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
Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Deaths of 4 people on Sask. farm confirmed as murder-suicide
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
CRA no longer requiring 'bare trust' reporting in 2023 tax return
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
Full parole granted to man convicted in notorious 'McDonald's murders' in Cape Breton
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
Incident on Calgary's Reconciliation Bridge comes to safe resolution
Nearly 20 hours after a man climbed and remained perched on top of the Reconciliation Bridge in downtown Calgary, the situation came to a peaceful resolution.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
George Washington family secrets revealed by DNA from unmarked 19th century graves
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
'We won't forget': How some Muslims view Poilievre's stance on Israel-Hamas war
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.