Avg. Rent Prices Across Canada

[Jeff Gilbert]

Found this great info graphic on rentseeker.ca and thought the BP community would find it interesting much like I did.

http://www.rentseeker.ca/blog/index.php/rentseeker-ca-publishes-new-report-showing-housing-prices-across-canada-with-year-over-year-data/2394

It will show you the avg rents for cities across Canada for bachelor apartments, 1 bedrooms, 2 bedrooms and 3 bedrooms as of spring 2015.

Enjoy!

[Roy N.]

@Samuel Sedore

Obviously the CMHC data provides you with medians and averages for the areas and there will be properties both above and below the curve.  When we compile our data scraped from Kijiji, we find the deviance of the medians and average to be within 4 - 8% ... much of that noise is likely due to our sample region being a little tighter and more selective than theirs.

I particularly like to use CMHCs historical data when analyzing (aka debunking) pro forma and memoranda of offering we receive.

Even where we can command rent 10% or 15% over market, we make certain we can operated profitable at 5 - 10% below market.