A new rental listing is either sa国际传媒渃ute and cozysa国际传媒� or itsa国际传媒檚 a sa国际传媒済lorified shedsa国际传媒� depending on who you are asking.

The posting on a Craigslist showcases a bachelor unit sa国际传媒� also known as a garden or studio suite sa国际传媒� in Saanich that is near the University of Victoria.

Itsa国际传媒檚 just 300 square feet but is being listed for $1,600 sa国际传媒� the cost of many older full-sized one-bedroom apartments in the Greater Victoria region.

sa国际传媒淚tsa国际传媒檚 a glorified shed,sa国际传媒� said Connor, a local resident who doesnsa国际传媒檛 want their last name used because of an active attempt to find a rental and a desire not to alienat potential landlords. sa国际传媒淚tsa国际传媒檚 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.

sa国际传媒淗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 sa国际传媒楤oomerang Generationsa国际传媒� moving back in with the parents or the sa国际传媒楻oommate Generationsa国际传媒� splitting rent as itsa国际传媒檚 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,sa国际传媒� 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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