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 This report by The Canadian Press was first published Oct. 17, 2024. The Canadian Press.