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

Richmond RCMP seeking witnesses after two random, violent assaults on women on Valentine's Day

On February 17th, investigators arrested 41-year old Ernesto Mendoza Malgapo of Richmond. Malgapo currently remains in custody, facing one charge of Assault Causing Bodily Harm.

Richmond RCMP seeking witnesses after two random, violent assaults on women on Valentine's Day

B.C. New Democrat MLA to resign her Vancouver seat

The Vancouver-Mount Pleasant member of the legislature, who recently returned from a six-month medical leave, says she is leaving and expects her last day to be the end of March.

B.C. New Democrat MLA to resign her Vancouver seat

Canada aims to boost Arctic defence capacity

Anand says Ottawa has already committed almost $40 billion towards that end, and the result will be "a new northern-approach surveillance system" that will detect threats farther and farther north to protect Canadian sovereignty in the Arctic.

Canada aims to boost Arctic defence capacity

Hit-and-run driver charged in connection with the death of a 24-year-old pedestrian in Kitsilano last summer

The victim and a friend were crossing West 4th Avenue at Arbutus Street around 11:30 p.m. June 19, 2022 when he was struck and killed. The driver failed to stop or offer assistance.

Hit-and-run driver charged in connection with the death of a 24-year-old pedestrian in Kitsilano last summer

Tim Hortons parent company plots growth

Patrick Doyle — credited with having the Midas touch after transforming Domino's lagging sales into meteoric growth — told investors during a wide-ranging conversation on Wednesday that each of the company's brands is positioned for momentum and growth.

Tim Hortons parent company plots growth

MPs frustrated over Rolling Truck Age Program

A letter from Surrey, B.C., MP Randeep Sarai says he has met with truckers who have complied with the new measures but still find it unreasonable and worry about the requirement to replace more vehicles from their fleets down the road.