A recent study from Yahoo Finance reports rent prices have skyrocketed across the province since an April 2021 pandemic low.
According to Rentals.ca, rent for a 1-bedroom unit in Canada has jumped 30% in the last three years – from $1,414 per month 2021 to $1,849 per month in June 2024.
The worst offender in the country is Burnaby, whose average one bedroom rentals have gone up over 53% in that time from $1,656 a month to $2,543.
Vancouver still holds the highest rent prices in Canada, a one bedroom unit costs a monthly average of $2,724.
Prince George was not included in the Rentals.ca data, however, according to statistics posted on the City of Prince George’s website, the average rent was $976 a month in 2021.
As of June 2024, according to Zumper.com’s Rental Market statistics, a one bedroom rental unit costs $1,316 a month in Prince George – a four bedroom costs $2,535.
That would leave Prince George as number 33 of 35 on Rental.ca’s list of most expensive cities to rent, between Regina and Fort MacMurray.
Something going on in the Prince George area you think people should know about?
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