{
  "id": "average-rent-2-bedroom",
  "category": "Housing and homelessness",
  "title": "Average rent for a two-bedroom apartment",
  "geography": "Victoria census metropolitan area (Greater Victoria), with the City of Victoria shown separately",
  "scope": "region",
  "levels": [
    "Market (private landlords)",
    "Provincial rules on rent increases"
  ],
  "plain_question": "What do tenants in a typical two-bedroom apartment pay in rent each month?",
  "value": 2120.0,
  "display_value": "$2,120",
  "unit": "dollars per month (average)",
  "period": "October 2025 survey",
  "period_start": "2025-01-01",
  "period_end": "2025-01-01",
  "comparison": {
    "previous_period": "October 2024 survey",
    "previous_value": 1993.0,
    "change_percent": 5.1,
    "change_basis": "CMHC's same-sample change (buildings surveyed in both years)",
    "level_change_percent": 6.4
  },
  "significance": {
    "significant": true,
    "text": "CMHC marks the +5.1% change as statistically significant (quality b)"
  },
  "since_text": "Up 5.1% on the same buildings (CMHC). City of Victoria $2,078, up 5.7%",
  "trend": "worsening",
  "trend_basis": "$2,120 in October 2025 compared with $1,993 in October 2024. CMHC's own estimate of the change, using only buildings surveyed in both years, is +5.1%; the change in the two averages is +6.4%, partly because new, more expensive buildings joined the survey. City of Victoria (CMHC zones 1–4): $2,078 (was $1,956), same-sample change +5.7% (quality c).",
  "direction_good": "down",
  "right_direction": "A lower number means the average monthly rent is lower.",
  "caveats": [
    "The Province’s yearly limit on rent increases applies to rent increases during a tenancy, so it protects sitting tenants (Residential Tenancy Act, s. 43: “A landlord may impose a rent increase only up to the amount” set under the Act). The asking rent is what a new tenant is asked to pay for a place listed today.",
    "This is CMHC's headline figure: the average rent paid by current tenants of two-bedroom units in purpose-built rental apartment buildings with three or more units, surveyed each October. Earlier versions of this site used the six-units-and-over series ($2,127 for 2025), which is not CMHC's headline.",
    "The change shown is CMHC's same-sample estimate: it compares only buildings surveyed in both years, so new buildings joining the survey do not push it up. The change in the two averages is larger.",
    "It is not the asking rent for a place listed today, which is usually higher; see “Asking rent for a 2-bedroom”.",
    "It does not include basement suites, condos rented out by owners, houses or small buildings.",
    "The area is the Victoria census metropolitan area, which is larger than the City of Victoria. City figures come from CMHC's zones 1 to 4, which together make up the City.",
    "The Greater Victoria line goes back to 1992, the first year of this series in Statistics Canada table 34-10-0133-01. Rents are in dollars of each year, not adjusted for inflation (see “Rent after inflation”). Statistics Canada notes that the area is redrawn every five years to follow the latest census, so years far apart are not strictly comparable."
