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Vancouver continues to be the most expensive rental market in Canada, but Toronto is closing in, according to a report on the apartment-hunting website PadMapper.com.

PadMapper says the median average June rental price of a one-bedroom apartment in Vancouver is now $1,950, an increase of 0.5 per cent from May. Meanwhile, Toronto’s average one-bedroom rental price jumped 2.3 per cent to $1,790 per month in June

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The average monthly rent for a two-bedroom unit in Vancouver is $3,150, compared to $2,300 in Toronto.

PadMapper analyzed rental data from hundreds of thousands of active listings across the country.

Saguenay, Que., where one bedroom apartments can be rented for $590 and two bedrooms for $710 per month, had the cheapest rent among the 25 metro areas listed in the PadMapper report.

Top 5 Most Expensive Rental Markets in Canada

• Vancouver – One-bedroom $1,950, two bedrooms $3,150

• Toronto – One-bedroom $1,790, two bedrooms $2,300

• Victoria – One-bedroom $1,180, two bedrooms $1,400

• Barrie, Ont. – One-bedroom $1,150, two bedrooms $1,410

• Ottawa, Ont. – One-bedroom $1,090, two bedrooms $1,300

Credit: PadMapper.com