Which Province Has The Most “Sky-High” Rent In Canada?

If you think Toronto is expensive… you're only partially right. British Columbia actually takes the crown for having the highest rental prices in Canada!

Vancouver – the largest city in British Columbia – holds the title of “renting one room = losing half your paycheck.” The average rent for a one-bedroom apartment here has reached or exceeded $2,500 CAD/month!

Meanwhile:

• Toronto (Ontario): not far behind, around $2,300–2,400 CAD/month.

• Calgary (Alberta): more affordable at approximately $1,700 CAD/month.

• Montreal (Quebec): around $1,600 CAD/month.

So why is British Columbia such an expensive province?

• One of the mildest climates in Canada – less snow, more sunshine (this is a major reason why many immigrants choose this place for a fresh start)

• High levels of investment and rental demand, while supply never quite meets the need

• Increasing numbers of international students – it’s a dream destination for people around the world

According to Rentals.ca, the most recent rental prices in Vancouver are:

• 1-bedroom unit:

≈ $2,600 – $2,800 CAD/month

(Some downtown areas like Yaletown, West End can reach $3,000 CAD!)

• 2-bedroom unit:

≈ $3,300 – $3,800 CAD/month

(Some can even go beyond $4,000 CAD if near the ocean or in high-rise buildings)

• Studio (open-concept single room):

≈ $2,100 – $2,400 CAD/month

Rental costs in Vancouver have increased by more than 25% over the past two years. Many people have had to move to the suburbs, share housing, or accept longer commutes to cut costs.

Despite these jaw-dropping prices, many still dream of living and working in Vancouver.

What about you? If you could move to Canada, would you choose Vancouver as your second home? Share your thoughts with PathCAN!