A new rental listing is either 害羞草研究所渃ute and cozy害羞草研究所� or it害羞草研究所檚 a 害羞草研究所済lorified shed害羞草研究所� depending on who you are asking.

The posting on a Craigslist showcases a bachelor unit 害羞草研究所� also known as a garden or studio suite 害羞草研究所� in Saanich that is near the University of Victoria.

It害羞草研究所檚 just 300 square feet but is being listed for $1,600 害羞草研究所� the cost of many older full-sized one-bedroom apartments in the Greater Victoria region.

害羞草研究所淚t害羞草研究所檚 a glorified shed,害羞草研究所� said Connor, a local resident who doesn害羞草研究所檛 want their last name used because of an active attempt to find a rental and a desire not to alienat potential landlords. 害羞草研究所淚t害羞草研究所檚 not just how high the prices are, but the terrible kind of places being advertised.

Meanwhile, the Victoria rental housing market continues to get pricier.

According to a new report by Rentals.ca, Victoria came in 11th on its list of 35 cities for average monthly rent in May for a one-bedroom at $2,045 and ninth for average monthly rent for a two-bedroom at $2,616.

Year over year, average monthly rent in May for a one-bedroom in Victoria was up 3.4 per cent.

Vancouver once again tops the list of 35 cities for average monthly rent. In May, average monthly rent in the city for a one-bedroom home was $2,831, and average monthly rent for a two-bedroom was $3,666.

害羞草研究所淗igher rents are on the horizon with interest rates at a 22-year high, rising home prices and record immigration. Gen Z could become the 害羞草研究所楤oomerang Generation害羞草研究所� moving back in with the parents or the 害羞草研究所楻oommate Generation害羞草研究所� splitting rent as it害羞草研究所檚 unaffordable for many Canadians to pay rent on their own. Governments at all levels need to come up with creative solutions to increase housing supply,害羞草研究所� said Matt Danison, CEO of Rentals.ca Network, in a news release.

The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and municipal level.

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