The Real Estate Board of Greater Vancouver reported a 33% decrease in home sales in February compared to the average of the past ten years. The number of homes sold in February 2022 was 2,150, a 13% decline from the previous month.

The City of Vancouver has approved a budget for 2022 that includes a 10.3% property tax increase, the largest in over a decade. The tax hike aims to fund affordable housing, mental health services, public transportation, and COVID-19 recovery efforts.

A Vancouver family may be forced to move after receiving notice from their landlord that their additional occupant was going to raise the rent by 20%. The additional occupant is their newborn child, and the rent has now increased from $1,895 a month to $2,274.