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

Wildfire in Metro Vancouver park now under control

A statement from the district says a 50-person firefighting crew has established a 15-metre "wet line" around the perimeter of the fire in Coquitlam's Minnekhada Regional Park, preventing any further spread. It says ground crews are now focused on dousing remaining hot spots.

Wildfire in Metro Vancouver park now under control

Opposition BC Liberals call for MLA pay freeze

The Opposition BC Liberals are calling for an all-party pay freeze as a show of solidarity with people struggling to make ends meet during inflationary times. Liberal house leader Todd Stone says members of the legislature could be in line for a salary increase in April of 10 per cent or more, amounting to raises of at least $10,000.

Opposition BC Liberals call for MLA pay freeze

B.C. pharmacists welcome new prescription powers

As the changes are rolled out, B.C. pharmacists said the smoothness of the transition will depend on the reimbursement model, staffing supports and whether there's an added administrative burden. Like many health professionals, pharmacists have faced burnout and labour shortages since the COVID-19 pandemic began.

B.C. pharmacists welcome new prescription powers

Canada confirms 1,406 monkeypox cases

Of the confirmed cases, 674 are from Ontario, 521 from Quebec, 162 from British Columbia, 41 from Alberta, three from Saskatchewan, two from the Yukon and one each from Nova Scotia, Manitoba and New Brunswick, the health agency added on Wednesday.

Canada confirms 1,406 monkeypox cases

11 year old boy struck by a minivan in Richmond in a suspected hit-and-run

Shortly before 9 a.m. on Wednesday frontline Richmond RCMP officers responded to the area of No. 1 Road and Tucker Avenue after reports of an 11-year old boy being struck. The boy was pushing his bicycle in a marked pedestrian crosswalk and struck by a gray minivan. This minivan then proceeded to sideswipe another vehicle before fleeing the scene.

11 year old boy struck by a minivan in Richmond in a suspected hit-and-run

More temperature records in B.C., no sign of rain

Environment Canada says 11 daily maximum temperature records were set Wednesday across parts of Vancouver Island, the central coast, southern Interior and southeastern B.C. At 26.9 C, the Pemberton area broke a record that has stood since 1908.