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

Downtown Eastside man dies following an interaction with Vancouver Police

Vancouver Police responded shortly before 8 a.m. Monday after a man was seen acting erratically near East Hastings Street and Dunlevy Avenue. Following an interaction with police, the man was taken into custody. He then went into medical distress and lost consciousness.

Downtown Eastside man dies following an interaction with Vancouver Police

PM questions case for sending LNG to Europe

The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime minister hosted the German leader during a visit that will also include stops in Toronto and Newfoundland.

PM questions case for sending LNG to Europe

Driver in hospital after deadly B.C. wedding crash

Const. Nicole Braithwaite of West Vancouver Police told a press conference today that the scene of the incident at the 400 block of Keith Road was “chaotic.” She says two women in their 60s were pronounced dead at the scene, and seven people were taken to hospital, two in critical condition.

Driver in hospital after deadly B.C. wedding crash

VPD say guns found in encampment tent

Investigators believe the weapons were being used for protection and to intimidate others in the encampment. A 40-year-old from Vancouver, a 23-year-old from Burnaby and two men in their 20s from Surrey are due in court in October to face multiple charges.

VPD say guns found in encampment tent

Border blues: travel pressure mounts on Ottawa

The Canadian American Business Council's new campaign, "Travel Like it's 2019," aims to flood federal MPs with public demands for action. It calls on Ottawa to scrap the troublesome ArriveCan app, a mandatory pre-screening tool for visitors to Canada.

Border blues: travel pressure mounts on Ottawa

Canada buys more doses of Moderna bivalent vaccine

Canada purchased 4.5 million new doses and pushed up the delivery date for the 1.5 million doses originally scheduled to arrive in Canada next year. The agreement depends on Health Canada's approval of the bivalent vaccine, which was submitted for review on June 30.