Montreal-area rent prices are up across the board, according to a new National Rent Report by Urbanation & Rentals.ca.
But nowhere on the Island are prices rising as quickly as they are in one particular residential suburb, which topped the charts when compared to rent increases across Canada.
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During April, the municipality of Côte Saint-Luc saw the fourth fastest annual rent growth in the country.
Average asking rents for all apartments and condos in Côte Saint-Luc are up 16% from a year ago, now at an average cost of $2,550 per month, according to the report.
Yikes! Thank goodness you don't live there... unless, of course... you do. Sorry, Côte Saint-Lucers.
If you're wondering how Côte Saint-Luc compares to the rest of Quebec, the province's average year-over-year increase was 9%, bringing the monthly price for an apartment or rental condo to $2,011 ($1,448 for a studio, $1,698 for a one-bedroom, $2,217 for a two-bedroom and $2,574 for a three bedroom), the report says.
In Montreal, rent prices also increased 9% overall with the average place costing $2,061 per month ($1,470 for a studio, $1,752 for a one-bedroom and $2,340 for a two-bedroom).
While the 16% rent increase in Côte Saint-Luc is significantly higher than Montreal's 9% (one bedrooms in particular were up just 6%), the discrepancy isn't quite as stark when compared to overall growth across Canadian provinces. The average increase for all Canadian provinces was 11% year-over-year, overall, and 15% for a studio apartment. The report says the average apartment or condo rental in Canada costs $2,150 per month.
In terms of rapidly rising rent costs, Côte Saint-Luc was beat out by three other places, which are speedily becoming more expensive to rent in. From less growth to more growth, those places are:
- Regina, Saskatchewan (increase of 17.6% with rents averaging $1,348),
- Waterloo, Ontario (increase of 18.7% with rents averaging $2,304),
- and Lloydminster, Alberta (increase of 26.7% with rents averaging $1,122).
Saskatchewan overtook Alberta to become the national leader in year-over-year rent growth this month, posting an 18.4% increase. However, like in the city of Lloydminster — which straddles the border with Saskatchewan — the province has a lot of room to grow before being considered expensive.
Despite rapid acceleration, Saskatchewan rents remained the lowest in the country averaging $1,300.
In Quebec, the lowest rent noted in the report could be found in Quebec City where a one-bedroom averages $1,294 per month and a two-bedroom costs $1,679 per month.
This article's cover image was used for illustrative purposes only.
Exterior shot of Montreal's iconic "roller coaster house" located on Fallbrook in Hampstead.
The main level with its "glassed in living room" at 10, pl. Fallbrook. 
The main level with its "glassed in living room" at 10, pl. Fallbrook. 
The indoor pool.
The view of the backyard from the indoor pool.
The kitchen at 10, pl. Fallbrook.
A bedroom at 10, pl. Fallbrook.
A bathroom at 10, pl. Fallbrook.
The mid-level den at 10, pl. Fallbrook.
A map and chart show the income needed to purchase a home in every province and some major cities in Canada. 
An aerial view of Powell River located in Sunshine Coast, British Columbia.
A street in Brandon, the second-largest city in Manitoba.
Traditional houses on rue de Casernes in Trois-Rivières, Quebec.
Boats on water and a windmill on hillside in Grand Etang on the famous Cabot Trail in Cape Breton, Nova Scotia.
A Topping Retreat log cabin overlooking Lake Témiscaming.Courtesy of M Real Estate.
One property on the Topping estate overlooks the rapids of the Kipawa River.Courtesy of M Real Estate.
A view of the living area of the red pine cabin from the second floor.Courtesy of M Real Estate.
A wood-burning fireplace made with river stones. Courtesy of M Real Estate.
A wraparound deck overlooking the river.Courtesy of M Real Estate.
A graph of the Canadian National Rent Index, showing rising costs and a plateau in prices over the last few months.
Average asking rent in the top 25 small and mid-sized markets as of October 2023.
A table of the average listed rent by province in November 2023.
An overhead view of Quebec City sprawl.
A graph comparing the average asking rent for roommate rentals in major Canadian cities like Vancouver, Toronto and Montreal.
The Laliberté mansion among the trees of Mount Royal during the fall.
The living room with a carved fireplace and wall of masks.
A 20-person dining room table.
A red-accented boudoir.
The home theatre with two tiers of luxury seating.
A recessed seating area on the back patio, by the outdoor fire pit.
Montreal homes in the fall.
Average asking rent for all property types in Canada.
Apartment buildings around Mount Royal.
Average listed rent by province and unit in October 2023.
A view of the house from the lake, showing the sheer cliff below.
A view of the lake from the house itself at dusk.
The screened-in veranda features an outdoor grill and seating area.
An overhead view of the home.
The main staircase features a chandelier.
The dining room.
A secondary office room.
The home's kitchen.
A view of the upstairs landing.
The main bedroom suite.
A guest bedroom painted red.
The movie theatre room.
The home's crowded exercise room.
An outdoor seating area.
A low angle view of the pool.
A view of the pool itself.
A sitting room connected to the pool.