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

Evacuation orders issued near Peachland, more than 400 wildfires burn across B.C.

An evacuation order has been issued for eight recreational properties due to the Glen Lake Wildfire, about 15 kilometres west of Peachland, B.C. The Central Okanagan Emergency Operations Centre says it also issued an evacuation alert for all areas south of Peachland Forest Service Road from the 5 kilometre marker to the boundary between the Regional District of Central Okanagan and the Regional District of South Okanagan.

Evacuation orders issued near Peachland, more than 400 wildfires burn across B.C.

Bonnie Henry talks drug decriminalization at start of B.C. municipalities convention

Provincial health officer Dr. Bonnie Henry will be discussing drug decriminalization and public drug use in the opening session of the annual Union of British Columbia Municipalities convention in Vancouver. More than 2,000 people are registered to attend the annual gathering of elected municipal leaders that concludes Friday with a speech by Premier David Eby.

Bonnie Henry talks drug decriminalization at start of B.C. municipalities convention

Abbotsford police say two victims stabbed, suspect suffered self-inflicted injuries

Police in Abbotsford, B.C. say a Saturday evening stabbing that sent three people to hospital, including the suspect, appears to have been a targeted attack. Officers were called to a residential complex on McCallum Road south of Marshall Road shortly before 7:00 p.m. Saturday for a weapons call.

Abbotsford police say two victims stabbed, suspect suffered self-inflicted injuries

Burnaby shooting victim identified as Gagandeep Sandhu

Burnaby RCMP say they were called to the North Road and Cameron Street area just after 5 p.m. Saturday for reports of gunshots and arrived to find the body of a man in a parkade. They say initial evidence suggests this was a targeted shooting, though the motive remains unclear.

Burnaby shooting victim identified as Gagandeep Sandhu

'Bunch of idiots': Victim relatives query psychiatric releases, lawyers urge caution

Rebecca Mayrhofer said she felt "100 per cent frustrated" when she heard about a triple stabbing in Vancouver's Chinatown on the weekend, that police allege was committed by a man on day release from psychiatric detention. But she wasn’t surprised.

'Bunch of idiots': Victim relatives query psychiatric releases, lawyers urge caution

Victim 'punched' at New West SkyTrain

Police in New Westminster say they're on the lookout for a suspect in an alleged assault that occurred at the New Westminster SkyTrain Station this morning. New Westminster Police say the victim was punched by a stranger and knocked to the ground at the top of the escalators at the station's entrance on Eighth Street.