Rental housing affordability worsened in B.C.’s most densely populated regions, Metro Vancouver and Greater Victoria, according to a new report from Canada Mortgage and Housing Corporation.
While both Vancouver Census Metropolitan Area and Victoria Census Metropolitan Area continued to add more rental supply in 2023, population growth caused by record immigration stoked demand for more rental housing in both regions.
Two reasons are behind this development.
Support local journalism today
Join thousands of other like-minded readers and sign up below to gain immediate & unlimited access to our news for the next 30 days – plus start receiving our newsletters.
Dialogue and debate are integral to a free society and we welcome and encourage you to share your views on the issues of the day. We ask that you be respectful of others and their points of view, refrain from personal attacks and stay on topic. To learn about our commenting policies and how our community-based moderation works, please read our Community Guidelines.
