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April Rental Statistics

As of April 2025, the Greater Victoria area continues to experience an upward trajectory in its rental market. The combination of population growth, economic development, and ongoing housing supply challenges sustain the increasing rental prices across the region. This report provides an overview of current rental rates, recent trends, and notable variances across different neighborhoods.

Average Rent by Area

The following table presents the average monthly rent for various regions within the Greater Victoria area as of April 2025:

Region	Average Rent (1-Bedroom)	Average Rent (2-Bedroom)
Victoria	$1,900	$2,600
Saanich	$1,900	$2,500
Esquimalt	$1,800	$2,800
Oak Bay	$2,050	$3,000
Sidney	$1,700	$2,395
Langford	$1,900	$2,700
Colwood	$1,900	$2,700

Note: All figures are approximate and can vary based on specific neighborhoods, property types, and amenities.

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Yearly Comparison:

Victoria:
The average 1-bedroom rent increased from $1,875 in April 2024 to $1,905 in April 2025, a rise of approximately 1.6%.

Saanich:
Average 1-bedroom rent grew from $1,800 to $1,900, representing an increase of about 5.6%.

Esquimalt:
The 1-bedroom rent increased from $1,700 to $1,800, a growth of roughly 5.9%.

Oak Bay:
Average 1-bedroom rent went up from $2,015 to $2,050, an increase of about 1.7%.

Sidney:
The 1-bedroom rent rose from $1,600 to $1,700, a jump of approximately 6.2%.

Langford:
Average 1-bedroom rent increased from $1,800 to $1,900, reflecting a growth of around 5.6%.

Colwood:
The 1-bedroom rent grew from $1,455 to $1,470, a modest increase of about 1.4%.

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These statistics highlight a steady upward trend in rental prices across Greater Victoria over the past year, with Sidney and Saanich experiencing the most significant percentage increases. The region continues to see gradual rent growth driven by strong demand and limited new supply

Year-over-Year Comparison (April 2024 vs April 2025)

Region	Apr 2024 Rent (1-Bedroom)	Apr 2025 Rent (1-Bedroom)	Yearly Change
Victoria	$1,875	$1,905	+1.60%
Saanich	$1,800	$1,900	+5.56%
Esquimalt	$1,700	$1,800	+5.88%
Oak Bay	$2,015	$2,050	+1.74%
Sidney	$1,600	$1,700	+6.25%
Langford	$1,800	$1,900	+5.56%
Colwood	$1,800	$1,900	+5.56%

Note: Percentages are approximate and reflect general trends across the region.

General Observations: April 2025 continues the trend of gradually increasing rental prices throughout Greater Victoria. Key factors contributing to this persistent growth include:

• Population Growth: The region’s appeal, combined with remote work options, continues to draw new residents.
• Employment Opportunities: Expansion in sectors such as technology, healthcare, and tourism sustains housing demand.
• Housing Supply Constraints: Zoning restrictions, construction delays, and limited new developments keep rental options tight, pushing prices upward.

Looking ahead, the rental market in Greater Victoria is expected to maintain its modest upward momentum. Renters should anticipate continued price increases, especially in central urban areas, while more affordable options may still be available in outer suburbs like Colwood and Langford.

Stakeholders—landlords, tenants, and policymakers—must stay informed and adaptable to these evolving market conditions to navigate the ongoing rental landscape effectively.