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

B.C. mass-stabbing killer apologizes to victims, cites 'enormous' drug use

Yannick Bandaogo read his statement in French in a quiet, sometimes shaking voice, and said his addiction to crystal meth played a role in altering his mental health and behaviour. Bandaogo, 30, pleaded guilty this year to second-degree murder, several charges of attempted murder and one count of aggravated assault over the attack.

B.C. mass-stabbing killer apologizes to victims, cites 'enormous' drug use

Violent robbery at a nightclub: VPD

The heist happened April 9th when two suspects entered the club after hours, threatened staff with a gun and knife, zap-strapped and forcibly confined six people -- and left one victim with a life-altering injury. The suspects then escaped with 25-thousand dollars in cash.

Violent robbery at a nightclub: VPD

Criminal charges likely after police dog bites Indo-Canadian off-duty cop

Manjinder Singh Kaila, 55, was bitten by a police dog on May 29, 2021, next to his Surrey home, as the cops pursued a suspect, despite the victim yelling “it wasn’t me". The statement of claim named constables Sarbjeet Singh and Paul Baker, who were working with RCMP dog service at that time.

Criminal charges likely after police dog bites Indo-Canadian off-duty cop

Jobless rate went up in June

R-B-C assistant chief economist Nathan Janzen says the reason the unemployment rate can rise alongside historically strong employment growth is that population growth continues to set new records, including an increase of 84-thousand people in June.

Jobless rate went up in June

Lack of staff forces Saanich hospital to close ER overnight for two months

Island Health says a lack of staff has forced it to begin overnight closures of the emergency room at a small Victoria-area hospital. A statement from the health authority says closure of the Saanich Peninsula Hospital emergency department begins at 10 p.m. tonight and will end at 7 a.m. Saturday.

Lack of staff forces Saanich hospital to close ER overnight for two months

BC Port strike now a week long

The association says it has learned of the layoffs as well as cargo diversions as the labour dispute drags on, calling on the International Longshore and Warehouse Union to enter a voluntary arbitration process to end the strike.