National

Here are some facts about British Columbia's housing market

Darpan News Desk The Canadian Press, 17 Oct, 2024 10:10 AM

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

Prev Next

MORE National ARTICLES

'We are serious': Alberta government's master plan to expand rail passenger service

The Alberta government has announced a master plan aimed at increasing passenger rail service in the province.

'We are serious': Alberta government's master plan to expand rail passenger service

Judge to decide on approving $9.5M-settlement in Stampede abuse class-action lawsuit

A Calgary judge will determine in June if he will approve a proposed settlement for complainants in a class-action lawsuit that alleged the Calgary Stampede allowed a performance school staffer to sexually abuse young boys.

Judge to decide on approving $9.5M-settlement in Stampede abuse class-action lawsuit

Alberta municipalities say proposed provincial law would create chill effect

The organization representing Alberta's cities, towns and villages says a bill that would grant the province sweeping new powers over local governments is creating an atmosphere of fear.

Alberta municipalities say proposed provincial law would create chill effect

Teachers union joins bid to have Supreme Court rule on Quebec religious symbols ban

A major Quebec teachers union says it will follow the lead of the English Montreal School Board and seek to challenge the province's secularism law before the Supreme Court of Canada.

Teachers union joins bid to have Supreme Court rule on Quebec religious symbols ban

Sikh rally in Toronto with multi-party support prompts India diplomatic rebuke

India has summoned Canada's envoy in New Delhi following a large Sikh rally in Toronto attended by all three major federal party leaders.

Sikh rally in Toronto with multi-party support prompts India diplomatic rebuke

International students will be allowed to work 24 hours a week starting in September

International students will be able to work off-campus for up to 24 hours per week starting in September, Immigration Minister Marc Miller announced Monday.