Two rental monitoring reports show that rent for a one-bedroom apartment in Victoria is about the same in April from the month before.
Rentals.ca, whose report is done with Urbanation, says rent for a one-bedroom was down 0.1 per cent from the month before, with an average cost of $2,005. However, this is a 7.3 per cent increase from the year prior.
Meanwhile, Zumper shows rent in Victoria at $2,000 which is the same as the month before, and a 9.3 per cent increase from April 2022.
Two-bedroom apartments is where the two reports differ.
Rentals.ca has the average cost for a two-bedroom at $2,604, a 2.4 per cent increase from the month before and 4.8 per cent decrease from the year before.
Zumper lists the price at $2,500, which is a 1.6 per cent decrease from the month before and five per cent increase from April 2022.
For one-bedroom apartments, this places Victoria in the 12th most expensive out of 35 cities surveyed by Rentals.ca, and fourth out of 23 cities surveyed by Zumper.
Both reports have Vancouver in the most expensive spot, followed by Toronto then Burnaby. Almost all of the cities on the Rentals.ca report between Burnaby and Victoria are not cities that Zumper reports on. The only exception is Barrie, Ont., which Zumper places in the sixth spot, and Rentals.ca places one spot above Victoria at 11th.
Nationally, Rentals.ca says prices overall are up 20 per cent since the pandemic low in April 2021, and “effectively unchanged” from April 2022.
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