B.C. posts highest rate of unaffordable housing as ownership declines across Canada
British Columbia is leading the country as the province with the highest rate of unaffordable homes.
StatCan said B.C. posted the third-largest homeownership decline from 2011 to 2021, to 66.8 per cent from 70 per cent, while Prince Edward Island saw the sharpest drop. First-time buyers in B.C. are largely choosing condominiums as a “gateway to homeownership,” said the report. It also showed that improvements in household incomes across Canada are reducing core housing need, but almost 1.5 million Canadians still live in conditions defined as unsuitable, inadequate or unaffordable.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria battles worst floods in years; 300 killed in 2021Nigeria is battling its worst floods in a decade with more than 300 people killed in 2021 including at least 20 this week, authorities told the Associated Press on Monday, admitting the situation is 'beyond our control.'
Read more »
Man charged in fatal 2021 hit-and-runCity police have laid charges in a fatal hit\u002Dand\u002Drun collision nearly a year after making an arrest in the case.
Read more »
Man charged in fatal hit-and-run collision from 2021City police have laid charges in a fatal hit\u002Dand\u002Drun collision nearly a year after making an arrest in the case.
Read more »
Women's health got worse in 2021, global survey findsFor women around the globe, the second year of the COVID-19 pandemic brought more health challenges than the first. The overall score for the Global Women's Health Index in 2021 was just 53 out of 100, one point lower than in 2020.
Read more »
Paycheque-to-paycheque living up 26% in Canada since 2021: reportResearch from the National Payroll Institute and the Financial Wellness Lab of Canada reveals 'several signs that the state of our financial health is worsening.'
Read more »