  ],
  "charts": [
    {
      "title": "Average two-bedroom rent, private apartments (3+ units)",
      "fmt": "money",
      "unit": "a month",
      "lines": [
        {
          "name": "Greater Victoria",
          "area": "cma",
          "series": [
            {
              "period": "1992",
              "value": 684.0
            },
            {
              "period": "1993",
              "value": 703.0
            },
            {
              "period": "1994",
              "value": 713.0
            },
            {
              "period": "1995",
              "value": 715.0
            },
            {
              "period": "1996",
              "value": 717.0
            },
            {
              "period": "1997",
              "value": 724.0
            },
            {
              "period": "1998",
              "value": 722.0
            },
            {
              "period": "1999",
              "value": 728.0
            },
            {
              "period": "2000",
              "value": 731.0
            },
            {
              "period": "2001",
              "value": 751.0
            },
            {
              "period": "2002",
              "value": 771.0
            },
            {
              "period": "2003",
              "value": 789.0
            },
            {
              "period": "2004",
              "value": 799.0
            },
            {
              "period": "2005",
              "value": 837.0
            },
            {
              "period": "2006",
              "value": 874.0
            },
            {
              "period": "2007",
              "value": 907.0
            },
            {
              "period": "2008",
              "value": 965.0
            },
            {
              "period": "2009",
              "value": 1001.0
            },
            {
              "period": "2010",
              "value": 1024.0
            },
            {
              "period": "2011",
              "value": 1045.0
            },
            {
              "period": "2012",
              "value": 1059.0
            },
            {
              "period": "2013",
              "value": 1068.0
            },
            {
              "period": "2014",
              "value": 1095.0
            },
            {
              "period": "2015",
              "value": 1128.0
            },
            {
              "period": "2016",
              "value": 1188.0
            },
            {
              "period": "2017",
              "value": 1288.0
            },
            {
              "period": "2018",
              "value": 1406.0
            },
            {
              "period": "2019",
              "value": 1448.0
            },
            {
              "period": "2020",
              "value": 1507.0
            },
            {
              "period": "2021",
              "value": 1571.0
            },
            {
              "period": "2022",
              "value": 1699.0
            },
            {
              "period": "2023",
              "value": 1839.0
            },
            {
              "period": "2024",
              "value": 1993.0
            },
            {
              "period": "2025",
              "value": 2120.0
            }
          ]
        },
        {
          "name": "City of Victoria",
          "area": "city",
          "series": [
            {
              "period": "2018",
              "value": 1438.0
            },
            {
              "period": "2019",
              "value": 1464.0
            },
            {
              "period": "2020",
              "value": 1528.0
            },
            {
              "period": "2021",
              "value": 1580.0
            },
            {
              "period": "2022",
              "value": 1714.0
            },
            {
              "period": "2023",
              "value": 1833.0
            },
            {
              "period": "2024",
              "value": 1956.0
            },
            {
              "period": "2025",
              "value": 2078.0
            }
          ]
        }
      ]
    }
  ],
  "breakdown_title": "City of Victoria",
  "breakdown": [
    {
      "label": "City of Victoria (CMHC zones 1–4)",
      "value": 2078.0,
      "display_value": "$2,078 a month",
      "previous_value": 1956.0,
      "period": "October 2025",
      "detail": "Was $1,956 in October 2024. Same-sample change +5.7% (CMHC quality c)."
    }
  ],
  "series": [
    {
      "period": "1992",
      "value": 684.0
    },
    {
      "period": "1993",
      "value": 703.0
    },
    {
      "period": "1994",
