Policy2.25%Prime4.45%5Y posted6.09%
BOC · Official series

V105 CITY PROFILE · BC

Victoria

Balanced/mixed · baseline updated February 2026.
Market trends →
Benchmark price$895,000 2.0%
Average 2BR rent$2,1203.3% vacancy
Estimated mortgage$4,653/mobaseline assumption
Population397.2K2021 census baseline

Market scores

Affordability28

Relative purchasing accessibility compared with local incomes.

Rental competition58

Higher scores indicate a tighter rental market.

Investment potential29

Composite yield, growth and market-balance signal.

New construction75

Recent housing construction and permit momentum.

Market activity54

Price movement and buyer-activity conditions.

Buyer demand62

Population, migration and housing-demand pressure.

Housing supply52

How closely housing supply is keeping pace with demand.

Overall score45

Combined market, affordability, supply and demand rating.

Housing economics

Price-to-rent ratio
35.18
Gross rent yield
2.84%
Payment-to-rent ratio
2.195×
Building permits
$184M
Stress-test rate
8.09%
Historical payment median
$5,266