Report: Renting a one-bedroom apartment in Halifax will cost you 20% more than in 2020

While the national average is down almost 9%, rents in Halifax have spiralled upward

HALIFAX, N.S. – The average price to rent a one-bedroom apartment in Halifax has gone up by 20 per cent since last January, according to a recent national rent report.

The average monthly rent for a two-bedroom apartment in Nova Scotia’s capital also saw a double-digit increase since last January, with prices increasing by 16.5 per cent.

However, a two-bedroom unit in Halifax, averaging $1,869 a month, has dropped nearly six per cent in cost since December, according to the study released by Rentals.ca and Bullpen Research and Consulting.

According to the report, Halifax is the 17th priciest market in the country, with a one-bedroom unit averaging $1,473 a month.

The numbers shown in the study are drastically different from Canada’s average, which was down nearly nine per cent… [Read More]