Victoria has the fourth most expensive rental market, according to PadMapper’s November 2020 rent report. (THE CANADIAN PRESS/Nathan Denette)

Victoria has the fourth most expensive rental market, according to PadMapper’s November 2020 rent report. (THE CANADIAN PRESS/Nathan Denette)

Cost to rent a Victoria two bedroom up 15 per cent from 2019

PadMapper’s latest rent report shows Victoria prices continue to soar

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.

READ ALSO: Victoria’s median asking rent for one-bedroom hits $1,600

READ ALSO: Coming months will reveal fate of Greater Victoria’s rental market

READ ALSO: Greater Victoria has Canada’s sixth-highest ‘moving penalty’


 

Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

Greater VictoriaRental accommodationrental marketRentalsVictoria

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Saanich has awarded the tender for a youth bike skills park planned for the lot next to the George Tripp BC Hydro Substation off Lochside Drive to Bike Track Ltd. for $242,000. (Black Press Media file photo)
Saanich selects company to build youth bike skills track at Tripp Station Park

More than $240,000 allotted for Bike Track Ltd. to design bike park

Victoria police are warning people of a continued rise in cybercrime. (AP Photo/Jenny Kane)
Victoria police warn of rising cybercrime called spear phishing

Fraudsters continue to trick people out of large sums of money

The purchase of 27 acres in the Millstream Creek watershed by The Land Conservancy and other partners will protect a sensitive ecosystem in the Highlands. (Photo contributed by The Land Conservancy)
Provincial land conservancy lays out $600,000 for Highlands property

Anonymous donor helps buy purchased 11.1 hectares of Coastal Douglas-fir ecosystem

Colin Springford doing what he loved best, tending to his garden. (Linda Matteson photo)
Longtime farmer Colin Springford dies at age 75

‘He will be deeply missed, always loved and never forgotten’

A pinniped was attacked by an unseen predator off the shores of Dallas Road Monday night. (Courtesy of Steffani Cameron)
VIDEO: Seal hunting, not being hunted in video shot off Dallas Road

Victoria woman captures footage of pinniped activity off Dallas Road

A woman writes a message on a memorial mural wall by street artist James “Smokey Devil” Hardy during a memorial to remember victims of illicit drug overdose deaths on International Overdose Awareness Day, in the Downtown Eastside of Vancouver, on Monday, August 31, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. paramedics respond to record-breaking number of overdose calls in 2020

On the front lines, COVID-19 has not only led to more calls, but increased the complexity

(Thesendboys/Instagram)
Video of man doing backflip off Vancouver bridge draws police condemnation

Group says in Instagram story that they ‘don’t do it for the clout’

The RCMP are reminding drivers to find alternative ways home if they have consumed anything that impairs their ability to drive. (Black Press file photo)
Impaired Island driver flees road check twice on the same night

The officer issued the driver numerous violation tickets, and a four-month driving suspension

Inspection of bridge crossing on a B.C. forest service road. (B.C. Forest Practices Board)
B.C. falling behind in maintenance of forest service roads

Auditor finds nearly half of bridges overdue for repair

An Atlantic salmon is seen during a Department of Fisheries and Oceans fish health audit at a fish farm near Campbell River, B.C. in 2018. Mowi Canada has applied to the Federal Court of Canada for a judicial review of the decision by Fisheries Minister Bernadette Jordan to phase out salmon farming in the Discovery Islands by June, 2022. (Canadian Press/Jonathan Hayward photo)
Major B.C. salmon farms seek court intervention in Discovery Islands ban

Fisheries minister is phasing out operations in the area by June 2022

(Black Press Media files)
Woman steals bottles of wine after brandishing stun baton in New Westminster

Police say the female suspect was wearing a beige trench coat with fur lining

Toronto’s Mass Vaccination Clinic is shown on Sunday January 17, 2021. THE CANADIAN PRESS/Frank Gunn
Canadian malls, conference centres, hotels offer up space for COVID vaccination centres

Commercial real estate association REALPAC said that a similar initiative was seeing success in the U.K.

Kamala Harris and Joe Biden are sworn into office on Wednesday, Jan. 20, 2021, at the U.S. Capitol in Washington, D.C. (Saul Loeb/Pool Photo via AP)
Joe Biden has been sworn in as the 46th president of the United States

About 25,000 National Guard members have been dispatched to Washington

The objectives of the Vancouver Island Down Syndrome Society include peer support for parents and caregivers, as well as developing support services, projects, educational and employment opportunities for people with Down Syndrome. Photo supplied.
Vancouver Island Down Syndrome Society offers support for families in the community

New non-profit seeking directors in cities across Vancouver Island

Most Read