Five months after New Westminster cracked the list of the 10 priciest places in Canada to rent an apartment, rents are still climbing.
In September 2022, a national rental report by Rentals.ca ranked New West as one of the 10 most expensive places to rent in Canada, with an average rent of $1,953 for a one-bedroom and $2,212 for a two-bedroom.
Though New Westminster isn’t officially ranked in this month’s Rentals.ca rent report, an examination of the current listings in the city shows rents in New West haven’t gone down since — in fact, quite the opposite.
A survey of 14 available one-bedroom rentals shows prices ranging from $1,945 per month to $2,433 per month, for an average of $2,070.50 per month.
For two-bedrooms, six available units range from $2,600 to $3,295 in price, for an average of $2,781.50.
Three studio apartments, meanwhile, average out to $1,851 per month.
Rents in New Westminster still compare favourably to our neighbours across 10th Avenue, however. According to Rentals.ca, Burnaby once again held the third-highest rental averages nationally in February, with a one-bedroom unit sitting at $2,403 per month and a two-bedroom at just under $3,100.
The cheapest rent in New Westminster right now, as per the listings? $600 per month for a room in an eight-bedroom, three-bathroom home on Hamilton Street.
The most expensive? $6,000 per month for a three-bedroom home on Salter Street in Queensborough.
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