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

Climate, development, India top of mind as Trudeau travels to UN General Assembly

The day before departing for New York, Trudeau rocked the House of Commons with "credible allegations" linking agents of India's government to the deadly shooting this past June of a Sikh leader in Surrey, B.C. It's a striking contextual backdrop for the week ahead at the United Nations, a place where aspirational visions of a prosperous and peaceful future often crash headlong into stark political realities.

Climate, development, India top of mind as Trudeau travels to UN General Assembly

India expels Canadian diplomat after Canada links Indian agents to Sikh leader death

India struck back at Canada early Tuesday after Prime Minister Justin Trudeau linked agents of India's government to the shooting death of a Sikh leader near Vancouver. A statement from India's Ministry of External Affairs says an unnamed senior Canadian diplomat has been asked to leave India within the next five days.

India expels Canadian diplomat after Canada links Indian agents to Sikh leader death

Canada told allies before sharing allegations about India over B.C. killing: Trudeau

Trudeau revealed in the House of Commons on Monday that Canadian intelligence services are investigating "credible" information about "a potential link" between India's government and the death of British Columbia Sikh leader Hardeep Singh Nijjar. Trudeau said India's government "needs to take this matter with the utmost seriousness" but would not say whether it is co-operating.

Canada told allies before sharing allegations about India over B.C. killing: Trudeau

Eby 'deeply disturbed' by CSIS briefing on Nijjar killing in Surrey, B.C.

British Columbia Premier David Eby says he's received a briefing from Canada's spy agency about the "assassination" of Sikh leader Hardeep Singh Nijjar and he's "deeply disturbed" by what he was told. He says he's calling on the federal government to share all information related to ongoing foreign interference and "transnational organized crime threats."

Eby 'deeply disturbed' by CSIS briefing on Nijjar killing in Surrey, B.C.

Attack on 2 shopkeepers in Chinatown: VPD

A 50-year-old man has been charged with assault after what Vancouver police say was a violent attack on two shopkeepers in the Chinatown neighbourhood. Police say the married couple, who are both in their 70s, were working in their shop last Thursday when the suspect entered and began causing a disturbance.

Attack on 2 shopkeepers in Chinatown: VPD

Removal of B.C. MLA Adam Walker from NDP caucus unrelated to police, harassment: Eby

Speaking to reporters for the first time since Walker was kicked out over the weekend, Eby says he decided the member could no longer be part of the group after a formal investigation by NDP caucus. Eby says he wishes he could share more but rules related to human resources and privacy prevent him going into specifics about the accusations, which are not a criminal matter.