Housing

Greater Victoria may be picturesque, but it has one of the worst vacancy rental rents in the country with 1.6 per cent in 2023, according to a report from CMHC. But Greater Victoria’s rate is better than Metro Vancouver’s rate of 0.9 per cent. (Black Press Media File Photo)

Rental squeeze tighter in Vancouver, Victoria despite growing supply: CMHC

Metro Vancouver’s vacancy rate below Canada’s, Greater Victoria’s slightly above it

Greater Victoria may be picturesque, but it has one of the worst vacancy rental rents in the country with 1.6 per cent in 2023, according to a report from CMHC. But Greater Victoria’s rate is better than Metro Vancouver’s rate of 0.9 per cent. (Black Press Media File Photo)
The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988. A for rent sign is displayed on a house in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s rental vacancy lowest its been since CHMC started tracking

Purpose-built rental apartments sat at 1.5% during first two weeks of October, lowest since 1988

The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988. A for rent sign is displayed on a house in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Houses are covered with snow as the downtown skyline is seen in the distance, in Vancouver, on Wednesday, December 21, 2022. The province has expanded its secondary suite program to 16 regional districts, according to a news release Jan. 30, 2024. THE CANADIAN PRESS/Darryl Dyck

16 regional districts now included in B.C.’s secondary suite program

Pilot program introduced in 2023 to add as many as 1,000 affordable rental units per year

Houses are covered with snow as the downtown skyline is seen in the distance, in Vancouver, on Wednesday, December 21, 2022. The province has expanded its secondary suite program to 16 regional districts, according to a news release Jan. 30, 2024. THE CANADIAN PRESS/Darryl Dyck
Rachael Stafford, a home stager and professional organizer, is shown in her Richmond Hill, Ont. home on Thursday, Jan. 18, 2024. A walk through a home tells Stafford what adjustments are needed to pique the interest of potential buyers.THE CANADIAN PRESS/Cole Burston

Home staging companies forced to adapt amid slow market, seller pull back

Some sellers choosing to only stage for first month of home sale, others just tidying up themselves

Rachael Stafford, a home stager and professional organizer, is shown in her Richmond Hill, Ont. home on Thursday, Jan. 18, 2024. A walk through a home tells Stafford what adjustments are needed to pique the interest of potential buyers.THE CANADIAN PRESS/Cole Burston
Keith Light Is pictured outside of his RV in Vancouver on Friday Jan. 19, 2024. THE CANADIAN PRESS/Ethan Cairns

In an RV outside Walmart, a B.C. senior dreams of housing

Government stats show people 65 or older in B.C. are twice as likely to be classified as low-income

Keith Light Is pictured outside of his RV in Vancouver on Friday Jan. 19, 2024. THE CANADIAN PRESS/Ethan Cairns
Vancouver’s city council has approved a high-density development concept for a 36-hectare site on the city’s west side, involving13,000 new homes. Homes are seen on the Jericho Land in Vancouver, B.C., on Friday April 8, 2016. THE CANADIAN PRESS/Darryl Dyck

Vancouver approves high-density Jericho Lands project criticized by some residents

It says the project unfolding over 25 to 30 years will potentially house 24,000 residents

Vancouver’s city council has approved a high-density development concept for a 36-hectare site on the city’s west side, involving13,000 new homes. Homes are seen on the Jericho Land in Vancouver, B.C., on Friday April 8, 2016. THE CANADIAN PRESS/Darryl Dyck
Housing Minister Ravi Kahlon, here seen in September 2023, says record numbers of new purpose-built rental homes in B.C. is one piece of proof showing that new housing polices are making a difference. (Justin Samanski-Langille/News Staff)

B.C. recorded 30% increase in new rental homes in 2023

New rental numbers prove B.C.’s new housing policies are working: minister

Housing Minister Ravi Kahlon, here seen in September 2023, says record numbers of new purpose-built rental homes in B.C. is one piece of proof showing that new housing polices are making a difference. (Justin Samanski-Langille/News Staff)
UBC Professor Paul Kershaw calls for a shift in taxes toward health to help with housing affordability. (Troy Landreville/Langley Times)

Taxing the house-wealthy could help solve B.C.’s housing crisis: UBC prof

Paul Kershaw calls for more taxation on wealth after housing study shows ‘erosion’ of Canadian dream

UBC Professor Paul Kershaw calls for a shift in taxes toward health to help with housing affordability. (Troy Landreville/Langley Times)
<div>After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe sales in the Canadian housing market could be in line for a rebound in 2024. Construction cranes dot the skyline as condo towers are seen under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, B.C., Thursday, Nov. 23, 2023. THE CANADIAN PRESS/Darryl Dyck</div>

Interest rates could mean Canada’s soft housing market poised to turn

Economists seeing signs of a rebound, expecting lending rates to drop in 2024

<div>After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe sales in the Canadian housing market could be in line for a rebound in 2024. Construction cranes dot the skyline as condo towers are seen under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, B.C., Thursday, Nov. 23, 2023. THE CANADIAN PRESS/Darryl Dyck</div>
Construction workers toil inside the Barron Building as crews convert it from office space to residential apartments in Calgary, Tuesday, Dec. 12, 2023.THE CANADIAN PRESS/Jeff McIntosh

Calgary transforms old offices to housing; experts say others should follow

In just 2 years, the program has seen the approval of 13 office-to-residential conversion projects

