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The average rent listing prices in Victoria and Nanaimo have risen from May 2023, though Nanaimo saw a slight dip from the month before, according to a new report.Rentals.ca shows prices in Victoria for a one-bedroom apartment rose 2.6 per cent in May from the month prior and six per cent from May 2023. The average listing price is now $2,168.
Zumper’s report shows similar increases with one-bedroom units seeing a 3.8 per cent rise from the month prior and 9.5 per cent from May 2023 for a cost of $2,180. Two-bedroom units increased 4.1 per cent from April and 9.9 per cent from May 2023, listing at an average of $2,780. A two-bedroom unit lists at an average of $2,175 which is the same as the month before and a three per cent increase from May 2023.Sign up for the CHEK Now daily email newsletter to get breaking news and the day's top stories sent to your email.According to Rentals.ca, listings for all units across the country rose by an average of 9.3 per cent, with an average of $2,202 year-over-year.
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