Victoria rent for two-bedroom apartment increases 15 per cent in one year


Rent for a two-bedroom apartment in Victoria increased 15 per cent in the past year, with rental prices in the city continuing to be the third-highest in the country, according to Zumper.

The top seven cities saw no change in ranking, though Victoria’s rental price is only listed as $10 less than Toronto for a one-bedroom.

Zumper, a rental listing website, lists the median price for a one-bedroom in Victoria for January 2022 at $1,840, which is a 4.5 per cent increase from December 2021, and a 14.3 per cent increase since January 2021.

A two-bedroom rental is listed at $2,300, which is a 0.4 per cent decrease from December 2021, but a 15 per cent increase from January 2021.

READ MORE: Average Canadian rent prices down 8.5% from last year, but could be bottoming out: report

Rent for a one-bedroom in Windsor, Ontario increased by 18.6 per cent in the past year, which is the highest increase for one-bedrooms on Zumper’s list.

The highest increase for a two-bedroom rental is in Abbotsford at a 20 per cent increase in the past year.

Only Toronto, Edmonton, and Quebec City saw rental prices decrease since January 2021.

Laura Brougham

Recent Stories

Send us your news tips and videos!