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Greater Victoria one-bedroom rental will cost you $1,700 a month

Average rate for July one-bedroom rentals up 8.7 per cent over June
An aerial view over downtown Victoria and the Inner Harbour. In July 2021, the average monthly cost of a one-bedroom rental in Greater Victoria was $1,756, according to (Black Press Media file photo)

Greater Victoria is home to the fourth most expensive rentals in Canada and the second most expensive in B.C., according to July data from a national rentals site. says the price of an average one-bedroom rental in the region last month was $1,756, a leap of 8.7 per cent over June and 11.6 per cent over July 2020. The average two-bedroom sat at $2,103, a smaller increase of two per cent over the previous month and 4.6 per cent over the previous year.

The three regions ahead of Greater Victoria were Vancouver at $2,185, Toronto at $1,855 and Etobicoke – a suburb of Toronto – at $1,802, for one-bedroom rentals. The cheapest three areas for one-bedrooms were Red Deer at $901, St. John’s at $887 and Lloydminster at $721. Overall, the average one-bedroom rental price in July in Canada was $1,396, found.

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In B.C., the average rent for all property types in July was $2,175, $206 over June’s $1,969. It was the highest provincial average, followed by $2,024 in Ontario, $1,637 in Quebec, $1,380 in Manitoba, $1,272 in Alberta, and $1,018 in Saskatchewan. Every province experienced year over year average increases except Ontario and Quebec, which each decreased by a handful of dollars.

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