Despite a year of economic blows, the cost of rent in Victoria has continued to soar.
Compared to 2019, the price of a one-bedroom apartment has jumped 8.6 per cent and the price of a two-bedroom has leapt 15.1 per cent, according to PadMapper’s rent report.
The average price of a one bedroom is now $1,650 and a two bedroom sits at $1,910. This places Victoria as the fourth most expensive rental market in Canada, with Toronto in first, Vancouver is second and Burnaby in third.
Month over month, Victoria’s November one-bedroom rentals didn’t change in price, while two bedrooms dropped by 3.5 per cent.
The most affordable rentals in Canada in November were in St John’s, Newfoundland, and Regina and Saskatoon, Saskatchewan.
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