As residential rental prices continue to rise in Greater Victoria, more people are looking for places they can get someone to rent.
Like an RV.
A rental ad has been posted on Facebook Marketplace that says it’s a “one-bedroom” unit, but is really just a small RV parking on a Victoria property.
The price of the rental is listed at $1,000, which could get you an actually studio apartment in Greater Victoria. The total space of the RV is just 250 square feet.
“It’s utterly depressing,” wrote a Victoria renter named Connor who posted a link to the rental ad on Facebook. “That’s a lot of money for a tiny RV.”
The poster questioned calling it a “one-bedroom” unit considering the bed is part of the open space.
This all comes as rents continue to rise across the country - including Greater Victoria.
Average asking rents in Canada “hit new heights” with a month-over-month increase of 1.5%, bringing the average asking rent to $2,149, according to Rentals.ca and Urbanation’s latest National Rent Report.
“This represents a year-over-year growth of 11.1%, pushing the annual rate of rent inflation to a nine-month high,” said the report.
Victoria came in 12th on the list for average monthly rent in September for a one-bedroom at $2,121 and $2,906 for a two-bedroom.
While most major markets across Canada experienced rent increases, there are indications that the annual rate of rent growth may be slowing. Notably, Toronto saw a deceleration in rent growth last month, potentially signalling a broader trend as the economy cools and renters face mounting affordability constraints. This shift was also evident in the rise of rental activity for shared units.
“While rent inflation in Canada remained exceptionally strong in September, most major markets experienced a slower annual rate of rent growth compared to recent months,” said Shaun Hildebrand, president of Urbanation, in a news release. “This was particularly true in Toronto, where rents grew by their slowest pace in two years.”
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