{
  "id": "rent-after-inflation",
  "parent": "average-rent-2-bedroom",
  "category": "Cost of living",
  "title": "Rent for a two-bedroom apartment after inflation",
  "geography": "Victoria census metropolitan area (rent); Victoria consumer price index area (prices)",
  "scope": "region",
  "levels": [
    "Market (private landlords)",
    "Provincial rules on rent increases"
  ],
  "plain_question": "Has rent risen faster than prices in general?",
  "value": 44.0,
  "display_value": "+44%",
  "unit": "change in rent after inflation, 2015 to 2025",
  "period": "October 2015 to October 2025 surveys",
  "period_start": "2015-01-01",
  "period_end": "2025-12-31",
  "comparison": {
    "previous_period": "2024",
    "previous_value": 2047,
    "change_percent": 3.9
  },
  "since_text": "Rent +89%, prices +31% (2015 to 2025)",
  "trend": "worsening",
  "trend_basis": "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.",
  "direction_good": "down",
  "right_direction": "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.",
  "caveats": [
    "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."
  ],
  "charts": [
    {
      "title": "Average two-bedroom rent, as charged and in 2025 dollars",
      "fmt": "money",
      "unit": "a month",
      "lines": [
        {
          "name": "Rent as charged",
          "series": [
            {
              "period": "2010",
              "value": 1023.0
            },
            {
              "period": "2011",
              "value": 1045.0
            },
            {
              "period": "2012",
              "value": 1059.0
            },
            {
              "period": "2013",
              "value": 1065.0
            },
            {
              "period": "2014",
              "value": 1095.0
            },
            {
              "period": "2015",
              "value": 1127.0
            },
            {
              "period": "2016",
              "value": 1187.0
            },
            {
              "period": "2017",
              "value": 1288.0
            },
            {
              "period": "2018",
              "value": 1413.0
            },
            {
              "period": "2019",
              "value": 1452.0
            },
            {
              "period": "2020",
              "value": 1514.0
            },
            {
              "period": "2021",
              "value": 1578.0
            },
            {
              "period": "2022",
              "value": 1706.0
            },
            {
              "period": "2023",
              "value": 1847.0
            },
            {
              "period": "2024",
              "value": 2001.0
            },
            {
              "period": "2025",
              "value": 2127.0
            }
          ]
        },
        {
          "name": "Rent in 2025 dollars (after inflation)",
          "series": [
            {
              "period": "2010",
              "value": 1406
            },
            {
              "period": "2011",
              "value": 1406
            },
            {
              "period": "2012",
              "value": 1410
            },
            {
              "period": "2013",
              "value": 1423
            },
            {
              "period": "2014",
              "value": 1451
            },
            {
              "period": "2015",
              "value": 1477
            },
            {
              "period": "2016",
              "value": 1528
            },
            {
              "period": "2017",
              "value": 1627
            },
            {
              "period": "2018",
              "value": 1744
            },
            {
              "period": "2019",
              "value": 1749
            },
            {
              "period": "2020",
              "value": 1804
            },
            {
              "period": "2021",
              "value": 1835
            },
            {
              "period": "2022",
              "value": 1855
            },
            {
              "period": "2023",
              "value": 1937
            },
            {
              "period": "2024",
              "value": 2047
            },
            {
              "period": "2025",
              "value": 2127
            }
          ]
        }
      ]
    }
  ],
  "calc": {
    "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.",
    "steps": [
      "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": [
      {
        "name": "Average rent, two-bedroom apartments in buildings of six or more units, Victoria",
        "agency": "CMHC, published by Statistics Canada",
        "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410013301",
        "dataset_url": "https://open.canada.ca/data/en/dataset/1146388b-a150-4e70-98ec-eb40cb9083c8",
        "table": "34-10-0133-01",
        "period": "2010 to 2025",
        "data_published": "2025-12-17",
        "licence": {
          "name": "CMHC Licence Agreement for the Use of Data",
          "url": "https://www.cmhc-schl.gc.ca/about-us/terms-conditions/hmip-terms-conditions",
          "also_listed_as": {
            "name": "Open Government Licence - Canada",
            "url": "https://open.canada.ca/en/open-government-licence-canada"
          }
        },
        "attribution": "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."
      },
      {
        "name": "Consumer Price Index, all items, annual average, Victoria",
        "agency": "Statistics Canada",
        "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501",
        "dataset_url": "https://open.canada.ca/data/en/dataset/4be5f92b-8546-4e76-ad98-bcf9d4b8aeed",
        "table": "18-10-0005-01",
        "period": "2010 to 2025",
        "data_published": "2026-01-19",
        "licence": {
          "name": "Open Government Licence - Canada",
          "url": "https://open.canada.ca/en/open-government-licence-canada"
        },
        "attribution": "Adapted from Statistics Canada, table 18-10-0005-01. This does not constitute an endorsement by Statistics Canada of this product."
      }
    ]
  },
  "refresh_frequency": "Annually (rent survey in October, published in December)",
  "source": {
    "name": "Calculated here from CMHC, published by Statistics Canada and Statistics Canada data",
    "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410013301",
    "dataset_url": "https://open.canada.ca/data/en/dataset/1146388b-a150-4e70-98ec-eb40cb9083c8"
  },
  "licence": {
    "name": "CMHC Licence Agreement for the Use of Data",
    "url": "https://www.cmhc-schl.gc.ca/about-us/terms-conditions/hmip-terms-conditions",
    "also_listed_as": {
      "name": "Open Government Licence - Canada",
      "url": "https://open.canada.ca/en/open-government-licence-canada"
    }
  },
  "derived": true,
  "retrieved_at": "2026-11-11T07:38:57Z",
  "data_published": "2026-01-19",
  "attribution": "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.",
  "series": [
    {
      "period": "2010",
      "value": 1023.0
    },
    {
      "period": "2011",
      "value": 1045.0
    },
    {
      "period": "2012",
      "value": 1059.0
    },
    {
      "period": "2013",
      "value": 1065.0
    },
    {
      "period": "2014",
      "value": 1095.0
    },
    {
      "period": "2015",
      "value": 1127.0
    },
    {
      "period": "2016",
      "value": 1187.0
    },
    {
      "period": "2017",
      "value": 1288.0
    },
    {
      "period": "2018",
      "value": 1413.0
    },
    {
      "period": "2019",
      "value": 1452.0
    },
    {
      "period": "2020",
      "value": 1514.0
    },
    {
      "period": "2021",
      "value": 1578.0
    },
    {
      "period": "2022",
      "value": 1706.0
    },
    {
      "period": "2023",
      "value": 1847.0
    },
    {
      "period": "2024",
      "value": 2001.0
    },
    {
      "period": "2025",
      "value": 2127.0
    }
  ]
}