The British Columbia government has announced a $4.2 billion investment in housing as part of its refreshed housing plan for 2023. The plan aims to increase the supply of affordable housing and make housing more affordable for all British Columbians.

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.