Vancouver-area renters: Here's where it's cheapest, and where you'd pay the most
It's no surprise to renters and would-be renters that it costs a lot to live in the Vancouver area, but a recent report suggests there are some spots where tenants pay a bit less.
An August report from listings site liv.rent suggests the best places for those willing to consider other municipalities.
According to the data, the average one-bedroom in the city of Vancouver is now going for about $2,500 per month. It's steep, especially compared to Langley, where the average is $782 less.
Surrey, too, is much cheaper, while landlords in West Vancouver are on average asking for more.
According to liv.rent, the average one-bedroom in West Van is $2,621. This number is based on listings for August rentals, not an average of what existing renters are paying, so those who've been living in the municipality for some time would be paying less.
The latest average actually puts West Vancouver ahead of all Canadian municipalities when it comes to most expensive rent. Vancouver, of course, is in second, followed by Richmond and then Toronto, liv.rent says.
In Vancouver, new renters were asked to pay an average of $2,498, while renters in Richmond and North Vancouver should expect an average of $2,441 and $2,414, respectively.
It's not much cheaper to live in New Westminster or Burnaby, where the August averages are $2,124 and $2,092, according to liv.rent's listings data.
In Coquitlam, that rate is under the $2,000 mark, with an average rate of $1,936.
A renter moving into a one-bedroom in Surrey should expect a monthly price of $1,740, while Langley landlords are asking an average of $1,716.
Liv.rent also looked at the averages for two- and three-bedroom rentals, and what tenants should expect to pay for furnished accommodations.
Those with their hearts set on living in Vancouver should expect a range in price too, depending on which neighbourhood they choose.
Unsurprisingly, downtown is among the most expensive neighbourhoods in Vancouver, at an average monthly rate of $2,743. Mount Pleasant actually costs a dollar more per month though, based on the data.
According to liv.rent, would-be tenants looking to pay a bit less should look for apartments in Renfrew, Shaughnessy and Arbutus.
Those with a higher budget should consider Kitsilano, Fairview and Point Grey/UBC.
CTVNews.ca Top Stories
Half of Canadians have negative opinion of latest Liberal budget: poll
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
opinion Why you should protect your investments by naming a trusted contact person
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
NEW 'One of the single most terrifying things ever': Canadian couple among tourists on sinking sailing boat tour abroad
A Toronto couple are speaking out about their “extremely dangerous” experience on board a sinking tour boat in the Dominican Republic last week.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Ottawa injects another $36M into vaccine injury compensation fund
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
Photographer alleges he was forced to watch Megan Thee Stallion have sex and was unfairly fired
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
An Ontario senior called Geek Squad for help with his printer. Instead, he got scammed out of $25,000
An Ontario senior’s attempt to get technical help online led him into a spoofing scam where he lost $25,000. Now, he’s sharing his story to warn others.
Accused of burglary at stepmother's home, U.S. senator says she wanted her father's ashes: charges
A Minnesota state senator and former broadcast meteorologist told police that she broke into her stepmother's home because her stepmother refused to give her items of sentimental value from her late father, including his ashes, according to burglary charges filed Tuesday.
Twins from Toronto were Canada's top two female finishers at this year's Boston Marathon
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.