Close X
Saturday, December 28, 2024
ADVT 
National

Here are some facts about British Columbia's housing market

Darpan News Desk The Canadian Press, 17 Oct, 2024 10:10 AM
  • Here are some facts about British Columbia's housing market

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation's 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association's August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

MORE National ARTICLES

No shortage when it comes to B.C. housing policies, as Eby, Rustad offer clear choice

No shortage when it comes to B.C. housing policies, as Eby, Rustad offer clear choice
David Eby's New Democrats say the housing market on its own will not deliver the homes people need, while B.C. Conservative Leader John Rustad says government is part of the problem and B.C. needs to "unleash" the potential of the private sector.

No shortage when it comes to B.C. housing policies, as Eby, Rustad offer clear choice

Canada-India tensions spark travel concerns among members of Indian diaspora

Canada-India tensions spark travel concerns among members of Indian diaspora
In September of last year, India temporarily suspended visa services for Canadian citizens after Canada said there were “credible allegations” of Indian involvement in the killing of Sikh temple leader Hardeep Singh Nijjar in British Columbia. 

Canada-India tensions spark travel concerns among members of Indian diaspora

Supreme Court won't hear spy service analyst's appeal over discrimination case

Supreme Court won't hear spy service analyst's appeal over discrimination case
The Supreme Court of Canada has refused to hear the case of a Canadian Security Intelligence Service employee who filed a discrimination lawsuit against the spy agency. In March, the Federal Court of Appeal upheld a ruling that found Sameer Ebadi should have followed the internal grievance procedures available to him. 

Supreme Court won't hear spy service analyst's appeal over discrimination case

PBO projects deficit exceeded $40B pledge, Liberals won't say if they'll meet target

PBO projects deficit exceeded $40B pledge, Liberals won't say if they'll meet target
The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday. The budget watchdog estimates in its latest economic and fiscal outlook that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

PBO projects deficit exceeded $40B pledge, Liberals won't say if they'll meet target

B.C. voters face atmospheric river with heavy rain, high winds on election day

B.C. voters face atmospheric river with heavy rain, high winds on election day
Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

B.C. voters face atmospheric river with heavy rain, high winds on election day

Indecent exposure on Nanaimo trail

Indecent exposure on Nanaimo trail
Mounties in Nanaimo are warning the public after a case of indecent exposure on a local trail. The incident took place around 1 p-m on October 15th on the Cable Bay Trail, where officers met with a 49-year-old woman who seemed to be shaken.

Indecent exposure on Nanaimo trail

PrevNext