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

New West Police on the lookout for witnesses regarding targeted attack

Police in New Westminster are looking for witnesses of an assault they believe may have been a targeted attack. They say it happened near the intersection of Carnarvon Street and Alexander Street early yesterday.

New West Police on the lookout for witnesses regarding targeted attack

Small plane crashes at Langley Airport

A small plane has crashed at the regional airport in Langley, B.C., after hitting a pickup truck while landing, sending three people to hospital. Langley Township deputy fire chief Russ Jenkins says the crash happened at about 3:30 p.m. on Tuesday, when the plane came down too low over the road beside the airport.

Small plane crashes at Langley Airport

BC's ministries affected by fraud

British Columbia's auditor general has found that 45 per cent of the province's ministries have been affected by fraud. A new report form Michael Pickup says theft was the most common type of fraud that government ministries dealt with between 2021 and 2022.

BC's ministries affected by fraud

Indo-Canadian homeopath accused of sexually assaulting young patient

Sunil Anand has been charged with sexual assault and sexual interference following an investigation by the Peel Regional Police Special Victims Unit. Anand was held for a bail hearing and attended the Ontario Court of Justice in Brampton.

Indo-Canadian homeopath accused of sexually assaulting young patient

Prohibited driver hit four-year-old girl on bike in Langford, B.C., RCMP say

The 37-year-old driver remained at the scene. Police say they learned he had been prohibited from driving because of being unlicensed and impaired. Mounties say in a statement they obtained a breath sample and while the man did have alcohol in his system, it was under the legal limit.

Prohibited driver hit four-year-old girl on bike in Langford, B.C., RCMP say

Sinclair Group Forest Products to halt operations temporarily

Lakeland Mills in Prince George is set to be curtailed for the month of July, while Nechako Lumber Co. in Vanderhoof will be curtailed from May 14th to July 29th and Apollo Forest Products in Fort St. James will be curtailed in June.