Good news for investors, not so much for tenants. Figures from Padmapper.com show that average rents in Toronto rose 14% year-over-year and 2.4% since July, which translates to $2,200 for a 1-bedroom apartment; 15.6% year after year and 0.7% month after month at $2,820 for a 2 bedroom apartment. Other cities that saw double-digit increases in both apartment sizes were Ottawa, Hamilton, Kitchener, Abbotsford and Windsor, which also experienced the largest month-to-month increase (5.6% for a room) but remained the cheapest rental market ($750 monthly) 1-room apartment rentals in Vancouver experienced moderate increases of 1.5% year-over-year ($2,050) and 2.2% in a 2-room apartment ($3,230). The largest monthly decrease was in Quebec (-5.5% to $860 for a room) although rents were still 6.2% higher than the previous year. Rents decreased month after month in 10 cities, including Barrie, Victoria, Ottawa and London. Winnipeg was the only one that remained intact since July. Full details are available on the Padmapper.com blog. Are you arriving in Canada and need to rent a house while you settle down? Contact me and I will offer you the best options in the market.