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 ÎÚÑ»´«Ã½ from the ÎÚÑ»´«Ã½ Mortgage and Housing Corporation's 2024 Rental Market Report, issued in January, and the ÎÚÑ»´«Ã½ Real Estate Association's August 2024 report.
Average residential home price in ÎÚÑ»´«Ã½: $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 ÎÚÑ»´«Ã½: $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
This report by The Canadian Press was first published Oct. 17, 2024.
The Canadian Press
