Rent after inflation
Calculated hereArea: Greater Victoria (CMA) compared with Comparison area: Victoria area (price index) October 2015 to October 2025 surveys · Where this covers · How we calculated this
+44% in 10 years, after inflation
Getting worse
Rent +89%, prices +31% (2015 to 2025)
Source: Calculated here from CMHC and Statistics Canada data, Oct 2015 to Oct 2025 surveys · How we calculated this
What it measures
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.
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.
Over time
Average two-bedroom rent, as charged and in 2025 dollars
- Rent as charged: $2,127 a month (2025)
- Rent in 2025 dollars (after inflation): $2,127 a month (2025)
How we decided “getting worse”
A lower number means rent is rising more slowly than prices in general. The status compares this year's rent after inflation with last year's. In 2025 dollars, the average two-bedroom rent went from $2,047 in 2024 to $2,127 in 2025 (+3.9% after inflation). Over ten years (2015 to 2025) rent rose 88.7% while prices rose 31.0%, so after allowing for inflation, rent was 44.0% higher in 2025 than in 2015. Over five years (2020 to 2025): +17.9% after inflation. The rules.
How we calculated this
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: $1,127 in 2015, $2,127 in 2025 (+88.7%).
- 2015 rent in 2025 dollars: $1,127 × 155.4 ÷ 118.6 = $1,477.
- $2,127 ÷ $1,477 − 1 = +44.0%.
Inputs
Average rent, two-bedroom apartments in buildings of six or more units, Victoria
- Published by
- CMHC, published by Statistics Canada
- Period used
- 2010 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
- 2010 to 2025
- Latest release
- Jan 19, 2026
Keep in mind
- Calculated here. Rent is CMHC's October average for two-bedroom apartments in purpose-built buildings of six or more units; 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. It does not compare rent with incomes.
- Average rent mixes long-time tenants with new tenants. People moving today usually pay more.
Retrieved Nov 11, 2026, 12:38 AM B.C. time. This page’s data and calculation (JSON).
Source
- 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, 12:38 AM 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.
Show the numbers as a table
| Period | Rent as charged | Rent in 2025 dollars (after inflation) |
|---|---|---|
| 2025 | $2,127 | $2,127 |
| 2024 | $2,001 | $2,047 |
| 2023 | $1,847 | $1,937 |
| 2022 | $1,706 | $1,855 |
| 2021 | $1,578 | $1,835 |
| 2020 | $1,514 | $1,804 |
| 2019 | $1,452 | $1,749 |
| 2018 | $1,413 | $1,744 |
| 2017 | $1,288 | $1,627 |
| 2016 | $1,187 | $1,528 |
| 2015 | $1,127 | $1,477 |
| 2014 | $1,095 | $1,451 |
| 2013 | $1,065 | $1,423 |
| 2012 | $1,059 | $1,410 |
| 2011 | $1,045 | $1,406 |
| 2010 | $1,023 | $1,406 |
Where this covers
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).
Connected to: Market (private landlords), Provincial rules on rent increases. This is a label, not a judgement.