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Tuesday, October 15, 2019
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Home News Rent prices see slight drop in Fort St. John from a year...

Rent prices see slight drop in Fort St. John from a year ago

FORT ST. JOHN, B.C. – Rent prices have seen a slight drop in Fort St. John according to numbers released by Housing Market Information.

Average rent in B.C. is currently sitting at $1,099.00 which is up by 5.5%.

In Fort St. John, a Bachelor was $769.00 in October of last year. This year, it currently sits at $682.00. A 1 Bedroom was $906.00 a month in 2015 and so far in 2016, it sits at $809.00. A 2 Bedroom was $1,126.00 in 2015 and $1,057.00 in 2016. 3 Bedroom + was $1,163.00 in 2015 and $1098.00 in 2016. The average was $1,031.00 in 2015 and the average this year is $962.00.

Below are the average rent prices in B.C. based on type of dwelling:

  • A Bachelor suite averages $925.00 a month
  • A 1 Bedroom averages $1,054.00 a month
  • A 2 Bedroom averages $1,215.00 a month
  • 3 or more Bedrooms averages $1,379.00 a month

“The B.C. average apartment vacancy rate was 1.3 per cent in October 2016, which is up up slightly from a year ago, as most centres in southern B.C. recorded fewer vacancies while northern B.C. rental markets had an increase in vacancies reflecting a softening in rental demand and increased supply in some centres.

Several of the centres reporting higher vacancy rates compared to October 2015 were located in central or northern British Columbia including Dawson Creek, and Fort St. John. In these areas, the impacts of low oil prices and related energy sector slowdowns may have had a greater impact on employment and, in turn, rental demand.”

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