Rent after inflation
+43% in 10 years, after inflation
Related limit only. A target exists for a nearby measure, not for this one, so no gap is shown. Targets and comparisons
Source: CMHC and Statistics Canada (calculated here). We read it on Nov 11, 2026.
Over time
Average two-bedroom rent, as charged and in 2025 dollars
2025 A month, by year
- Rent as charged $2,120
- Rent in 2025 dollars (after inflation) $2,120
M municipal election: Oct 15, 2022P provincial election: Oct 24, 2020; Oct 19, 2024F federal election: Sep 20, 2021; Apr 28, 2025
Average two-bedroom rent, as charged and in 2025 dollars
2025 A month, by year
- Rent as charged $2,120
- Rent in 2025 dollars (after inflation) $2,120
M municipal election: Oct 20, 2018; Oct 15, 2022P provincial election: May 9, 2017; Oct 24, 2020; Oct 19, 2024F federal election: Oct 19, 2015; Oct 21, 2019; Sep 20, 2021; Apr 28, 2025
Average two-bedroom rent, as charged and in 2025 dollars
2025 A month, by year
- Rent as charged $2,120
- Rent in 2025 dollars (after inflation) $2,120
M municipal election: Nov 19, 2011; Nov 15, 2014; Oct 20, 2018; Oct 15, 2022P provincial election: May 17, 2005; May 12, 2009; May 14, 2013; May 9, 2017; Oct 24, 2020; Oct 19, 2024F federal election: Jan 23, 2006; Oct 14, 2008; May 2, 2011; Oct 19, 2015; Oct 21, 2019; Sep 20, 2021; Apr 28, 2025Local elections before 2011 are not marked.
Average two-bedroom rent, as charged and in 2025 dollars
2025 A month, by year
- Rent as charged $2,120
- Rent in 2025 dollars (after inflation) $2,120
M municipal election: Nov 19, 2011; Nov 15, 2014; Oct 20, 2018; Oct 15, 2022P provincial election: May 28, 1996; May 16, 2001; May 17, 2005; May 12, 2009; May 14, 2013; May 9, 2017; Oct 24, 2020; Oct 19, 2024F federal election: Jun 2, 1997; Nov 27, 2000; Jun 28, 2004; Jan 23, 2006; Oct 14, 2008; May 2, 2011; Oct 19, 2015; Oct 21, 2019; Sep 20, 2021; Apr 28, 2025Local elections before 2011 are not marked.
More charts (1)
Rent and median family income, as charged and received, 2000 = 100
2023 Index, by year
- Average two-bedroom rent 251.6
- Median family income 220.7
M municipal election: Nov 19, 2011; Nov 15, 2014; Oct 20, 2018; Oct 15, 2022P provincial election: May 16, 2001; May 17, 2005; May 12, 2009; May 14, 2013; May 9, 2017; Oct 24, 2020F federal election: Nov 27, 2000; Jun 28, 2004; Jan 23, 2006; Oct 14, 2008; May 2, 2011; Oct 19, 2015; Oct 21, 2019; Sep 20, 2021Local elections before 2011 are not marked.
Targets and comparisons
Legal limit for sitting tenants, not drawn
This page shows the same average two-bedroom rent after inflation, so it carries that measure’s target line. The line below comes from that page.
See: Rent for a 2-bedroom.
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.
Source: Rent increases (Residential Tenancy Branch), Province of B.C., page updated August 27, 2026. Area: British Columbia. Updated: Yearly (limit announced each fall). Licence: Public document, not under an open licence. Quoted with attribution.
