City of Vancouver Housing Facts

CoVPopulation Growth: In 2016, Vancouver had a population of 631,486 (26% of the region).The City of Vancouver’s total population is expected to grow from 617,200 in 2011 to 765,000 by 2041. Under a high regional growth scenario, the 2041 projections for Vancouver would increase to 788,000 people.

Dwelling Growth: In 2016, there were 283,916 private occupied dwellings in Vancouver (30% of the region).The number of dwelling units in the City of Vancouver is expected to grow from 265,100 in 2011 to 362,000 by 2041. Under a high regional growth scenario, the 2041 projections for Vancouver would increase to 373,000 dwelling units.

 Homeless Count: On March 8th, 2017, there were a total of 2,138 homeless people in the City of Vancouver, which accounted for 60% of the total homeless population in Metro Vancouver. 1,601 homeless people were sheltered and 537 were on the street. 21% of Homeless Count survey respondents in the City of Vancouver identified themselves as aborginal.

Single Detached House: In April 2017, the benchmark price was $1,474,400 in Vancouver east and $3,495,800 in Vancouver west for a single detached house.

Apartment:In April 2017, the benchmark price was $480,300 in Vancouver east and $718,400 in Vancouver west for an apartment in the City of Vancouver.

Average Rent: In October 2016, the average rent for a two bedroom purpose-built apartment was $1,757/month in the City of Vancouver, $114/month more than in October 2015.

Read the full report.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>