Asking rent for a 2-bedroom
$2,640 a month
About the same this year (−2.6%, within ±5%). 26.9% Worse over 5 years.
Down 2.6% in a year. Up 27% since Apr–Jun 2021.
Experimental estimate from rental listings
Who decides what
No government decides this directly · 3 other bodies Show all
No government decides this directly. Landlords set the rent for a new tenancy.
| Body | What it decides | Law or bylaw | Last decision | Next decision |
|---|---|---|---|---|
| Municipal councils of Greater Victoria (13) | Each council decides zoning and approves new housing in its own area. | Local Government Act, s. 479 | ||
| 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 | |
| Government of Canada and Parliament | Finances and insures housing loans through Canada Mortgage and Housing Corporation. | National Housing Act, s. 3 |
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).
No government decides this directly; the rows list who decides the rules around it. 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
Over time
Apr–Jun 2026 A month, by quarter
- $2,640 a month
M municipal election: Oct 15, 2022P provincial election: Oct 19, 2024F federal election: Sep 20, 2021; Apr 28, 2025
Ticks on the top edge mark general election days for the governments listed under “Who decides what”; the main decision-maker’s are shown first. Results often lag decisions by years. About these ticks
Apr–Jun 2026 A month, by quarter
- $2,640 a month
M municipal election: Oct 15, 2022P provincial election: Oct 24, 2020; Oct 19, 2024F federal election: Oct 21, 2019; Sep 20, 2021; Apr 28, 2025
Ticks on the top edge mark general election days for the governments listed under “Who decides what”; the main decision-maker’s are shown first. Results often lag decisions by years. About these ticks
Show the numbers as a table
| Period | Value |
|---|---|
| Apr–Jun 2026 | $2,640 |
| Apr–Jun 2025 | $2,710 |
| Apr–Jun 2024 | $2,760 |
| Apr–Jun 2023 | $2,600 |
| Apr–Jun 2022 | $2,630 |
| Apr–Jun 2021 | $2,080 |
| Apr–Jun 2020 | $1,920 |
| Apr–Jun 2019 | $1,890 |
In plain words
The average monthly rent asked in listings for two-bedroom apartments in Greater Victoria, by quarter, from Statistics Canada’s experimental quarterly rent statistics.
How we decide “About the same this year. Worse over 5 years.”
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.
A lower number means apartments advertised for rent cost less. $2,640 in Q2 2026 compared with $2,710 in Q2 2025 (same quarter a year earlier, -2.6%).
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.
Keep in mind
Why it matters. It shows what someone looking for a home today is asked to pay, which is usually more than what current tenants pay.
- 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.
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
How the agency describes it: Victoria census metropolitan area (Greater Victoria).
How we got it
This number is published by the agency as shown; it is not calculated here. The script reads it from the agency’s own file.
Licence and credits
Published under an open licence: anyone may reuse it with credit. About licences.
- Updated by agency
- Quarterly; latest release Sep 9, 2026
- Retrieved
- Nov 11, 2026, 9:01 PM B.C. time
Adapted from Statistics Canada, table 46-10-0092-01. This does not constitute an endorsement by Statistics Canada of this product.
Spot a mistake?
Email [email protected]. Fixes are listed in the corrections log.