Show the numbers as a table
| Period | Rent as charged | Rent in 2025 dollars (after inflation) |
|---|---|---|
| 2025 | $2,120 | $2,120 |
| 2024 | $1,993 | $2,039 |
| 2023 | $1,839 | $1,928 |
| 2022 | $1,699 | $1,848 |
| 2021 | $1,571 | $1,827 |
| 2020 | $1,507 | $1,796 |
| 2019 | $1,448 | $1,744 |
| 2018 | $1,406 | $1,735 |
| 2017 | $1,288 | $1,627 |
| 2016 | $1,188 | $1,530 |
| 2015 | $1,128 | $1,478 |
| 2014 | $1,095 | $1,451 |
| 2013 | $1,068 | $1,427 |
| 2012 | $1,059 | $1,410 |
| 2011 | $1,045 | $1,406 |
| 2010 | $1,024 | $1,407 |
| 2009 | $1,001 | $1,390 |
| 2008 | $965 | $1,341 |
| 2007 | $907 | $1,284 |
| 2006 | $874 | $1,252 |
| 2005 | $837 | $1,217 |
| 2004 | $799 | $1,187 |
| 2003 | $789 | $1,200 |
| 2002 | $771 | $1,198 |
| 2001 | $751 | $1,198 |
| 2000 | $731 | $1,181 |
| 1999 | $728 | $1,195 |
| 1998 | $722 | $1,197 |
| 1997 | $724 | $1,203 |
| 1996 | $717 | $1,203 |
| 1995 | $715 | $1,212 |
| Period | Average two-bedroom rent | Median family income |
|---|---|---|
| 2023 | 251.6 | 220.7 |
| 2022 | 232.4 | 206.4 |
| 2021 | 214.9 | 201.8 |
| 2020 | 206.2 | 193.7 |
| 2019 | 198.1 | 183.6 |
| 2018 | 192.3 | 178.0 |
| 2017 | 176.2 | 172.6 |
| 2016 | 162.5 | 165.6 |
| 2015 | 154.3 | 162.4 |
| 2014 | 149.8 | 156.6 |
| 2013 | 146.1 | 153.1 |
| 2012 | 144.9 | 147.8 |
| 2011 | 143.0 | 143.8 |
| 2010 | 140.1 | 141.0 |
| 2009 | 136.9 | 141.0 |
| 2008 | 132.0 | 141.0 |
| 2007 | 124.1 | 135.4 |
| 2006 | 119.6 | 129.5 |
| 2005 | 114.5 | 121.2 |
| 2004 | 109.3 | 116.3 |
| 2003 | 107.9 | 111.8 |
| 2002 | 105.5 | 109.4 |
| 2001 | 102.7 | 106.0 |
| 2000 | 100.0 | 100.0 |
Who decides
Province of B.C. Limits rent increases during a tenancy. The yearly limit is set by regulation. Residential Tenancy Act, s. 43
Show the 2 other bodies and the laws
| Body | What it decides | Law or bylaw | Last decision | Next decision |
|---|---|---|---|---|
| Province of B.C. | Limits rent increases during a tenancy. The yearly limit is set by regulation. | Residential Tenancy Act, s. 43 | 2027 limit set at 2.2%, announced August 27, 2026 | |
| Municipal councils of Greater Victoria (13) | Each council decides zoning and approves new housing in its own area. | Local Government Act, s. 479 | ||
| Government of Canada and Parliament | Finances and insures housing loans through Canada Mortgage and Housing Corporation. | National Housing Act, s. 3 |
No government decides this directly. Landlords set rents within these rules.
Councils: last general local election October 17, 2026; next on October 19, 2030, the third Saturday of October set by the Local Government Act, s. 52. Province: last general election October 19, 2024; next set for October 21, 2028 unless called earlier (Constitution Act, s. 23). Canada: last general election April 28, 2025; next set for October 15, 2029 unless called earlier (Canada Elections Act, s. 56.1).
Each row says what a body decides and links to the law, order or bylaw that gives it that role. It does not say who caused a change: markets, households and other governments also move these numbers. Who decides what, for every measure · How we choose
What this number does not show
- Calculated here. Rent is CMHC's October average for two-bedroom apartments in purpose-built buildings of three or more units (CMHC's headline figure); prices are Statistics Canada's annual average consumer price index for Victoria.
One more limit
- The two areas are close but not identical: rent covers the Victoria metropolitan area; the price index samples prices in the Victoria urban area.
Not measured yet in cost of living: rent in basement suites, rented condos and houses. See all 17 gaps
In plain words
Up 43% since 2015. Up 22% since 2019. In the latest year: up 4.0% after inflation, from $2,039 in 2024 to $2,120 in 2025 (rent in 2025 dollars).
How much the average two-bedroom rent has risen beyond the general rise in prices. Rent for each year is converted into today’s dollars using Victoria’s consumer price index.
How we decide “Worse”
The figure in the headline changed 43.4% between 2015 and 2025 (rent in 2025 dollars), at or above the 5% threshold.
A lower number means rent is rising more slowly than prices in general. The label judges the headline: rent after inflation in 2025 compared with 2015. In 2025 dollars, the average two-bedroom rent went from $2,039 in 2024 to $2,120 in 2025 (+4.0% after inflation). Over ten years (2015 to 2025) rent rose 87.9% while prices rose 31.0%, so after allowing for inflation, rent was 43.4% higher in 2025 than in 2015. Over five years (2020 to 2025): +18.0% after inflation.
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. The rule.
All notes on this number
Why it matters. Rents always go up in dollars. This shows whether they went up faster than everything else, which is what squeezes household budgets.
- Calculated here. Rent is CMHC's October average for two-bedroom apartments in purpose-built buildings of three or more units (CMHC's headline figure); prices are Statistics Canada's annual average consumer price index for Victoria.
- The two areas are close but not identical: rent covers the Victoria metropolitan area; the price index samples prices in the Victoria urban area.
- After inflation means rent compared with prices in general. Against incomes: from 2019 to 2023, the average two-bedroom rent rose 27% ($1,448 to $1,839) and the median total income of all census families in Victoria rose 20% ($101,320 to $121,850). Income is from tax returns; 2023 is the latest year in the income table, so the comparison ends there.
