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

Surrey Council approves contract for 152 Street Road Widening Project

During Monday night’s meeting, Surrey Council also awarded a $594,278 Consultant Construction Agreement to McElhanney Ltd., and approved the expenditure of $850,000 payable to BC Hydro for the relocation and modification of BC Hydro infrastructure necessary for the project.

Surrey Council approves contract for 152 Street Road Widening Project

New West Police and BC anti-gang task force investigation results in seizure of guns, large amounts of cocaine and fentanyl, and arrest of 5 men

All were arrested at various locations throughout the Lower Mainland on March 7th and have remained in custody overnight. The investigation remains ongoing and CFSEU-BC anticipates that more charges may be forthcoming.

New West Police and BC anti-gang task force investigation results in seizure of guns, large amounts of cocaine and fentanyl, and arrest of 5 men

Man in B.C.'s north dies after hit by snow plow

The pedestrian was on a street in a business area of Fort St. John when he was hit Monday. A statement from RCMP says bystanders provided first aid but the unresponsive victim was pronounced dead in hospital.

Man in B.C.'s north dies after hit by snow plow

Safety board to release report on B.C. tug sinking

Transportation Safety Board chair Kathy Fox and Clifford Harvey, the director of marine investigations, will hold a news conference to reveal the findings on the sinking of the tug Ingenika in February 2021. The tug was towing a barge and had a captain and two crew members aboard when it took on water and sank in Gardner Canal.

Safety board to release report on B.C. tug sinking

Metro Vancouver homeless count underway

The association says its volunteers try to be as accurate as possible in order to understand who is living without safe, affordable, appropriate housing, and why they are in that situation. That count was completed less than a week before the pandemic was declared and it identified 3,634 people who were experiencing homelessness.

Metro Vancouver homeless count underway

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

During the physical altercation, one youth allegedly struck the victim with a hammer and another youth allegedly brandished a knife. A total of three suspects fled the scene and soon after, officers located them at a Skytrain station.