How does renting in Kitchener Waterloo compare to other Ontario cities?

renting in KW

I was out showing houses today with some newcomers to Canada. They are currently renting a small apartment in Kitchener and they don’t like it. They don’t like anything about it, but it was the best they could do when they arrived. Among other things, they were complaining about how expensive it is to rent.

I’m not so sure.

I’ve been a homeowner now in Waterloo for fourteen years. Before that, we rented for a year – just like my newcomer clients are doing – giving ourselves a year to get grounded, learn about schools, homes and neighbourhoods. It was a good plan. It worked.

I was tempted to write as a next sentence, “the price of homes has more or less doubled (more) in the past 14 years but rents haven’t doubled”. But then I remembered, wages haven’t doubled either.

Ok forget that idea. Renting is renting a necessary step along the way. A good place to rent is hard to find. So how does Kitchener Waterloo rank amongst other Ontario cities in terms of rental rates?

Here is a handy chart.

Bachelor1 Bedroom2 Bedroom3+ Bedroom
Barrie7319861,1181,305
Brantford648782855946
Guelph6748689881,146
Hamilton5927929591,173
Kingston6628881,0701,411
Kitchener6678159751,106
London5867679431,111
Niagara Region5867458921,014
Oshawa7248851,0101,153
Ottawa7809361,1321,415
Peterborough6388039521,149
Sudbury5777449271,059
Thunder Bay5747388881,099
Toronto8961,0671,2511,458
Windsor518664798912

 

Source

Written By
More from Keith
The private home seller
I met a private home seller the other day. I was out...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *