{
  "id": "asking-rent-2-bedroom",
  "category": "Cost of living",
  "title": "Average asking rent for a two-bedroom apartment listed for rent",
  "geography": "Victoria census metropolitan area (Greater Victoria)",
  "scope": "region",
  "levels": [
    "Market (private landlords)",
    "Provincial rules on rent increases"
  ],
  "plain_question": "What does a two-bedroom apartment advertised for rent cost per month?",
  "value": 2640.0,
  "display_value": "$2,640",
  "unit": "dollars per month (average asking rent)",
  "period": "Q2 2026 (April to June 2026)",
  "period_start": "2026-04-01",
  "period_end": "2026-04-28",
  "comparison": {
    "previous_period": "Q2 2025",
    "previous_value": 2710.0,
    "change_percent": -2.6
  },
  "trend": "roughly_flat",
  "trend_basis": "$2,640 in Q2 2026 compared with $2,710 in Q2 2025 (same quarter a year earlier, -2.6%).",
  "direction_good": "down",
  "right_direction": "A lower number means apartments advertised for rent cost less.",
  "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.",
    "Statistics Canada labels these as experimental estimates. Asking rents come from rental listings; they show what someone looking for a place today is asked to pay, not what current tenants pay.",
    "This is a different measure from CMHC's average rent, which covers all tenants in purpose-built rental buildings surveyed each October. Asking rents are usually higher.",
    "Listings include different kinds of apartments (purpose-built and condos), so the mix of listings can move the average.",
    "Quarterly figures can be revised. The area is the Victoria census metropolitan area, which is larger than the City of Victoria."
  ],
  "series": [
    {
      "period": "Q2 2019",
      "value": 1890.0
    },
    {
      "period": "Q2 2020",
      "value": 1920.0
    },
    {
      "period": "Q2 2021",
      "value": 2080.0
    },
    {
      "period": "Q2 2022",
      "value": 2630.0
    },
    {
      "period": "Q2 2023",
      "value": 2600.0
    },
    {
      "period": "Q2 2024",
      "value": 2760.0
    },
    {
      "period": "Q2 2025",
      "value": 2710.0
    },
    {
      "period": "Q2 2026",
      "value": 2640.0
    }
  ],
  "series_note": "Same quarter (Q2) each year",
  "refresh_frequency": "Quarterly",
  "data_published": "2026-09-09",
  "source": {
    "name": "Statistics Canada, Quarterly rent statistics (asking rents, experimental estimates)",
    "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610009201",
    "dataset_url": "https://open.canada.ca/data/en/dataset/064d9f22-74a2-4d1c-99da-8c5d7bca789c",
    "table_url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610009201",
    "table": "46-10-0092-01",
    "publisher_page": "https://www150.statcan.gc.ca/n1/en/catalogue/4610009201",
    "locator": "Statistics Canada table 46-10-0092-01: Victoria, two-bedroom, Q2 2026"
  },
  "licence": {
    "name": "Open Government Licence - Canada",
    "url": "https://open.canada.ca/en/open-government-licence-canada"
  },
  "attribution": "Adapted from Statistics Canada, table 46-10-0092-01. This does not constitute an endorsement by Statistics Canada of this product.",
  "retrieved_at": "2026-11-12T04:01:17Z",
  "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": "The change is 2.6% of the earlier value, below the 5% threshold.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "Q2 2025",
      "value": 2710.0,
      "text": "vs Q2 2025: -2.6%"
    },
    "five_year": {
      "period": "Q2 2021",
      "value": 2080.0,
      "comparable": true,
      "text": "vs Q2 2021: +26.9%"
    }
  },
  "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": "same",
    "label": "About the same this year. Worse over 5 years.",
    "arrow": "▼",
    "rel": -2.6,
    "delta": null,
    "vs": "Q2 2025",
    "cur": "Q2 2026 (April to June 2026)",
    "why": "The change is 2.6% of the earlier value, below the 5% threshold. Over 5 years (since Q2 2021) the change is 26.9% of the earlier value, at or above the 5% threshold, so the label also says Worse over 5 years.",
    "change": "2.6%",
    "one_year": "−2.6%",
    "five": {
      "period": "Q2 2021",
      "comparable": true,
      "rel": 26.923076923076923,
      "text": "+26.9%",
      "years": 5
    },
    "label_one_year": "About the same",
    "long_key": "worse",
    "long_label": "Worse over 5 years"
  },
  "decided_by": [
    {
      "body": "NONE",
      "name": "No government decides this directly",
      "note": "Landlords set the rent for a new tenancy."
    },
    {
      "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": "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": "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
    }
  ],
  "main_decision_maker": "No government decides this directly"
}