Victoria is now the third most expensive place to rent in Canada
Victoria’s tight rental housing market appears to be getting even tighter, the Capital region is now the third most expensive place in Canada to rent an apartment.
New numbers compiled by a national rental website show the median monthly rent for a one bedroom apartment in Victoria is now almost 11 hundred dollars per month, while the median rent for a two apartment is now almost 17 hundred dollars per month.
Only Toronto and Vancouver have more expensive rent.
Property management companies say the demand for rental housing is unprecedented.