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Rental roller-coaster: Conflicting reports have Victoria renters' heads spinning

Victoria ranks as one of Canada's most expensive rental markets, with conflicting reports on current rent costs and rankings in 2025.
This discrepancy arises because Rentals.ca shows declining rents while Zumper reports increasing rents, both based on different data and methodologies.
Rentals.ca reports a 1.5% decrease in one-bedroom rents to around $2,081 monthly, while Zumper shows a 7.9% year-over-year increase with an average of $2,160.
Zumper’s analyst Crystal Chen emphasizes using median rent to avoid extreme highs or lows and calls this period a more favourable market with move-in incentives and seasonal demand shifts.
The conflicting data suggest renters face uncertainty, but new supply and market corrections could moderate Victoria’s expensive rents over the next several years.

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Sooke News Mirror

+2 Reposted by 2 other sources

Lean Left

Rental roller-coaster: Conflicting reports have Victoria renters' heads spinning

One site shows rents for a one-bedroom in Victoria jumped 2.9%, while another shows a 1.5% decrease

3 days ago

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Victoria Buzz

Lean Left

Rent for two-bedroom units up by 7.9% in Victoria since this time last year

While one-bedrooms went up by 4.3% since last month. The post Rent for two-bedroom units up by 7.9% in Victoria since this time last year appeared first on Victoria Buzz.

3 days ago

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