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

62 year old woman robbed by 5 unknown males: Abbotsford Police

During the robbery, the suspects presented a firearm demanding money from the victim before stealing and leaving in the victim’s vehicle. Both the victim’s stolen vehicle and the suspect vehicle used to arrive at the victim’s property have been located and seized by police. Although shaken, the victim and other occupants at the property were not injured.

62 year old woman robbed by 5 unknown males: Abbotsford Police

No charges to be pressed in violent killing of Indo-Canadian activist

Amar, a 40 year-old father of three, was fatally injured on August 31, 2022 during a physical altercation between two neighbours, leading to the arrest of one person. British Columbia (BC) Prosecution spokesperson Dan McLaughlin told Global News that the case didn't meet the standard for charge assessment according to the Crown.

No charges to be pressed in violent killing of Indo-Canadian activist

Surrey crash on Highway 10 and King George Blvd leaves a man dead

The crash Monday night left a man in his 50s dead. At around 8:07pm, the vehicle was travelling northbound on King George Blvd when it went off road.

Surrey crash on Highway 10 and King George Blvd leaves a man dead

Battle looming over Canada's defence spending

The budget document says spending by the Defence Department will reach nearly $40 billion by 2026-27 as a result of those additional investments, but the government is not saying what that means as a share of Canada's gross domestic product.

Battle looming over Canada's defence spending

Federal spending on staff grew during pandemic

The Parliamentary Budget Office says the increase in salaries was the largest contributor to the rise in total compensation, but spending on pensions, overtime and bonuses also grew at a faster rate.

Federal spending on staff grew during pandemic

Vancouver's March home sales down 42.5%: REBGV

Last month's sales totalled 2,535 compared with 4,405 sales in March 2022 and 1,808 in February. The B.C. board says the numbers signal that March home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.