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

Two dead as motorcycle and SUV collide between Lytton and Spences Bridge, B.C.

Two people have died in a collision between a motorcycle and an SUV northeast of Lytton, British Columbia. A statement from RCMP says the crash happened just after 6 p.m. Monday on Highway 1 between Lytton and Spences Bridge. Staff Sgt. Kris Clark says both victims were on the motorcycle.

Two dead as motorcycle and SUV collide between Lytton and Spences Bridge, B.C.

Crackdown on street racing in Surrey

Surrey R-C-M-P say video shared widely online back in May showed a vintage Chevy stunt driving before crashing into a semi-truck during a large gathering. Police say they’ve now recommended charges against the driver, and returned to the street in mid-June to crack down on street racing along the stretch.

Crackdown on street racing in Surrey

Mountain biker dies after crash during B.C. Cup race at Big White resort

The senior vice-president of Big White Ski Resort in Kelowna, B.C., says a mountain biker has died after a crash during the B.C. Cup downhill racing event the resort hosted on the weekend. He says resort staff and management are "devastated" by the incident.

Mountain biker dies after crash during B.C. Cup race at Big White resort

45 arrested, $5K worth of stolen goods recovered at Metrotown mall

Some of the most commonly targeted items for shoplifters during the latest Boost and Bust included clothing and sunglasses. In one instance, officers taking part in the Boost and Bust were also able to assist in quickly reuniting a missing child with her mother.

45 arrested, $5K worth of stolen goods recovered at Metrotown mall

BC grandma celebrates 99th birthday Skydiving

Lucy Koenig jumped tandem from a plane at about 10-thousand feet at the Skydive Vancouver centre in Abbotsford. She says her advice to others is to live life to the fullest and do what makes them happy.

BC grandma celebrates 99th birthday Skydiving

Expansion, upgrade project valued at $366.5M starts at Williams Lake hospital

Adrian Dix says the $366.5-million construction project now starting at Cariboo Memorial Hospital in Williams Lake will increase the hospital's capacity and provide a modern working environment. Dix says the project will add 25 beds and a new emergency department, while expanding surgical, maternity, pharmacy and mental-health and substance-use treatment areas.