Close X
Tuesday, November 19, 2024
ADVT 
National

Here are some facts about British Columbia's housing market

Darpan News Desk The Canadian Press, 17 Oct, 2024 10:10 AM
  • Here are some facts about British Columbia's housing market

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

MORE National ARTICLES

Federal government to build 17,000 homes

Federal government to build 17,000 homes
Trudeau said housing prices are rising across the country, and many Canadians are worried about being able to afford a place to live, whether they're renting or looking to buy a home.

Federal government to build 17,000 homes

Federal cabinet shuffle coming Wednesday: sources

Federal cabinet shuffle coming Wednesday: sources
Prime Minister Justin Trudeau is getting ready to shuffle his cabinet on Wednesday, according to multiple sources with knowledge of the plan. They confirmed to The Canadian Press that the Liberal front bench will get a slight makeover to account for one minister who has asked for lighter cabinet duties for personal reasons.

Federal cabinet shuffle coming Wednesday: sources

B.C. union ending job action, hoping for deal

B.C. union ending job action, hoping for deal
A statement from the B.C. General Employees' Union says its bargaining committee returned to the bargaining table with the province's public service agency last Thursday and they've made "significant progress" towards a tentative agreement.  

B.C. union ending job action, hoping for deal

B.C. posts surplus, despite big deficit forecast

B.C. posts surplus, despite big deficit forecast
Finance Minister Selina Robinson says the province's economy in 2021-22 outperformed both public and private sector predictions. The April 2021 budget, delivered during some of the darkest days of the COVID-19 pandemic, originally forecast a deficit of $9.7 billion, but revenues improved throughout the year.

B.C. posts surplus, despite big deficit forecast

Horgan says B.C. is addressing ambulance shortage

Horgan says B.C. is addressing ambulance shortage
Horgan's comments come after an infant in Barriere, B.C., reportedly died waiting for an ambulance, prompting Mayor Ward Stamer to call for flexibility around which first responders are allowed to take patients to hospital.

Horgan says B.C. is addressing ambulance shortage

Man arrested after 3 women assaulted near Vancouver Public Library

Man arrested after 3 women assaulted near Vancouver Public Library
“The woman who was grabbed by the leg left the area before the police arrived, and investigators would like to speak with her,” says Cst Jason Doucette. “There could also be other people who were assaulted in the area who have not yet come forward. Please make a report if you’ve been a victim of crime.”

Man arrested after 3 women assaulted near Vancouver Public Library