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Rental prices up slightly in Oshawa to begin 2020

Average cost of one bedroom unit in city is $1,290

According to a report from PadMapper, the average price of a one-bedroom apartment in the city last month was $1,290 – a 0.8 per cent increase from December.

However, this represents a 7.5 per cent jump from the same time last year.

The average cost of a two-bedroom apartment in Oshawa was up 1.4 per cent to $1,500, also a 7.9 per cent jump from 2018.

The report, which reviews hundreds of listings across 24 of Canada’s largest cities, places Oshawa as the 10th most expensive market (tied with Hamilton), up from 11th in December.

The most expensive market for a one-bedroom is Toronto at an average price of $2,390, a 1.8 per cent increase from January 2019.

Renters will pay the most for a two-bedroom in Vancouver at $3,000, down one per cent from the previous year.

St. John’s, Nfld. remains the cheapest option for both a one-bedroom ($810) and two-bedroom ($860).