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

New home renovation tax credit now available

The multi-generational home renovation tax credit took effect Jan. 1 for expenses related to building a secondary suite for a family member who is a senior or an adult with a disability. The credit will provide a 15 per cent tax refund on expenses of up to $50,000 to a maximum of $7,500.

New home renovation tax credit now available

Hopes high in B.C. as China lifts tourism rules

Beijing has now ended mandatory quarantine in hotels for arrivals from abroad, including returning tourists. But some in B.C. expect it could take months before Chinese tourism numbers are back to pre-pandemic levels, with flights still scarce heading into Chinese New Year on Jan. 22.

Hopes high in B.C. as China lifts tourism rules

Officer killed in B.C. avalanche was mentor: chief

Const. Wade Tittemore, 43, died Monday while off-duty, skiing with a colleague just north of Kaslo, B.C. Nelson police Chief Donovan Fisher said Tuesday that Tittemore will be missed terribly in the small force of 20 officers.

Officer killed in B.C. avalanche was mentor: chief

Altercation between parties results in overnight shooting in Whalley, lands one in hospital

On Tuesday, at approximately 2:20 a.m., Surrey RCMP received multiple 911 calls that a man had been shot near a convenience store in the 13100-block of 104 Avenue. Police attended and located a 44-year-old man suffering from gunshot wounds. The victim was transported to hospital with serious injuries.

Altercation between parties results in overnight shooting in Whalley, lands one in hospital

Air passenger protection rights under spotlight

Canada should make it so air travellers are automatically entitled to compensation from airlines when their flights are disrupted, rather than having to make claims on their own, a passenger advocate said Tuesday.

Air passenger protection rights under spotlight

RCMP seeking public assistance following road rage assault in North Vancouver

On January 4th at approximately 1:00 p.m. Officers responded to a road rage incident near Mount Seymour Parkway and Lillooet Road in North Vancouver. Bystanders called 911 after the occupants of two vehicles exiting the Superstore parking lot entered into an altercation.