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

Canada on sidelines as allies move ahead on AUKUS

That includes formalizing American and British plans to help Australia develop a fleet of nuclear-powered submarines in response to growing concerns about China's actions in the Indo-Pacific region.

Canada on sidelines as allies move ahead on AUKUS

Eight skunks found dead in B.C. had avian flu

British Columbia's Ministry of Agriculture says the skunks were infected with the same H5N1 strain that has caused the deaths of millions of domestic poultry since the outbreak began in April last year. The skunks were found in residential areas in both cities and were taken to B.C.'s Animal Health Centre over concerns they may have been deliberately poisoned.

Eight skunks found dead in B.C. had avian flu

Water taxi crash in B.C. prompts report's caution

A report from the board says four of the five people aboard the Rocky Pass were injured when the boat came to an abrupt stop on the rocks on Jan. 25, 2022. The operator, who had 20 years of experience captaining the taxi, was using GPS in very foggy conditions when the navigation device froze.

Water taxi crash in B.C. prompts report's caution

House in Maple Ridge hit by gunfire

According to Mounties, one residence in the area was hit by gunfire. The residence was occupied at the time of the incident but no gunshot injuries occurred. The victims are cooperating with the police investigation.

House in Maple Ridge hit by gunfire

Dead body of a woman found inside a tent in the Downtown Eastside

The cause of death remains under investigation. Evidence indicates the woman died prior to the fire starting. Vancouver Police are working with the BC Coroners Service to identify the woman.

Dead body of a woman found inside a tent in the Downtown Eastside

More snow brings warnings for some B.C. highways

Environment Canada says anywhere from 15 to 25 centimetres is expected at higher elevations of the passes north and east of Hope by Tuesday morning. Up to 15 centimetres of snow is forecast along the Sea-to-Sky Highway between Squamish and Whistler, but the weather office says conditions there should ease by later in the day.