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

Victoria Police warn pedestrians of cougar roaming near downtown

Police are warning pedestrians about an adult cougar roaming near downtown Victoria, telling them to avoid the area this morning. Victoria Police say on social media the cougar was spotted near Jutland Road and Dunedin Street, near the Victoria waterfront and north of the downtown core.

Victoria Police warn pedestrians of cougar roaming near downtown

Charges stayed against teen brothers in shooting that left one dead, two injured

The Crown has stayed charges against two teenage brothers in a Calgary shooting that left one man dead and two others injured last week. A 14-year-old boy, who cannot be named under the Youth Criminal Justice Act, had been charged with one count of first-degree murder and two counts of attempted murder.

Charges stayed against teen brothers in shooting that left one dead, two injured

Canadians to get update on federal finances, new housing measures in budget update

Finance Minister Chrystia Freeland is set to present the traditional fall update on Canada's finances — a fiscal blueprint that's expected to include measures aimed at getting more homes built. A senior government official, whom The Canadian Press is not naming because they were not authorized to share details publicly, confirmed Monday that several housing policies would be part of Tuesday's fiscal update.

Canadians to get update on federal finances, new housing measures in budget update

Ibrahim Ali's lawyers call no evidence in B.C. murder trial

Ibrahim Ali's lawyers have told the jury in his first-degree murder trial they will not be calling any evidence in defence of allegations he sexually assaulted and killed a 13-year-old girl in Burnaby, B.C.

Ibrahim Ali's lawyers call no evidence in B.C. murder trial

Canada awaiting news of possible deal between Israel, Hamas to release hostages: Joly

The temporary ceasefire deal could bring the first pause in fighting in a devastating six-week war. The conflict started Oct. 7 when Hamas militants killed an estimated 1,200 people in Israel and captured roughly 240 hostages.

Canada awaiting news of possible deal between Israel, Hamas to release hostages: Joly

1 in hospital in Langley shooting

At approximately 7:30 this morning, Langley RCMP received reports of shots heard in the 20100 block of 84 Avenue. Police located an individual at the scene suffering from what is believed to be a gunshot wound.