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

2 new mass-timber courses to start at BCIT

Two new mass-timber courses are slated to begin in the fall at the British Columbia Institute of Technology. In addition, the province is providing 3.3-million-dollars to the school for the creation of a mass-timber training hub at B-C-I-T's Burnaby campus.

2 new mass-timber courses to start at BCIT

Prince George RCMP shooting leaves one injured

Mounties say it happened on Sunday morning at a home on Lalonde Road and that it was a targeted incident. They say surveillance footage shows a dark-coloured, extended cab pickup leaving the home at the time of the shooting.

Prince George RCMP shooting leaves one injured

Surrey Council approves contract to build new Strawberry Hill Community Hall

During the Regular Council Meeting on Monday, Surrey Council voted in favour of a $2.53M contract to build a new Strawberry Hill Community Hall. In 2021, a fire destroyed the historic Strawberry Hill Hall that was currently under construction as part of a $1.2M rehabilitation project that would have seen areas built for childcare and community rentals.

Surrey Council approves contract to build new Strawberry Hill Community Hall

Man violently robbed in home invasion

The two suspects forced entry into the victim’s suite near East Hastings and Gore on July 5. They violently beat him and stole his various possessions. The victim was taken to hospital for his injuries. VPD patrol officers and detectives from VPD’s Major Crime Section launched an investigation immediately.

Man violently robbed in home invasion

Attempted murder charges laid in Surrey shooting

Surrey R-C-M-P say their suspect was picked up in Calgary last Friday and remains in custody in Surrey, awaiting his next court date on August 10th. Several weapons offences have also been laid after shots were fired at a vehicle in the Newton area, injuring the occupant, who survived.

Attempted murder charges laid in Surrey shooting

B.C. port workers will get eyes on contract offer from maritime employers

The BC Maritime Employers Association says the offer being presented is the same one leaders of the International Longshore and Warehouse Union had previously rejected, which briefly sent workers back to the picket line last week.