Average Rent For One-Bedroom Apartment In Barrie Up 11 Percent Year-Over-Year: Rentals-Dot-CA
REPORT SAYS AVERAGE RENTS ACROSS CANADA WERE UP ONE PER CENT BETWEEN FEBRUARY AND MARCH
Courtesy Barrie 360 and Canadian PressPublished: Apr 13th, 2023 , files from Barrie 360
A report by Rentals-dot-ca and Urbanation says spring arrived with a highly competitive rental market, driven by a record population increase and low homeownership affordability.
The report says average rents across Canada were up one per cent between February and March, the first month-over-month increase since November.
Year-over-year, though, rents shot up 10.8 per cent.
In Barrie, according to Rentals-dot-ca, the average rent for a one-bedroom rose 1.8 per cent between February and March to $1,963 a month. This amounts to an 11 per cent increase year-over-year.
A two-bedroom apartment in Barrie was $2,496, up only 0.2 per cent between February and March, but a 21 per cent spike year-over-year.
Rent was steepest in Vancouver — where a one-bedroom home hit $2,743 a month — and cheapest in Lloydminster, Alberta, at just $820.
More information: https://rentals.ca/national-rent-report
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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