      "value": 713.0
    },
    {
      "period": "1995",
      "value": 715.0
    },
    {
      "period": "1996",
      "value": 717.0
    },
    {
      "period": "1997",
      "value": 724.0
    },
    {
      "period": "1998",
      "value": 722.0
    },
    {
      "period": "1999",
      "value": 728.0
    },
    {
      "period": "2000",
      "value": 731.0
    },
    {
      "period": "2001",
      "value": 751.0
    },
    {
      "period": "2002",
      "value": 771.0
    },
    {
      "period": "2003",
      "value": 789.0
    },
    {
      "period": "2004",
      "value": 799.0
    },
    {
      "period": "2005",
      "value": 837.0
    },
    {
      "period": "2006",
      "value": 874.0
    },
    {
      "period": "2007",
      "value": 907.0
    },
    {
      "period": "2008",
      "value": 965.0
    },
    {
      "period": "2009",
      "value": 1001.0
    },
    {
      "period": "2010",
      "value": 1024.0
    },
    {
      "period": "2011",
      "value": 1045.0
    },
    {
      "period": "2012",
      "value": 1059.0
    },
    {
      "period": "2013",
      "value": 1068.0
    },
    {
      "period": "2014",
      "value": 1095.0
    },
    {
      "period": "2015",
      "value": 1128.0
    },
    {
      "period": "2016",
      "value": 1188.0
    },
    {
      "period": "2017",
      "value": 1288.0
    },
    {
      "period": "2018",
      "value": 1406.0
    },
    {
      "period": "2019",
      "value": 1448.0
    },
    {
      "period": "2020",
      "value": 1507.0
    },
    {
      "period": "2021",
      "value": 1571.0
    },
    {
      "period": "2022",
      "value": 1699.0
    },
    {
      "period": "2023",
      "value": 1839.0
    },
    {
      "period": "2024",
      "value": 1993.0
    },
    {
      "period": "2025",
      "value": 2120.0
    }
  ],
  "refresh_frequency": "Annually (survey in October, published in December)",
  "data_published": "2025-12-17",
  "source": {
    "name": "Canada Mortgage and Housing Corporation (CMHC), Rental Market Survey: 2025 Rental Market Report data table for Victoria",
    "url": "https://eppd1strscr01.blob.core.windows.net/cmhcprdcontainer/sf/project/archive/data_tables/data_tables/rental_market_report_data_tables_victoria/rmr-victoria-2025-en.xlsx",
    "dataset_url": "https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/data-tables/rental-market/rental-market-report-data-tables",
    "table_url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410013301",
    "table": "34-10-0133-01",
    "download_url": "https://eppd1strscr01.blob.core.windows.net/cmhcprdcontainer/sf/project/archive/data_tables/data_tables/rental_market_report_data_tables_victoria/rmr-victoria-2025-en.xlsx",
    "publisher_page": "https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres",
    "locator": "CMHC data table for Victoria (Excel), Table 1.1.2, Victoria CMA row, two-bedroom, October 2025; change from Table 1.1.5"
  },
  "licence": {
    "name": "CMHC Licence Agreement for the Use of Data",
    "url": "https://www.cmhc-schl.gc.ca/about-us/terms-conditions/hmip-terms-conditions",
    "also_listed_as": {
      "name": "Open Government Licence - Canada",
      "url": "https://open.canada.ca/en/open-government-licence-canada"
    },
    "note": "The open.canada.ca record lists this table under the Open Government Licence - Canada; the Statistics Canada table footnote says CMHC's licence governs. Both allow free reuse with attribution."
  },
  "attribution": "Adapted from Canada Mortgage and Housing Corporation, Rental Market Report data table, Victoria (average rent and same-sample change, two-bedroom, private apartments), October 2025. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product. Adapted from Statistics Canada, table 34-10-0133-01. This does not constitute an endorsement by Statistics Canada of this product.",
  "retrieved_at": "2026-11-12T04:01:16Z",
  "licence_type": "open",
  "source_tier": 1,
  "measure_kind": "outcome",
  "better_measure": null,
  "status_rule": {
    "rule": "One rule for every measure: a change smaller than 5% of the earlier value, or smaller than the agency's own margin of error, is “About the same”; no change is calculated across a marked break in a series; homelessness estimates, prices, staffing and comparison pages are shown for context without a label.",
    "reason": "CMHC marks the +5.1% change as statistically significant (quality b)",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "October 2024 survey",
      "value": 1993.0,
      "text": "vs Oct 2024: +5.1%"
    },
    "five_year": {
      "period": "2019",
      "years": 6,
      "value": 1448.0,
      "comparable": true,
