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

Get your smile on, Free Smile Day is coming up

Two dental clinics in View Royal and Sooke are offering free services on Monday

Parents grieving teen’s overdose death say it started with opioid prescription

Elliot Eurchuk, 16, died at his Oak Bay home Friday, after taking street drugs

Westshore Towing helps keep West Shore resident on the road

A car fire left Dany Mickel without a vehicle

Coast Collective highlights the world through the eyes of local children

Annual Earth Day show meet the artists reception this Saturday

Ready for day two at the Home Expo

One exhibitor, Atlas Junk Removal, uses their trucks for a good cause

VIDEO: Moose found licking salt off B.C. man’s pickup truck

Tab Baker was in his garage in Prince George when the small moose gave his truck a clean

B.C. student makes short-list for autism advocacy award

Brody Butts honoured for his role as a mentor and self-advocate

Austin Powers ‘Mini-Me’, Verne Troyer, dies at 49

Facebook page confirmed his death Saturday afternoon

Alberta man dead after snowmobile collision on B.C. mountain

The incident occurred on Boulder Mountain Friday morning

16 of 20 fastest improving B.C. schools are public: Fraser Institute

Independent elementary schools remain at top of the chart in think tank’s annual report card

Dinosaurs taking centre stage at National Geographic event

NatGeo Live series finale May 2 at the Royal features renowned paleontologist

UPDATED: 1 person dead after highway crash in Nanoose Bay

Accident happened just before 4 p.m. near Hillview Road

NAFTA: Talks continue through weekend in scramble to get a deal

Foreign Affairs Minister Chrystia Freeland called negotiations ‘perpetual’

Pulp mill fined $900,000 for leaking effluent into B.C. lake

Mackenzie Pulp Mill pleaded guilty to depositing deleterious substance into water frequented by fish

Most Read