Construction workers toil inside the Barron Building as crews convert it from office space to residential apartments in Calgary, Tuesday, Dec. 12, 2023.THE CANADIAN PRESS/Jeff McIntosh
BC Assessment says the most expensive property in the province in 2023 was at 3085 Point Grey Rd in Kitsilano. Assessed at $81,765,000, the property is owned by Lululemon founder Chip Wilson. (Google Maps)

These are the 5 most expensive homes in B.C., according to BC Assessment

Lululemon founder Chip Wilson’s Kitsilano home the highest valued at $81.8 million

BC Assessment says the most expensive property in the province in 2023 was at 3085 Point Grey Rd in Kitsilano. Assessed at $81,765,000, the property is owned by Lululemon founder Chip Wilson. (Google Maps)
Minister of Housing, Infrastructure and Communities Sean Fraser responds to a question during a news conference, in Ottawa, Tuesday, Dec. 5, 2023. Fraser says Canadians can expect to see a full plan from the federal government in 2024 that lays out how it will tackle the housing crisis.THE CANADIAN PRESS/Adrian Wyld

Federal Liberals will announce ‘renewed’ housing plan in 2024, minister says

Housing affordability has been a major point of contention as the Conservatives fire at the Liberals

Minister of Housing, Infrastructure and Communities Sean Fraser responds to a question during a news conference, in Ottawa, Tuesday, Dec. 5, 2023. Fraser says Canadians can expect to see a full plan from the federal government in 2024 that lays out how it will tackle the housing crisis.THE CANADIAN PRESS/Adrian Wyld
Prime Minister Justin Trudeau speaks to reporters in Ottawa on Dec. 13. THE CANADIAN PRESS/Sean Kilpatrick

40,000 new homes for Vancouver kickstarted by $115 M deal: Trudeau

‘Less red tape, more housing built near transit, more affordable rental housing and more density’

Prime Minister Justin Trudeau speaks to reporters in Ottawa on Dec. 13. THE CANADIAN PRESS/Sean Kilpatrick
Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 22 per cent in November. In this photo taken using a drone, homes under construction are seen in a new suburb, Friday, Oct. 15, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Homebuilding slows in November despite Canada’s need for more housing

Vancouver both saw a drop of 39 per cent, driven by significantly lower multi-unit starts

Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 22 per cent in November. In this photo taken using a drone, homes under construction are seen in a new suburb, Friday, Oct. 15, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Katie Hobson of Abbotsford now has a customized trailer to live in following a GoFundMe campaign that was started more than three years ago. (Submitted photo)

B.C. woman battling severe allergies finally gets her ‘tiny home’ sanctuary

Abbotsford’s Katie Hobson has extreme food and environmental sensitivities to almost everything

Katie Hobson of Abbotsford now has a customized trailer to live in following a GoFundMe campaign that was started more than three years ago. (Submitted photo)
New homes are constructed in Ottawa on Monday, Aug. 14, 2023. The federal government is planning to launch a catalogue of pre-approved home designs to speed up the homebuilding process for developers. THE CANADIAN PRESS/Sean Kilpatrick

Canada taps post-war era to bring back pre-approved home design catalogue

Move aimed at speeding and smoothing construction process for developers

New homes are constructed in Ottawa on Monday, Aug. 14, 2023. The federal government is planning to launch a catalogue of pre-approved home designs to speed up the homebuilding process for developers. THE CANADIAN PRESS/Sean Kilpatrick
Critics of the BC NDP government THE CANADIAN PRESS/Chris Young

Political opposition in B.C. tears down housing models

But measures projected to create 250,000 new housing units in a decade also enjoy support

Critics of the BC NDP government THE CANADIAN PRESS/Chris Young
Premier David Eby speaks during a press conference in the press theatre at legislature in Victoria, B.C., on Thursday, Oct. 5, 2023. Politicians left British Columbia’s legislature Thursday after passing a series of ambitious housing-focused laws Opposition parties say will do little to change the province’s status as the jurisdiction with the most unaffordable housing in North America. THE CANADIAN PRESS/Chad Hipolito

Housing dominates B.C. legislative session as next election looms

Housing Minister Ravi Kahlon says there’s more legislation on the way

Premier David Eby speaks during a press conference in the press theatre at legislature in Victoria, B.C., on Thursday, Oct. 5, 2023. Politicians left British Columbia’s legislature Thursday after passing a series of ambitious housing-focused laws Opposition parties say will do little to change the province’s status as the jurisdiction with the most unaffordable housing in North America. THE CANADIAN PRESS/Chad Hipolito
Housing Minister Ravi Kahlon Thursday faced the media to talk about his government’s housing agenda specifically and the concluded fall session generally. (Wolf Depner/News Staff)

Fall session dominated by housing ends with promise for more housing laws

Housing Minister Ravi Kahlon said spring session will see more housing legislation

Housing Minister Ravi Kahlon Thursday faced the media to talk about his government’s housing agenda specifically and the concluded fall session generally. (Wolf Depner/News Staff)
A clear majority of Canadians say higher immigration is fuelling the housing crisis and putting pressure on the health care system, a new Leger poll suggests. Travellers arrive at Trudeau Airport in Montreal, Wednesday, April 20, 2022. THE CANADIAN PRESS/Graham Hughes

Canadians say immigration feeding into housing, health care squeeze: poll

Leger survey also indicates Conservatives maintaining sizable lead over governing Liberals

A clear majority of Canadians say higher immigration is fuelling the housing crisis and putting pressure on the health care system, a new Leger poll suggests. Travellers arrive at Trudeau Airport in Montreal, Wednesday, April 20, 2022. THE CANADIAN PRESS/Graham Hughes