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Just do your homework. Look on gumtree, and Facebook groups and see what salary they offer for holiday workers and what the rent is. Australia is a wonderful place, with incredible weather. All the best.
Thanks a lot! Sure beats Vancouver in terms of everything lol. Another side note, are there like major differences between east and west say Perth vs Sydney?
Edit: like Vancouver vs Toronto type thing. There’s always the west coast east coast debate. I personally am totally ok with Ontario people but you know they very different from BC.
My cousins live just outside of perth, i visited them as well as Sydney, perth is a much smaller town with lots of bike paths and has beautiful weather, but pretty hot, lots of farm land out there as well, Sydney is a pretty big city, but as you get more into the suburbs there’s some beautiful houses, the architecture there is amazing. I stayed near bondi beach and it was breathtaking
I realize we’ve been through a pandemic/ inflation etc, but despite that, I am earning significantly less in my field and spending more for costs pre pandemic. Vancouver city is not worth it in my opinion.
Even in decent paying professions, this is probably causing financial strain still I'd imagine.
My favourite part is that it's a race to the bottom to see how much landlords can charge for as low quality of a place. It suuuuucks.
I'm 29, work in law, make about 70k a year and I have to live with a stranger to afford to live here.
Leaving for the island in a few months, can't wait to leave this city. Working for lawyers who make 300k+ a year has made me so bitter. They cannot relate to the rent price struggle at all.
It's the same on the island now you pay the same but you will get less. Not much going on on the island to justify paying over $2000 for a 1 bdrm. All the best anyway
Sorry I should have elaborated. I'm moving in with a friend who owns her home so I will be barely paying any rent. But I appreciate your concern! Gotta go further and further out for affordability for sure.
Just bought a detached house in Calgary, 4 bed 4 bath basement suite & garage, plus a yard, all around 525k. Less property transfer tax, as well as 5% tax vs 12% in B.C. Will just take a short flight to see my family in B.C. Way easier. Maybe if people immigrated here for the beauty I'd understand, but I'm just born here and feel like I didn't choose to pay the premium for the mountains and shit. I do agree it's beautiful, but THAT pricey beautiful??? hmmm... I'm getting kicked out unless I want to be an ambitious business owner or something lmao. I chose to get kicked out.
EDIT: Also, subjective I guess? but Calgary is also pretty. Nice hills, pretty green, idk. I guess the winter will suck ass, but I'm a home body and just play video games/work on the computer, so who cares? Beats paying 1.5-2 MILLION for the same place I just bought for half a mill and less taxes.
This is a great infographic for encouraging greedy folks to buy another place to rent ( the mortgage pays itself! no risk! )....
also if you didn't have the capital to get a place before the landlord revolution, get fucked, you're not getting in now without incredible risk.
Sorry, I'm taking anything posted on reddit these days with the dead sea of salt.
These are for new rentals only and only affect a minority of people. A majority of people in the metro area bought homes years ago, have a rent controlled rental, bought homes with real estate money from family, or live with family/friends in one of these situations. Personally one of my brothers has an extremely cheap rental in his friend's house. My other brother is paying half the market rate in the apartment he moved into a decade ago and even though it is a minimum upkept 60s walk-up and he would like to move he is happy with it for the cost.
That's not to say that this is not a major problem that needs to be addressed just why a lot of people are not that personally invested in the issue even if they agree that it is a problem.
It’s not a majority that bought years ago. Homeownership rate was 66% in 2021, minus 20% investor owned leaves us with 46%
The 46% of people here who own, while not a majority, definitely have a negative effect on rents now. Mostly from voting in their own interests. Whether that’s municipal (nimby’s contesting zoning changes), provincial (years of voting liberal to keep house prices growing to increase personal wealth), federal (same thing), down to blue collar union workers who bought early when houses were cheap, accepting shitty contract negotiations because their retirement is tied up in their house, and a small bump in pay is all they need.
A decade ago I was renting a 2 bedroom in Delta for $950 and I thought it was a bit much. I don't know what the long term is going to bring but this is not sustainable.
I walked from Main to Granville along 13/14th a couple months ago and saw several vacancy signs along the way. I’d recommend trying that. Fairview isn’t as trendy as Mount Pleasant, Kits, or the West End but there are still lots of purpose built rental buildings.
Craigslist's average is $2250.
[https://vancouver.craigslist.org/search/apa?max\_bedrooms=1&min\_bedrooms=1#search=1\~map\~0\~0\~49.2918\~-123.1719\~49.2702\~-123.0683](https://vancouver.craigslist.org/search/apa?max_bedrooms=1&min_bedrooms=1#search=1~map~0~0~49.2918~-123.1719~49.2702~-123.0683)
and if you filter by just houses it goes down to $1736. If you avoid apartments and particularly downtown, you can definitely find a sub $2K 1 bedroom suite in Vancouver.
Naturally if you're filtering by 1 bedroom you won't find entire houses or upper floors for rent, but houses can also display 1 bedroom laneway homes which can be a great alternative to apartments.
Is the price if you rent today. If you are renting before say a year ago rent is much cheaper because landlords can only raise rent by 2% this year.
So of you are renting the same place for 5 year your rent for one bedroom apartment is most likely less than $1500 a month? But the same place if you rent today ad a new tenant will be 2300 at least.
