Edmonton Ranks First in Canadian Apartment Affordability

Edmonton ranks first in apartment rent affordability among major Canadian markets, with average rents at $1,573 in early 2025, up slightly from the previous year. Strong interprovincial migration and economic opportunities have balanced the market, benefiting both renters and investors. Winnipeg also has rents under $2,000, while Vancouver and Toronto exceed $2,500, with Vancouver nearing $3,000.