Guelph rents among highest in Canada, Kitchener not much better

The cost of renting a one-bedroom apartment in Guelph is among the highest in the country – and moving on the freeway to Kitchener isn’t going to save you much more, according to a company that offers online listings.

In its monthly rental report, says Guelph has the seventh highest rates for a bedroom with an average check-in of $ 1,714 per month in July.

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House prices in Kitchener-Waterloo fell slightly in July but still remained near the peak

Kitchener is a little further down the list as the average cost is $ 1,487 per month, which is the 18th highest in Canada.

The top three communities are said to be Vancouver with a whopping $ 2,185 per month average, Toronto with $ 1,855 per month, and Etobicoke averaging $ 1,802 per month.

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Things are a little more affordable when the focus is on two-bedroom deals, as Guelph is outside the top 10 with an average cost of $ 2,000.

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Kitchener remains more affordable as it has an average two bedroom cost of $ 1,767.

If you can work remotely and want to save some cash, you could move to Lloydminster, Alta, where the average one-bedroom cost is only $ 721, or you can get yourself for $ 834 per month opt for a two bedroom bedroom.

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“Incredibly stressful:” Why renting isn’t always a solution for those who can’t buy says that while prices have risen in the past few months and are now the national average at 1,752 per month, they are still $ 200 below their 2019 high.

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“As the country continues on its way back to normal, condominiums and two-bedroom rentals are increasing faster,” the website concluded.

“Tenants still prefer larger units, although many employees expect to work from home at least temporarily.”

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