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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.
Construction activity in Terrace surpassed $46 million in 2025, driven largely by multi-family housing projects. City officials say nearly half of the total construction value came from multi-residential developments, with more housing on the way in 2026.
Terrace property owners are seeing modest increases in their 2026 property assessments, with BC Assessment reporting a stable local real estate market and typical home values up five per cent year over year.
BC Housing is rolling out a new online tool aimed at speeding up the construction of affordable housing.
The post B.C. introduces new digital tools for pre-fab housing contruction appeared first on AM 1150.
Kitimat council is moving ahead with three zoning applications for a large multi-phase housing project on Konigus Street, proposing apartments, townhomes and a modular home park from Riverbrook Estates Ltd. The project now enters technical and public review.
Terrace council has advanced a zoning amendment for 4617 Greig Avenue, paving the way for a new six-storey mixed-use housing project that would add up to 80 residential units and commercial space to the downtown core.
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.
The B.C. RCMP has released the names of six children and two women killed in this week’s shooting in Tumbler Ridge, as the small northeastern community continues to mourn.