Amrit Manhas, economic development officer with Nanaimo Economic Development Corporation, characterized the increase as moderate and well within the annual rent increase of 2.2 per cent set by the B.C. government's Rental Tenancy Branch.
Nanaimo's average cost for rental housing, including bachelor, one-, two- and three-plus bedroom dwellings now stands at $740 per month, up from $723, but that's just an overall average, she
Rental housing prices range from $574 for a bachelor suite to $1,011 for a home or apartment with three or more bedrooms, according to the most recent Canadian Mortgage and Housing Corporation
Vancouver has the highest rents of all major centres in B.C. at $1,090 per month.
Port Alberni boasts the cheapest rents at $617.
Manhas said pressure on the rental market has come from slightly improved employment for people 15-24, which allowed young people to move out on their own, and from people immigrating from overseas or attending Vancouver Island University.