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

Street expansion coming for Surrey

City council in Surrey has awarded a contract for designing the widening of 132nd Street between 72nd Avenue to 80th Avenue. The city says in a news release that the expansion to four lanes aims to improve traffic and safety.

Street expansion coming for Surrey

Shooting in Richmond leaves one dead

A shooting in Richmond has left one man dead, and police are investigating whether a nearby car fire is related to the case. Richmond RCMP were called to Milner Road at Blundell Road at 5:45 p.m. Thursday for reports of a shooting.

Shooting in Richmond leaves one dead

3 arrested in Surrey SkyTrain attack

Surrey transit police say the investigation of an attack on three men near a Surrey SkyTrain station has led to three arrests. Police say the alleged unprovoked stabbing attack on three men happened the evening of June 21st.

3 arrested in Surrey SkyTrain attack

Let's make a deal, Canada urges U.S. amid latest 'baseless' softwood lumber duties

International Trade Minister Mary Ng is making the overture after a fresh U.S. Commerce Department review maintained duties on softwood imports from Canada. Ng says the duties, while modestly lower, remain an unfair, baseless and punitive measure that hurts the economy on both sides of the border.

Let's make a deal, Canada urges U.S. amid latest 'baseless' softwood lumber duties

B.C. police share photos of vehicles possibly being used in alleged abduction of kids

Mounties in Surrey say they continue to investigate leads and tips in their search for eight-year-old Aurora Bolton and her 10-year-old brother Joshuah, who were allegedly abducted by their mother Verity Bolton earlier this month.

B.C. police share photos of vehicles possibly being used in alleged abduction of kids

B.C. RCMP arrest Surrey massage therapist on multiple sex assaults

A massage therapist is facing multiple sexual assault charges for what police in Surrey, B.C., say are allegations that span a 16-year period. RCMP say they first received a report in November 2021 about alleged sexual assaults occurring in 2016 and 2017 involving massage therapist Leonard Krekic.