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

86 year old female pedestrian dies of her injuries after a collision in East Vancouver

The victim was walking in the south lane of East 2nd Avenue from Commercial Drive on November 1 at around 7:15 a.m. when she was hit by the driver of a Cadillac Escalade. She was taken to hospital where she died from her injuries.

86 year old female pedestrian dies of her injuries after a collision in East Vancouver

Vancouver resident Rajan Raj couldn’t hold back tears after his $500K Lotto Max win

“I was in the same store where I bought the ticket,” recalled Raj, who shared a Maxmillions prize from the draw with another winner in Ontario. “I checked a few tickets and they were small wins, then I checked the winning ticket and I was sweating.”

Vancouver resident Rajan Raj couldn’t hold back tears after his $500K Lotto Max win

Repair of B.C. dike to finish this month: minister

Farnworth says the provincial government has dedicated $1.6 million to the Sumas dike project, as he gave an update on recovery progress ahead of the one-year anniversary of what he called "one of the most devastating weather events in the history of our province."

Repair of B.C. dike to finish this month: minister

Kids' pain meds coming but supply fragile: critics

Health Canada pegged the problem to “unprecedented demand since the summer,” with stock “limited” at stores and hospitals in various parts of the country. Observers point to a complex web of factors driving demand, limiting supply and complicating any attempt at a quick fix.

Kids' pain meds coming but supply fragile: critics

94% of Surrey police vow not to join RCMP: union

A statement from the Surrey Police Union says 94 per cent of its members have signed a pledge to refuse to apply to, or join, the Mounties, if newly elected Surrey Mayor Brenda Locke makes good on a campaign promise to cancel the city's switch from the national police force to a municipal one.

94% of Surrey police vow not to join RCMP: union

Man arrested over alleged assault regarding ice cream confrontation

The victim, a convenience store, shared that when the suspect was spoken to about not paying for ice cream, he began to strike the staff member and brandished a knife. Charges related to assault with a weapon and breach of conditions are being recommended.