Victoria is a high-cost rental market. Build your budget from official housing data and current quotes, not one universal monthly number. Updated August 2026.
Rent in Victoria
CMHC reported a 3.3% vacancy rate in Victoria’s purpose-built rental market in 2025 and an average two-bedroom rent of CAD 2,120. Its detailed market table reports an overall average apartment rent of CAD 1,812 and a median of CAD 1,767. These are 2025 benchmarks, not a 2026 promise for any specific unit.
Official budget benchmarks
| Item | Benchmark |
|---|---|
| Purpose-built two-bedroom rent, 2025 | CAD 2,120 |
| Adult 30-day BC Transit pass | CAD 85 |
| Single transit ride | CAD 3 |
| B.C. provincial tax on first CAD 50,363 | 5.60% in 2026 |
BC Transit lists the current fare products. Compare a pass with your actual parking, insurance, fuel and maintenance costs.
Food and take-home pay
There is no official grocery budget that fits every Victoria household. Build a weekly basket from the stores you use and review it after a month. Statistics Canada’s Food Price Data Hub provides national price context. B.C. provincial tax is only one part of payroll deductions; federal tax, CPP, EI and credits also matter.
Practical planning
- Compare three rentals and all extra charges.
- Choose transit or car costs for your commute.
- Keep a reserve for deposits and moving.
Sources: CMHC; BC Transit; Province of B.C.; Statistics Canada.
Alex Wang is a financial content researcher and writer at Canada Tax Hub.
He focuses on researching Canadian taxes, cost of living, personal finance, and everyday financial topics to help readers better understand money-related information in Canada.
Alex creates educational content by analyzing publicly available information from reliable sources, including government resources and financial publications.
His goal is to make complex financial topics easier to understand through clear explanations, practical guides, and useful tools.
All content is created for educational purposes and should not be considered professional tax or financial advice.