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

Federal ministers begin three-day cabinet retreat

Trudeau is fresh off a week of cross-country travel focused on Canada's push to expand its battery and electric-vehicle industries, part of a broader goal to get more competitive on clean technology. Senior Liberals are expected to use the retreat to hammer out political and policy priorities for the months ahead, keeping in mind their confidence-and-supply deal with the NDP.

Federal ministers begin three-day cabinet retreat

Canada inspires U.S. refugee settlement program

The U.S. describes the program, which will allow ordinary Americans to privately sponsor refugees, as the boldest innovation in refugee resettlement in four decades. They also acknowledge that it borrows heavily from Canada, where citizens have been able to privately help resettle refugees since the 1970s.

Canada inspires U.S. refugee settlement program

Trudeau questions awarding of ArriveCan contract

At a news conference in Toronto, Trudeau says he's asked the clerk of the Privy Council to look at the government's procurement practices to make sure they are getting good value for money. The government mandated the use of the ArriveCan app during the COVID-19 pandemic as a way to screen travellers crossing the border into the country.

Trudeau questions awarding of ArriveCan contract

Ritchie Bros. Auctioneers tweaks offer for IAA

The Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on the deal closing. Ritchie Bros. is now offering US$12.80 per share in cash and 0.5252 of a Ritchie Bros. share for each IAA share, making the offer worth about US$44.40 per share based on the company's share price Friday.

Ritchie Bros. Auctioneers tweaks offer for IAA

One killed in avalanche near Valemount, B.C.

Avalanche Canada says the snowmobilers were riding at the base of a slope in a feature known as Bowl 3 in the Oasis area when the avalanche happened Saturday morning. One person managed to ride away while the other was fully buried.

One killed in avalanche near Valemount, B.C.

New Year's Day assault leaves man with serious injuries: Coquitlam RCMP

Coquitlam RCMP Front-line officers attended the area of Glen Drive and Johnston Street in Coquitlam for an assault on Sunday, January 1, 2023 at 2:47 a.m. The victim was changing a tire when he was attacked by two men. The men fled prior to Police attendance. nThe victim sustained serious, non-life-threatening injuries to his head.