The median rent across all of Canada in November 2022 was $2,140. This figure provides a snapshot of rental market conditions nationwide at that time.
It's important to note that rent prices can vary significantly depending on the province or territory, as well as the specific city, property type, and number of bedrooms. The national median represents a central point in the vast range of rental costs observed across the country.
Rental Rates Across Canadian Regions (November 2022)
While the national median offers a general idea, looking at specific regions reveals the diverse rental landscape in Canada. For instance, some provinces and territories had median rents considerably lower or higher than the national average in November 2022.
Here's a breakdown of median rent prices for select regions:
| Province/Territory | Median Rent (Nov 2022) |
|---|---|
| Quebec | $1,450 |
| Saskatchewan | $1,300 |
| Yukon | $2,150 |
| All Canada | $2,140 |
As illustrated, regions like Saskatchewan show significantly lower median rents compared to the national figure, while Yukon's median rent was very close to the overall Canadian median. These variations are influenced by factors such as local housing supply and demand, economic conditions, population density, and access to amenities.
