Throughout 2023, the Canadian rental market witnessed consistent trends that unfolded over the course of the year. These trends included supply and demand dynamics, fluctuating rental prices, and a subject that remained at the forefront of the mainstream media and policy-maker discussions. Despite these challenges, the search for the ideal rental persevered all across the country. Our comprehensive analysis of search data has unveiled the cities that garnered the highest number of inquiries in 2023. Curious to know if your city made the list? Keep reading to find out!


10. Hamilton

At number 10 on the list, Hamilton, Ontario, positioned on Lake Ontario’s western shore, is a dynamic city with a diverse cultural scene and a rich industrial history. Known as the “Ambitious City,” it has evolved from a steel-producing centre to a hub of innovation and education, housing McMaster University. With a mix of historic and modern architecture, a thriving arts scene, and attractions like the Royal Botanical Gardens, Hamilton’s recent data reveals an average rental cost of $2,035, shedding light on the city’s evolving economic landscape.


9. Etobicoke

Taking the ninth spot on the list, Etobicoke, positioned in the western part of Toronto, Ontario, emerges as a diverse and vibrant suburban community. Recognized for its mix of residential, commercial, and industrial zones, Etobicoke strikes a balance between urban conveniences and natural surroundings. Showcasing various housing options, shopping centres, and lakeside parks along Lake Ontario, the neighbourhood stands out. As we wrap up the year, the reported average rental cost in Etobicoke for a one-bedroom unit is $2,296, providing insights into the economic dynamics of this accessible and thriving segment within the Greater Toronto Area.


8. Mississauga

Securing the eighth position on the list, Mississauga, positioned just west of Toronto, Ontario, stands out as a bustling and rapidly expanding urban centre. Boasting a diverse population, the city is celebrated for its modern infrastructure, varied business landscape, and flourishing cultural environment. Prominent features include major corporate headquarters, well-known shopping centres like Square One, and an array of recreational spaces along the Lake Ontario waterfront. Demonstrating a commitment to sustainability and community development, Mississauga showcases well-planned neighbourhoods and green initiatives. Recent data indicates that the average rental cost in Mississauga is $2,670, providing insights into the dynamic and inclusive city within the Greater Toronto Area.


7. Calgary

Calgary, Alberta, nestled in the foothills of the Canadian Rockies, stands as a vibrant city seamlessly blending urban sophistication with awe-inspiring natural surroundings. Renowned for hosting the annual Calgary Stampede, the city embraces its cowboy heritage while also serving as a dynamic economic hub. Showcasing a contemporary skyline, Calgary stands out as a major centre  for the energy industry and is home to a diverse population. The Bow River meanders through the city, offering outdoor enthusiasts opportunities for recreational activities, while the nearby Banff National Park provides a breathtaking backdrop. Our most recent data indicates that the average rental cost in Calgary is $2,081.


6. Vancouver

At sixth position on the list, Vancouver, British Columbia, nestled between the Pacific Ocean and the Coast Mountains, stands as a breathtaking metropolis celebrated for its natural beauty and dynamic cityscape. The city effortlessly blends outdoor adventures with urban sophistication, surrounded by lush greenery, notably Stanley Park, providing a haven for outdoor enthusiasts with an extensive network of trails and scenic waterfront. Vancouver’s neighbourhoods showcase a diverse cultural tapestry, each contributing its unique character and charm. Beyond its stunning scenery, the city boasts a flourishing culinary scene, multicultural festivals, and a vibrant arts community. Recent data indicates that the average rental cost in Vancouver is $3,171, shedding light on the economic landscape of this cosmopolitan gem on Canada’s west coast, where mountains meet the ocean, creating a breathtaking backdrop for daily life. Can you blame them?


5. Edmonton

Edmonton, Alberta, stands as a city with a unique blend of urban charm and natural beauty. Nestled in the heart of the province, Edmonton offers a diverse cultural experience, showcasing a rich heritage and vibrant arts scene. The city is home to iconic landmarks like the West Edmonton Mall, a shopping and entertainment behemoth. With the North Saskatchewan River flows through the city, residents and visitors alike enjoy picturesque river valley parks and outdoor recreational activities. As we wrap up the year, our data reveals that the average rental cost in Edmonton is $1,472. Edmonton offers affordable living and a welcoming city.


4. Winnipeg

Fourth spot on our list, Winnipeg, Manitoba, emerges as a city with a distinct character and cultural richness. Located at the confluence of the Red and Assiniboine Rivers, Winnipeg boasts a diverse arts scene, historical sites like The Forks, and a thriving culinary landscape. The city’s unique blend of historic architecture and modern developments reflects its evolving identity. With a commitment to sustainability and community engagement, Winnipeg features expansive green spaces like Assiniboine Park and a network of biking and walking trails along the rivers. Our recent data highlights that the average rental cost in Winnipeg is $1,536, offering a glimpse into the city’s affordable living environment and its vibrant contributions to Canada’s cultural tapestry.


3. Montréal

Securing the third position on our list, Montréal, Quebec, stands as a captivating city with a rich blend of history and modernity. Known for its vibrant arts and cultural scene, Montréal boasts iconic landmarks like Old Montréal, offering a glimpse into its colonial past with charming cobblestone streets and historic architecture. The city’s diverse neighbourhoods, each with its unique character, contribute to its dynamic ambiance. Montréal is celebrated for its culinary excellence, featuring a wide array of international cuisines and world-class restaurants. As we wrap up the year, recent data reveals that the average rental cost in Montréal is $2,048, showcasing the city’s affordability amidst its cultural richness and cosmopolitan charm.


2. Ottawa

Attaining the second spot on our list, Ottawa, Ontario, stands as a distinguished city that gracefully blends history and modernity. As the capital of Canada, Ottawa is home to iconic landmarks such as Parliament Hill, where historic architecture meets the contemporary political landscape. The city’s cultural richness is evident in its numerous museums, galleries, and events celebrating Canada’s heritage. Ottawa’s picturesque setting along the Ottawa River enhances its appeal, providing residents with scenic views and outdoor recreational opportunities. Our recent data highlights that the average rental cost in Ottawa is $2,048.


1. Toronto

Finally, taking the top spot on our list, Toronto, Ontario, stands as Canada’s premier metropolis, offering a dynamic blend of culture, commerce, and cosmopolitan living. The city’s iconic skyline, punctuated by the CN Tower, reflects its status as a major global financial and cultural hub. Toronto’s diverse neighbourhoods, each with its unique character, contribute to the city’s vibrant atmosphere. Renowned for its cultural attractions, including theatres, museums, and festivals, Toronto is a cultural melting pot that embraces diversity. Our recent data underlines that the average rental cost in Toronto is $2,913, highlighting the city’s economic prominence alongside its reputation for providing residents with a world-class urban experience.

As we conclude our exploration of the most-searched cities in 2023, the diverse tapestry of urban life emerges vividly. From Montréal’s cultural richness to Toronto’s global prominence, each city has revealed its unique charm. As we reflect on this journey, these cities collectively contribute to the rich mosaic of Canadian urban landscapes, leaving us intrigued and eager for the adventures that future searches may unveil. For more information on our rental statistics be sure to check out our Rent Report!