Montreal rentals – The average asking rent for all Canadian properties in January was $1,714 per month down 8.7 per cent year over year. This decline is slightly worse than the average decline in the second half of 2020 of 8.5 per cent, according to Rentals.ca’s and Bullpen Research & Consulting’s latest National Rent Report.
Montreal finished 20th on the list of 35 cities for average monthly rent in January for a one-bedroom home at $1,428 and 14th for average monthly rent for a two-bedroom at $1,889.
“Prospective tenants continue to experience a market flush with choice, and have more bargaining power than they’ve had in many years.” — Matt Danison, CEO of Rentals.ca.
Year over year and monthly rental rates for a one-bedroom and two-bedroom were up in Montreal in January.
Other cities and areas in and around Montreal not included on the list were:
- Laval with average monthly rent in January for a one-bedroom home at $1,357 and average monthly rent for a two-bedroom at $1,703
- Côte-Saint-Luc with average monthly rent in January for a one-bedroom home at $1,351 and average monthly rent for a two-bedroom at $1,739
- Outremont with average monthly rent in January for a one-bedroom home at $1,245 and average monthly rent for a two-bedroom at $1,675
- Ahuntsic-Cartierville with average monthly rent in January for a one-bedroom home at $1,194 and average monthly rent for a two-bedroom at $1,413
- Mercier-Hochelaga-Maisonneuve with average monthly rent in January for a one-bedroom home at $1,011 and average monthly rent for a two-bedroom at $1,277
- Saint-Laurent with average monthly rent in January for a one-bedroom home at $994 and average monthly rent for a two-bedroom at $1,329
Montreal rents for apartments and condominium rentals remained flat year over year at $1,650 in January compared to $1,652 in January 2020. Quebec City rents for apartments and condominium rentals were down 5 per cent to $1,027 in January from $1,084 in January 2020.
Quebec City came in 33rd for average monthly rent in January for a one-bedroom home at $924 and 34th for average monthly rent for a two-bedroom home at $1,086.
Quebec average monthly rent in January was $1,601 and average rent per square foot was $2.11 for all property types.
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