BRENDA O’FARRELL
The 1019 Report
Vaudreuil-Dorion is among the Top 5 fastest-growing rental markets in Canada, according to the latest statistics released by Rentals.ca.
The largest municipality in the Vaudreuil-Soulanges region saw 7.6-per-cent growth in its rental market, meaning it saw a jump in the number of units added to the market, according to the Rentals.ca’s August report. It came in behind Kingston, Ont., which saw the largest growth, at 12.3 per cent; Saskatoon, which posted a 9.7-per-cent uptick; Stratford, Ont., which experienced a 9-per-cent increase; and St. Albert, Alberta, which saw its rental market jump by 8.6 per cent.
According to the 2021 federal census, about 35 per cent of the 16,715 private homes in Vaudreuil-Dorion at that time were either condos or apartments.
Rental.ca compiles data from its national rental listings data base in collaboration with Urbanization, a Toronto-based real estate research firm.
In terms of the cost of rents, the report, released Aug. 8, pointed to a downward trend in the price of rentals currently on the market, with an overall slip of 3.6 per cent in July compared with this time last year, according to the report.
This trend did have a few outliers, with only two Quebec municipalities listed as seeing average rents going up — Westmount and Pointe Claire.
See RENTS, Page x.
RENTS: Pointe Claire has most expensive rentals
From Page 1
The average price of leasing an apartment or condo in Pointe Claire in July was $2,227, up slightly from $2,207 recorded in April, the report found. Westmount was the most expensive market in the province, where asking rents in July averaged $2,563 per month. The highest monthly rents were being sought in North Vancouver, where the average was $3,043. Neither Montreal, nor Vaudreuil-Dorion made the Top 25 list of municipalities with the highest rents.
The lowest average rent was recorded in Lloydminster, Alberta, at $1,203. The lowest in Quebec was found in Quebec City, where the average rent was pegged at $1,595.
The overall average rent for the Greater Montreal region in July was $1,971, which represents a 1.6-per-cent decline from the same time last year. The overall average rent for the Montreal region in July was $256 per month lower than in Pointe Claire, a difference of slightly under 13 per cent.