Fort St. John continues to rank high when it comes to rental costs, coming in second in the province according to a report, behind only ultra-expensive Vancouver.
On Monday, the Canada Mortgage and Housing Corporation released a bi-annual report detailing rental prices across Canada.
The Energetic City’s average rent for private apartment units this spring was $1,013 per month. Vancouver’s average rent was $1,121.
For bachelor and one-bedroom apartments, the average price in Fort St. John was $751 and $879, respectively. Two-bedrooms were $1,111, and more than three bedroom apartments went for $1,155 per month.
But don’t expect rents to come down any time soon, according to city councillor and Fort St. John realtor Trevor Bolin. He explained that as landlords incur higher costs, such as gas bills, Hydro bills and property taxes, rents tend to increase.
“As landlords are incurring these costs, they’re passing them on with the rent increases,” he said.
Fort St. John had a vacancy rate of four per cent in the same period, ranking it 11th out of 27 cities in the province.
The city with the highest vacancy rate was Fort St. John’s neighbour to the south, Dawson Creek, which had a vacancy rate of 8.9 per cent. The lowest cities were Nelson and Squamish, which were tied with vacancy rates of 1.6 per cent respectively.