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

Suspicious fire guts B.C. elementary school, plans underway for students and teachers

Coquitlam School District 43 says in a statement to families on its website that plans are in the works to support continued learning for the school community at Hazel Trembath Elementary School in Port Coquitlam. Coquitlam RCMP say they are investigating a suspicious fire at the school, which was fully engulfed when first responders arrived at the scene early Saturday.

Suspicious fire guts B.C. elementary school, plans underway for students and teachers

New Westminster's Balvir Singh charged with stabbing

The Integrated Homicide Investigation Team says 57-year-old Balvir Singh of New Westminster was charged Saturday with second-degree murder. I-H-I-T is identifying the victim as 46-year old Kulwant Kaur of New Westminster.

New Westminster's Balvir Singh charged with stabbing

Surrey to ask court to review provincial order to stay with municipal police

The city issued a statement on Friday saying it was asking for a judicial review by the Supreme Court of British Columbia, challenging the province's "lawful authority" to impose its choice of police force without providing the funding to support such a move.

Surrey to ask court to review provincial order to stay with municipal police

No charges for Prince George cop

Prosecutors in British Columbia say they won't be charging an RCMP officer in connection with the death of an Indigenous man in Prince George in 2020. A statement from the prosecution service says that although the province's independent watchdog said there were reasonable grounds to believe the officer may have committed an offence, the evidence available isn't enough for charges.

No charges for Prince George cop

Influx of Avian Flu in BC

Farmers in B-C are preparing for an influx of avian flu cases as wild birds begin migrating south. But a spokesperson for the B-C Poultry Association Emergency Operations Centre says he doesn't expect as much devastation as last year.

Influx of Avian Flu in BC

Road closures due to Whalley collision

On Thursday at after 1:30pm Surrey RCMP responded to a report of a pedestrian struck by a semi-truck in the southbound lanes of King George boulevard just north of 104 Avenue. The pedestrian has been transported to hospital with serious injuries. There are single lane closures on both on the northbound and southbound side of King George boulevard between 104 Avenue and 105 Avenue.