of 2020. They forecast that in the next year, rental rates will continue to increase – by as much as 11 per cent in Toronto but by only 2 per cent in Montreal. Are you looking for a 2-bedroom apartment right now? The national average is $1,851 but prices vary widely between cities. We’ve compared the average rates for November 2021 in 10 cities to show you what renting a 2-bedroom apartment looks like in Canada.

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