For the first time in Canada’s history, renters have outnumbered homeowners among one-person households, marking a significant shift driven by rising housing costs and evolving lifestyles.
Solo renters now account for 50.4% of one-person households nationwide, reflecting a trend that touches nearly every demographic and geographic corner of the country.
According to a report by Point2Homes, in 2021, 4.4 million Canadians lived alone, a figure that has doubled since 1991. Renters represent 33.4% of all households, the highest percentage ever recorded in Canada, according to the data.
Among these, solo renters—who make up a majority in one-person households—are reshaping the nation’s housing landscape. In major cities like Toronto, Vancouver, and Ottawa, more than half of one-person households are renters. Montreal stands out with an impressive 74% of solo renters compared to 26% solo homeowners.
Victoria ranks 6th in Canada for the number of solo renters. At least 16,000 individuals in the city live alone and rent, representing 68% of one-person households—one of the highest shares nationwide.
According to the report, Victoria ranked as one of the top rental markets in BC and Canada, thanks to its coastal charm, walkable neighbourhoods, and vibrant cultural scene—offering renters both independence and a high quality of life.
The city’s strong appeal extends across age groups, though it is particularly popular with younger adults and working professionals who are drawn to its job opportunities and lifestyle amenities.
While renting alone has long been associated with young Millennials in most cities, it is boomers aged 65 and older who are driving the largest growth. This demographic now comprises one-third of the solo rental market across Canada.
In Victoria, seniors are also a key part of the rental landscape, although the city surprisingly did not make the top 20 for solo renters aged 65 and older. Despite this, many seniors in Victoria are downsizing or seeking fewer responsibilities, making renting an attractive option.
Gen Z is also making its mark on the solo rental market, particularly in university hubs. While Kelowna, has a significant share of young solo renters under 24, Victoria’s youthful population—bolstered by institutions like the University of Victoria—contributes to the city’s dynamic rental market.
BC's urban centres, especially Vancouver and Victoria, are driving this demographic shift, with 66% and 68% of one-person households renting, respectively. Across BC, nearly 40% of solo renters aged 65+ live in cities like Maple Ridge, Delta, and Chilliwack.
Victoria’s housing landscape is a microcosm of the national trend towards solo renting. Rising home prices, a preference for flexibility, and shifting life circumstances are key drivers.
Victoria’s housing market mirrors the national shift towards solo renting, driven by rising home prices, flexibility, and changing life circumstances.
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