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Guelph Expensive Rental

Guelph Still Amongst Most Expensive to Rent in Canada

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Guelph is listed among the priciest cities for rent in Canada, according to recent data from Rentals.ca. Last month, the average price for renting a one-bedroom apartment in Guelph was $2,023, marking a 2% rise from July 2022, and placing the city 12th in the national ranking.

A two-bedroom unit in Guelph averaged $2,396 per month in July, a decrease of 2.3% from the previous month, but a 5.9% increase from the same time in 2022.

Vancouver was identified as Canada’s most expensive rental market, with one- and two-bedroom apartments averaging monthly rents of $3,013 and $3,918, respectively.

The report from Rentals.ca reveals that the average Canadian rent hit a record high of $2,078 in July, an 8.9% annual increase, the steepest in the last three months. The 1.8% rise in average rents from June was also the most substantial monthly growth in the past eight months.

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Since July 2021, the average rent in Canada has surged 21%, equivalent to an additional $354 per month.

Rent Report Graphic August 2023
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