Sean McVay is adding even more hardware to his growing collection this year.
Source: NYPOST
M
General
Montreal rent is up from last year — but it’s still way cheaper than Toronto
<img src="https://www.mtlblog.com/media-library/a-rent-sign-outside-a-montreal-apartment.jpg?id=51411988&width=1500&height=2000&coordinates=337%2C0%2C338%2C0"/><br/><br/><p><strong></strong>As we ring in the new year, renters across Montreal may notice a slight bump in their cost of living.</p><p>While the price of rent across the country has gone down over the past month, <a href="https://www.zumperrentals.com/blog/rental-price-data-canada/" target="_blank">Zumper's January 2025 Canadian Rent Report</a> reveals that Montreal is close to becoming one of Canada's 10 most expensive cities to rent an apartment in.</p><p>According to the new index published on Thursday, Vancouver, Toronto and Burnaby remain the three most expensive cities in Canada, but all saw their rents decline both monthly and annually.</p><p>Montreal, on the other hand, experienced a 2.9% annual increase in the price of one-bedroom apartments and a 3.7% increase for two-bedroom units over the past year. Thankfully, the changes have been gradual, with one-bedroom rents holding steady since December, and two-bedroom rents actually dipping by 0.9% over the last month.</p><p>This keeps Montreal ranked 11th, sandwiched between Kitchener and London, Ontario. It's also worth noting that a two-bedroom in Montreal remains cheaper than the median one-bedroom in Toronto.</p><p>Meanwhile, Quebec City recorded the largest monthly rent drop in the country, with one-bedroom prices falling by 6%. However, Quebec's capital also saw the highest rent increase on two-bedroom units this month, with a 5.1% jump.</p><p>With that in mind, here's a breakdown of what rent costs in Montreal and every other city that ranks higher on the list.</p><h3>Median rent for one-bedroom apartments</h3><br/><ol> <li><strong>Vancouver, BC</strong>: $2,550 (-1.9% M/M, -5.6% Y/Y)</li> <li><strong>Toronto, ON</strong>: $2,380 (-0.4% M/M, -4.8% Y/Y)</li> <li><strong>Burnaby, BC</strong>: $2,330 (-1.3% M/M, -6.4% Y/Y)</li> <li><strong>Victoria, BC</strong>: $2,070 (-1.4% M/M, +2.5% Y/Y)</li> <li><strong>Ottawa, ON</strong>: $1,990 (-0.5% M/M, +2.1% Y/Y)</li> <li><strong>Barrie, ON</strong>: $1,960 (-1.0% M/M, +12.0% Y/Y)</li> <li><strong>Halifax, NS</strong>: $1,930 (-5.9% M/M, -3.5% Y/Y)</li> <li value="7"><strong>Kelowna, BC</strong>: $1,930 (+0.5% M/M, -0.5% Y/Y)</li> <li value="9"><strong>Oshawa, ON</strong>: $1,790 (-0.6% M/M, -3.8% Y/Y)</li> <li><strong>Kitchener, ON</strong>: $1,770 (-1.7% M/M, -8.3% Y/Y)</li> <li><strong>Montreal, QC</strong>: $1,750 (0.0% M/M, +2.9% Y/Y)</li> </ol><h3>Median rent for two-bedroom apartments</h3><br/><ol> <li><strong>Vancouver, BC</strong>: $3,460 (-1.1% M/M, -10.4% Y/Y)</li> <li><strong>Toronto, ON</strong>: $2,950 (-1.7% M/M, -8.7% Y/Y)</li> <li><strong>Burnaby, BC</strong>: $2,900 (-1.7% M/M, -9.4% Y/Y)</li> <li><strong>Victoria, BC</strong>: $2,760 (-1.1% M/M, +1.1% Y/Y)</li> <li><strong>Ottawa, ON</strong>: $2,400 (0.0% M/M, 0.0% Y/Y)</li> <li value="5"><strong>Halifax, NS</strong>: $2,400 (-5.1% M/M, -7.0% Y/Y)</li> <li value="7"><strong>Montreal, QC</strong>: $2,250 (-0.9% M/M, +3.7% Y/Y)</li> </ol>