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.
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.
Cranbrook is expecting new Indigenous-led housing developments this upcoming spring. The project will give Indigenous people in Cranbrook access to 45 new affordable homes.
British Columbia and Alberta saw the largest declines in the price of apartment rentals over the past year, although B.C. remained the most expensive province for renters.
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