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Richmond Is Now One of the Most-Expensive Cities In Canada For One-Bedroom

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.liv_rent found that the average percentage of people’s income that was spent on rent was about 33.9%. rent realestate realestatenews Vancouver

4:35 PM Aug 18, 2022

By region, Langley’s average of $1,716 made it the least-expensive area in Metro Vancouver for an unfurnished one-bedroom unit. Surrey was just slightly higher, while every other region saw an average of over $1,900. West Vancouver, which may surprise no one, was the most expensive place for an unfurnished one-bedroom unit, at $2,621.-bedroom units, however, both Vancouver and North Vancouver surpassed West Vancouver, at an average of $3,597 and $3,155.

Other interesting tidbits from the report include data on the average income-to-rent ratio and renter demographics.

 

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