- Average rent mixes long-time tenants with new tenants. People moving today usually pay more.
- The chart starts in 1995: Statistics Canada changed how city price indexes are calculated in January 1995, so earlier years are not converted. Statistics Canada also notes that the rent survey area is redrawn every five years to follow the latest census.
Which places
Area: Greater Victoria (CMA)
Statistics Canada’s Victoria metropolitan area: 13 municipalities plus nearby electoral-area and reserve lands.
Included
- Victoria
- Saanich
- Oak Bay
- Esquimalt
- View Royal
- Langford
- Colwood
- Highlands
- Metchosin
- Sooke
- Central Saanich
- North Saanich
- Sidney
- Juan de Fuca electoral area, part 1 (for example East Sooke, Jordan River and Shirley)
- First Nations reserves: Cole Bay 3, Union Bay 4, East Saanich 2, South Saanich 1, Becher Bay 1, Esquimalt, New Songhees 1A and T'Sou-ke
Not included
- Salt Spring Island
- Southern Gulf Islands (Galiano, Mayne, Pender and Saturna islands)
- Port Renfrew area (Juan de Fuca electoral area, part 2)
Official definition
Shown for comparison
- Comparison area: Victoria area (price index) Statistics Canada’s consumer price index for Victoria: prices collected in the Victoria urban area, not the City alone.
How the agency describes it: Victoria census metropolitan area (rent); Victoria consumer price index area (prices).
How we calculated it
Calculated here This figure is not published by an agency as is. It is calculated here, by script, from the public data listed below. It belongs with Rent for a 2-bedroom.
Formula
Rent in 2025 dollars = rent in year × (price index 2025 ÷ price index in that year). Change after inflation = rent in 2025 dollars, 2025 ÷ same for 2015 − 1.
With the latest numbers
- Price index for Victoria (2002 = 100): 118.6 in 2015, 155.4 in 2025 (+31.0%).
- Average rent: $1,128 in 2015, $2,120 in 2025 (+87.9%).
- 2015 rent in 2025 dollars: $1,128 × 155.4 ÷ 118.6 = $1,478.
- $2,120 ÷ $1,478 − 1 = +43.4%.
- Rent against income, 2019 to 2023: rent $1,839 ÷ $1,448 − 1 = +27.0%; income $121,850 ÷ $101,320 − 1 = +20.3%.
Inputs
Average rent, two-bedroom apartments in buildings of three or more units, Victoria
- Published by
- CMHC, published by Statistics Canada
- Period used
- 1995 to 2025
- Licence
- CMHC Licence Agreement for the Use of Data; also listed as Open Government Licence - Canada
- Latest release
- Dec 17, 2025
Consumer Price Index, all items, annual average, Victoria
- Published by
- Statistics Canada
- Period used
- 1995 to 2025
- Latest release
- Jan 19, 2026
Median total income, all census families, Victoria
- Published by
- Statistics Canada
- Period used
- 2000 to 2023
- Latest release
- Jul 18, 2025
Keep in mind
- Calculated here. Rent is CMHC's October average for two-bedroom apartments in purpose-built buildings of three or more units (CMHC's headline figure); prices are Statistics Canada's annual average consumer price index for Victoria.
- The two areas are close but not identical: rent covers the Victoria metropolitan area; the price index samples prices in the Victoria urban area.
- After inflation means rent compared with prices in general. Against incomes: from 2019 to 2023, the average two-bedroom rent rose 27% ($1,448 to $1,839) and the median total income of all census families in Victoria rose 20% ($101,320 to $121,850). Income is from tax returns; 2023 is the latest year in the income table, so the comparison ends there.
- Average rent mixes long-time tenants with new tenants. People moving today usually pay more.
- The chart starts in 1995: Statistics Canada changed how city price indexes are calculated in January 1995, so earlier years are not converted. Statistics Canada also notes that the rent survey area is redrawn every five years to follow the latest census.
Retrieved Nov 11, 2026, 9:00 PM B.C. time. This page’s data and calculation (JSON).
Licence and credits
Published under an open licence: anyone may reuse it with credit. About licences.
Calculated here from public data; see “How we calculated it”.
- Calculated here from
- CMHC, published by Statistics Canada, Statistics Canada
- Licences
- CMHC Licence Agreement for the Use of Data; also listed as Open Government Licence - Canada; Open Government Licence - Canada
- Period
- October 2015 to October 2025 surveys
- Updated
- Annually (rent survey in October, published in December)
- Retrieved
- Nov 11, 2026, 9:00 PM B.C. time
- Details
- Formula and every input
Adapted from Canada Mortgage and Housing Corporation, Rental Market Survey. 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. Adapted from Statistics Canada, table 18-10-0005-01. This does not constitute an endorsement by Statistics Canada of this product. Adapted from Statistics Canada, table 11-10-0009-01. This does not constitute an endorsement by Statistics Canada of this product.
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