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.

For more news from Vancouver Island and beyond delivered daily into your inbox, please click here.

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

Just Posted

Victoria’s Royal Jubilee Hospital took in two COVID-19 patients from Northern Health as part of a provincial agreement. (Black Press Media file photo)
Victoria hospital takes in two COVID-19 patients from Northern Health

Royal Jubilee Hospital takes patients as part of provincial transport network

Island Health is expanding COVID-19 testing in Nanaimo with a new testing location at Vancouver Island University. (News Bulletin file photo)
Island Health issues apology over racist practices in health care system

Report by Mary Ellen Turpel-Lafond finds ‘widespread systemic racism against Indigenous people’

Kathy MacNeil, president and chief executive officer of Island Health, Dawn Thomas, acting deputy health minister and Island Health’s vice president, Indigenous health and diversity and Chief Don Tom of Tsartlip First Nation, stand out Saanich Peninsula Hospital Tuesday morning, when they also answered questions about a new report that “widespread systemic racism against Indigenous people” in the provincial health care system. (Island Health/Submitted)
Head of Island Health says Saanich Peninsula Hospital not part of racist guessing game

Tsartlip First Nations Chief Don Tom welcomes changes following report but promises future scrutiny

An air ambulance leaves West Coast General Hospital for a trauma centre at 9:50 p.m. on Wednesday, June 12 after a Port Alberni youth was injured in an accident on the Somass River. SUSAN QUINN PHOTO
COVID-19 outbreaks at pair of Vancouver Island Hospitals

Saanich Peninsula Hospital in Saanichton and West Coast General Hospital in Port Alberni affected

Penny Hart is calling on the community to help find her son Sean Hart who was last seen on Nov. 6 at a health institution in Saanich. (Devon Bidal/News Staff)
Search spreads for Saanich man missing from mental health facility for nearly a month

Family hopeful as possible sightings reported across Island and in Vancouver

A pickup truck was involved in an incident 9:30 p.m. Nov. 30. A witness who took the photo says the truck left the roadway, knocked over a fire hydrant before hitting a parked van and coming to rest in a yard. Photo by Michael Hack
VIDEO: Island pick-up truck takes out numerous vehicles, fire hydrant and hits house

Investigation underway after incident on the side of Campbell River street

Provincial health officer Dr. Bonnie Henry updates B.C.’s coronavirus situation at the legislature, Nov. 30, 2020. (B.C. government)
Hockey team brought COVID-19 back from Alberta, B.C. doctor says

Dr. Bonnie Henry pleads for out-of-province travel to stop

The IIO’s chief civilian director has cleared Victoria police of any wrongdoing in the Nov. 21 death of a man they had earlier arrested. (Black Press Media file photo)
Investigation clears Victoria police of wrongdoing in arrested man’s death

Police watchdog determined police action or inaction played no role in man’s death

A West Shore man has been handed two tickets for failing to wear a mask after causing a disturbance at a coffee shop in View Royal and gas station in Langford. (Black Press Media file photo)
Man ticketed twice for refusing to wear mask in same day, say West Shore RCMP

Police ask businesses to report incidences when they occur

Protesters stand in front of a truck carrying logs to the WFP Ladysmith log sort. (Cole Schisler photo)
Protesters block entrance to Western Forest Products in Ladysmith

Blockade cleared by Ladysmith RCMP around noon, December 2

B.C. Premier John Horgan on a conference call with religious leaders from his B.C. legislature office, Nov. 18, 2020, informing them in-person church services are off until further notice. (B.C. government)
B.C. tourism relief coming soon, Premier John Horgan says

Industry leaders to report on their urgent needs next week

Natalie MacMaster and Donnell Leahy are inviting audiences into their home for ‘A Celtic Family Christmas’. (Submitted)
Natalie MacMaster coming to you through Cowichan Performing Arts Centre

Here’s your chance to enjoy the famed fiddler in an online show with her husband Donnell Leahy.

Most Read