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

IHIT called in after fatal shooting in Langley

According to the Mounties, this does not appear to be a random act. The area surrounding the scene will be cordoned off for a significant amount of time. IHIT will be working in partnership with Langley RCMP.

IHIT called in after fatal shooting in Langley

Newton shooting results in bullet holes in the exterior of the residence

Officers attended the scene and located holes in a fence as well damage to the exterior of a residence. The vehicle is described as a white four-door sedan. The investigation is ongoing and a motive has not yet been identified.

Newton shooting results in bullet holes in the exterior of the residence

2 men with weapons barricade themselves inside a grocery store: VPD

Two men have been arrested after barricading themselves with weapons inside a downtown grocery store this morning. A VPD crisis negotiator convinced the men to surrender without incident. The investigation is ongoing.

2 men with weapons barricade themselves inside a grocery store: VPD

Intersection of 132nd St & 108 Ave closed in Surrey due to 2 vehicle collision

On Friday, at approximately 12:30 p.m., a two vehicle collision occurred in the intersection of 132 Street and 108 Avenue. Two people have been transported to hospital with injuries.

Intersection of 132nd St & 108 Ave closed in Surrey due to 2 vehicle collision

RCMP release new details about Indian migrants who died at border

The bodies of Jagdishkumar Patel, 39; his wife Vaishaliben Patel, 37; their 11-year-old daughter, Vihangi; and their three-year-old son, Dharmik, were found on Jan. 19 near Emerson, Man., just metres from the U.S. border. Their deaths were determined to be due to exposure.

RCMP release new details about Indian migrants who died at border

Police seeking video following shots fired at a South Surrey residence

On Wednesday, just after midnight, Surrey RCMP received the report of shots fired at a residence in the 12700-block of 27A Avenue. Police attended and located evidence consistent with a shooting. The residence was occupied at the time of the shooting, but thankfully, no one was injured.