Photo courtesy dreamstime.com

By Erika Rolling

Economy

Grande Prairie with cheapest rent out of 35 Canadian cities

Nov 21, 2022 | 11:14 AM

Out of 35 cities across Canada in October, Grande Prairie finished at the bottom on the list for average monthly rent for one and two-bedroom spaces.

According to the latest National Rent Report, rent rose 11.8 per cent across the country in October to an average of $1,976 for all property types.

Grande Prairie’s average monthly rent for a one-bedroom was $968 and $1,173 for a two-bedroom last month, being the most affordable by nearly $50 for both property types compared to the next cheapest rent on the list.

Year over year, a one-bedroom rental in Grande Prairie was up 8 per cent, for a two-bedroom it was up 9.7 per cent.

Alberta’s average on rent rose annually by 13.2 per cent to $1,412 for condo rentals and apartments in October.

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The only other city that had cheaper rent in the month of October in Alberta was Lloydminister, which was not included on the list, with one-bedroom rent at $787 and two-bedroom rent at $943 on average.