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 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.
British Columbia remained the most expensive province for renters in May, despite a three per cent annual decline in average rental prices in the province.
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