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

Smoke aids B.C. fire fight, as BC Wildfire Service warns about Hurricane Hilary

The BC Wildfire Service says weather across British Columbia will be impacted by a hurricane in Southern California, challenging firefighters already battling hundreds of fires that forced 30,000 people from their homes and caused a provincial state of emergency.

Smoke aids B.C. fire fight, as BC Wildfire Service warns about Hurricane Hilary

Air quality advisory issued for Metro Vancouver

An air quality advisory for Metro Vancouver remains in place due to wildfire smoke. The Metro Vancouver Regional District says people should postpone or reduce outdoor physical activity particularly if they have underlying conditions related to breathing.

Air quality advisory issued for Metro Vancouver

Man dies in Hope shooting

The province's homicide investigation team has been called in after a man was fatally shot in Hope. R-C-M-P say they were called just before 3 a.m. on Sunday and found a 28-year-old man who had been shot and killed.

Man dies in Hope shooting

Ottawa 'shouldn't walk around with a stick' to enforce health deals: Holland

Newly appointed Health Minister Mark Holland says he doesn't want to go waving a stick around as he negotiates the final details of a health accord with provinces and territories, and it'll largely be up to Canadians to hold them accountable. All provinces except Quebec accepted the $198-billion deal in principle earlier this year and are expected to sign final agreements before the end of 2023.

Ottawa 'shouldn't walk around with a stick' to enforce health deals: Holland

PharmaCare covers medicine to treat rare diseases

The province says its PharmaCare program now covers medications used to treat rare diseases such as A-L-S. The Ministry of Health says the oral form of edaravone, which is used to treat A-L-S patients, will be added to the PharmaCare formulary as a limited-coverage benefit.

PharmaCare covers medicine to treat rare diseases

Shortage of diabetes and weight loss drug Ozempic expected in Canada: manufacturer

A shortage of diabetes drug Ozempic that is used off-label for weight loss is expected in Canada, the manufacturer says. Health Canada says intermittent shortages are expected from late August to early October.