Rents across B.C. continued to decline in June, falling 5.3 per cent from a year earlier as asking prices eased in most major markets, according to a new Rentals.ca and Urbanation report.
Prime Minister Mark Carney and B.C. Premier David Eby are defending a plan to convert more than 2,200 vacant condos into affordable homes after critics called it a taxpayer-funded bailout for developers.
Average rents in British Columbia fell 5.7 per cent in May from a year earlier, as the province lost its position as Canada's most expensive rental market to Nova Scotia.
British Columbia is accelerating timelines for communities to opt out of short-term rental limits, aiming to help them capture the summer tourism season.
Average asking rents in British Columbia dropped 5.1 per cent in March from a year earlier, even as the province remained the most expensive rental market in Canada.
NDP MLA George Anderson is backing away from his private member’s bill to speed housing approvals after widespread opposition from municipalities and industry groups.
Rents in British Columbia continued to decline in February, falling 4.9 per cent compared with a year earlier, according to the latest report from Rentals.ca and Urbanation.
Municipalities and housing advocates are raising alarm bells over British Columbia’s decision to close a housing fund they rely on to build affordable rental housing.
North Island Habitat for Humanity is celebrating a $100,000 donation from Coastal Community Credit Union that will help build affordable housing for families in the region.
