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

Human activity and climate change cause cascading effects for Arctic ecosystem

Most of the planet is covered by oceans, which have absorbed 90 per cenet of the recent warming caused by planet-warming gases such as carbon dioxide and methane. Global sea temperatures have been at record highs since April, meterologists report as climate change is linked to more extreme and deadly events.

Human activity and climate change cause cascading effects for Arctic ecosystem

Canada mulling 'game plan' if U.S. takes far-right, authoritarian shift: Joly

Joly added that Ottawa's close political and economic ties to the U.S. means that "we must certainly prepare several scenarios." She suggested Canada has a game plan in mind but wouldn't get into details.

Canada mulling 'game plan' if U.S. takes far-right, authoritarian shift: Joly

NDP calls on feds to give study permits to institutions with 'credible' housing plan

Immigration Minister Marc Miller said in a recent interview with The Canadian Press that the federal government is reconsidering international student flows, particularly since some students have been victims of fraud.

NDP calls on feds to give study permits to institutions with 'credible' housing plan

Thousands of residents around West Kelowna on evacuation alert as fire flares

The Regional District of Central Okanagan posted the evacuation alert for as many as 4800 properties just before 10:30pm, Wednesday, about four hours after the McDougall Creek blaze was spotted 10 kilometres northwest of West Kelowna.

Thousands of residents around West Kelowna on evacuation alert as fire flares

B.C. police seek suspected getaway driver in killing of Sikh temple leader Nijjar

Homicide investigators in British Columbia say they are seeking a third suspect in the killing of Surrey Sikh temple leader Hardeep Singh Nijjar, who was gunned down on June 18. Pierotti told a media briefing that the suspected getaway driver waited for the other suspects in a silver 2008 Toyota Camry that was parked near 121 Street and 68 Avenue before and during the killing.

B.C. police seek suspected getaway driver in killing of Sikh temple leader Nijjar

152 affordable homes being built for seniors in Delta

Located at 1054 - 54A St., KinVillage Apartments will have 145 one-bedroom and seven two-bedroom homes. All units will be adaptable or accessible, allowing the suites to be easily and inexpensively modified to meet residents’ needs as they age.