National rankings of median rents based on listings compiled by PadMapper, a listings site for available rental units. (Image courtesy of PadMapper)

Victoria rental prices declining, according to national listing website

The median price of a one-bedroom suite dropped almost five per cent in December

Victoria’s rental market could be showing signs of cooling, according to a report by an apartment rental listing website.

According to Pad Mapper, a rental listings service that plots locations on a map, the median price of Victoria’s one-bedroom apartments fell 4.7 per cent in December to $1,210, although we’re still the fifth-most expensive city in which to rent in the country.

Median rents for a one-bedroom unit in Vancouver, listed as most expensive Canadian city, also dropped, 4.3 per cent to $1,990 for one-bedroom units, and 3.1 per cent to $3,100 for two-bedroom suites.

Year-over-year, however, rents jumped more than 10 per cent in six of the top 10 markets, with the largest spikes seen in the top four cities. Toronto ranked second highest at $1,970 for a one bedroom, while Barrie, Ont. and Montreal tied for third at $1,270 for the same housing type.

Rental prices in Kitchener, St. Catherines and Quebec City also increased on average, while those in Hamilton, Kingston and Saskatoon dropped.

lauren.boothby@vicnews.com

Just Posted

Well-versed in national competition, trio heads to B.C. Summer Games

The three will be representing Zone 6 in boys field lacrosse

Beach Boys’ Brian Wilson set to hit Rock the Shores stage

Other acts include Bahamas, Allen Stone and Bedouin Soundclash

Canada men’s sevens team hoping for a top eight finish

Captain Harry Jones hopes to inspire rugby youth

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Jacklin Road reopens

The section of road has been closed for five months

REPLAY: B.C.’s best video this week

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

LOCAL FLAVOUR: South Island expecting a bumper berry crop

It’s berry time in Saanich. My raspberries are getting plump and ripe… Continue reading

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Most Read