Affordability in Vancouver
Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2021, the city topped the ranking for least affordable housing market in Canada. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices.
Victoria housing market
The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.6 million Canadian dollars in 2022.