      "text": "vs 2019: +46.4%"
    }
  },
  "direction": {
    "type": "outcome",
    "rule": "Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series.",
    "key": "worse",
    "label": "Worse",
    "arrow": "▲",
    "rel": 5.1,
    "delta": null,
    "vs": "October 2024 survey",
    "cur": "October 2025 survey",
    "why": "CMHC marks the +5.1% change as statistically significant (quality b)",
    "change": "5.1%",
    "one_year": "+5.1%",
    "five": {
      "period": "2019",
      "comparable": true,
      "rel": 46.408839779005525,
      "years": 6,
      "base_2019": true,
      "replaced": "2020",
      "text": "+46.4%"
    },
    "five_replaced": {
      "period": "2020",
      "text": "+40.7%"
    }
  },
  "benchmark": {
    "rung": 4,
    "rung_name": "Comparison only",
    "as_of": "2026-11-12",
    "items": [
      {
        "kind": "cap",
        "label": "Legal limit for sitting tenants",
        "text": "Legal limit for sitting tenants, not drawn: the Province’s yearly limit on rent increases for existing tenants was 3% in 2025 and is 2.3% in 2026 (2.2% in 2027). CMHC’s average rent covers sitting tenants and new tenancies together, and this page shows rent in dollars, not a yearly change, so the limit is not drawn.",
        "area": "British Columbia",
        "source": {
          "title": "Rent increases (Residential Tenancy Branch)",
          "publisher": "Province of B.C.",
          "date": "page updated August 27, 2026",
          "url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/rent-rtb/rent-increases",
          "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "refresh": "Yearly (limit announced each fall)",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "rtb"
        },
        "documents_checked": null
      }
    ],
    "drawn": [],
    "rule": "Highest rung found is shown; the site never sets a target. Methods, Targets."
  },
  "benchmarks": [
    {
      "rung": 2,
      "kind": "limit",
      "label": "Legal limit for sitting tenants, not drawn: the Province’s yearly limit on rent increases for existing tenants was 3% in 2025 and is 2.3% in 2026 (2.2% in 2027). CMHC’s average rent covers sitting tenants and new tenancies together, and this page shows rent in dollars, not a yearly change, so the limit is not drawn.",
      "short": null,
      "document": "rtb",
      "page": null,
      "area": "British Columbia",
      "fit": "text_only",
      "same_area": false,
      "related_reason": "Different unit, definition, period or area; written under the chart, not drawn.",
      "document_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/rent-rtb/rent-increases",
      "applies_here": false,
      "same_measure": false
    }
  ],
  "highest_rung": null,
  "decided_by": [
    {
      "body": "BC",
      "name": "Province of B.C.",
      "decides": "Limits rent increases during a tenancy. The yearly limit is set by regulation.",
      "laws": [
        {
          "key": "rta43",
          "label": "Residential Tenancy Act, s. 43",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/02078_01#section43"
        }
      ],
      "last": {
        "text": "2027 limit set at 2.2%, announced August 27, 2026",
        "label": "2027 limit set at 2.2%, announced August 27, 2026",
        "url": "https://news.gov.bc.ca/releases/2026HMA0085-000982"
      },
      "next": null
    },
    {
      "body": "MUN",
      "name": "Municipal councils of Greater Victoria (13)",
      "decides": "Each council decides zoning and approves new housing in its own area.",
      "laws": [
        {
          "key": "lga479",
          "label": "Local Government Act, s. 479",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/r15001_14#section479"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "CAN",
      "name": "Government of Canada and Parliament",
      "decides": "Finances and insures housing loans through Canada Mortgage and Housing Corporation.",
      "laws": [
        {
          "key": "nha3",
          "label": "National Housing Act, s. 3",
          "url": "https://laws-lois.justice.gc.ca/eng/acts/N-11/FullText.html"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "NONE",
      "name": "No government decides this directly",
      "note": "Landlords set rents within these rules."
    }
  ],
  "main_decision_maker": "Province of B.C.",
  "label_1y": {
    "key": "worse",
    "label": "Worse"
  },
  "label_long": {
    "key": "worse",
    "label": "Worse",
    "years": 6,
    "change": "+46.4%"
  },
  "target_line": {
    "form": 5,
    "text": "Related limit only",
    "target": null,
    "gap": null,
    "comparison": null,
    "applies_here": false,
    "note": null
  }
}