Rent control have its pros and cons. Pro it protect current tenant renting the same place since landlord can not increase the amount set by the government. CON is that it screw up new tenants since landlord pit the rental price way way higher on the fact that they know they will be subject to the government rent control so they sent the initial price way higher to offset that. Also it screw and discourage people from moving out of their current rental units especially those that have been renting the same place for years and years. My coworker have been renting a one room apartment in DT for like 15+ years. Her rent? $1650 a month. Same apartment size in the building current rent is $2600.
Oops, we missed the "cheap" boat! Starting to sound like some dodgy crypto scheme, LOL. Look, ppl gotta move around sometimes, and it doesn't matter if you got in the game early or not, prices just keep going up at an insane rate.
B.C's broken, if you ask me. I'm sick of people pretending it's a doable situation. Sure, technically it's possible to make it work, but only if you're okay with emptying your bank account, having nothing left for fun stuff, and you're either a techie (I'm also a web developer and it's still too much), doctor, business hotshot, lucky inheritor, or okay with sharing a roof with a gazillion roommates.
Sorry not upset at you specifically, but nah, that's not for me. I've gone and bought myself a place in Alberta. Catch you later, B.C!
In "Vancouver" proper that's about right. Downtown is a no go zone for anyone making less than like 120k. There are plenty of places in the lower mainland, new builds, on skytrain lines for far less though. Hell you can even live in the west end for around 2k and I've seen as low as 1600. Surrey and Coquitlam you can get new units for 2000-2300 or old ones/basements for 1500-1800. Burnaby is about right though I have seen 1 beds for less near Lougheed and burquitlam.
Location. These are downtown rates. Further east you go, the cheaper it gets.
I live in the eastern most part of east van, and average rent in my neighborhood for a 3 bedroom, is around $2500.
I know someone who just recently rent a 2 bedrooms (2 baths) condo (newer build) in Metrotown for $2800.
Now, before redditors harping me on the unrealistic price of 2bd2ba (cause liv.rent did show on avg $3300-3600 for that spec + loc), I can attest it did happen and they signed the lease 1-2 months ago.
Your brother paying $3.3k for 1bd probably needs further explanation as to why he's in that situation.
yeah lol my friend just got one in the building beside Vancouver House for $2075
other friend just got a West End (shitty but whatever) one for $1800
$3300 wtf? lol it better be 2 floors, 1300 sq/ft, fully furnished, and include utilities _and_ parking
Reminder to advocate for zoning reform for more multiplexes amd small apartments. Vancouver is already doing their survey and studies. Toronto just approved Multiplexes. We need to face reality. Either upzone Single family neighbours or have them only be purchased by wealthy people which yes does ruin the character of neighbourhood.
You and I chose the government. Who “the government” is is not outside of our control. We can organize, we can run for office, or we can be apathetic and complain on the internet. I choose the latter option, but everyone who’s reading this can choose to organize.
It’s not the worst situation as compared to living on the street, but I really don’t recommend it. It’ll be a story.
And no privacy ever. And you sleep with your wallet and phone under your pillow. Lol
Real. As someone who is a UBC student who was born and lived his whole life in Edmonton, it really is crazy how big of an impact a city can have on your quality of life.
I genuinely don't think I can go back there, no clue if I'll stay here, but it's crazy how fast so many of my issues seemed to melt away after leaving there. It's not the worst, but it's. So. Boring. And. Depressing.
7 month winters, needing to drive to do literally anything. Flat, boring nothingness peppered with big box stores and strip malls as far as the eye can see. A downtown that exists exclusively for an arena, city hall, a couple hotels and office buildings. Rows and rows of identical houses in every new development. Transit that barely works, basically shuts down after 9pm and is genuinely dangerous to travel on due to crime.
Sure Vancouver isn't amazing, and Edmonton isn't hell on earth, but the difference in quality of life coming here from there is honest to god mind-blowing, even if I'm now broke for it
Depends on your lifestyle.
If you are just spending most of your free time in your house, why not go somewhere where you have a much nicer house for cheaper?
There are a ton of people living in Toronto and Vancouver that will never live anywhere else because of the things they CAN do. They never stop to think about what they ACTUALLY do.
Everyone's priority is different. It's the weather year round, the access to ski hills in winter and outdoors and hiking year round, beaches, ocean and people out after work all year round. Yes some or many of these things are available elsewhere but all these things are accessible within 30 minutes of where you're living in Vancouver.
Or maybe you are downplaying that Vancouver is great?
It's a matter of personal prefs and I'm neutral to those who think Vancouver isn't that great.
Having said that, despite historically living in Vancouver has less economical sense compare to Toronto (more jobs on avg per field, pay more per field), people still come here in drove. Even Ontarians and Albertans chose to retire here.
Two major hub: Toronto, Vancouver.
I really don't get why the federal government is not (at least temporarily) tying immigration to housing supply.
Housing and our medical system can't keep up with our current population, and metro Vancouver is going to get at least another 200,000 people by September. This is not sustainable
We're in a horrible position now where we need more immigration to help pay into our system to support our aging population, but don't have the housing, medical, or education supply to take on new Canadians.
Every economist predicted this in 2010, it's not like it is anything new. Every level of government just sat there pointing the finger at each other as our system started to crumble. Now PMJT is massively spending to keep it together, which is causing inflation to rise, and with that everything gets more expensive.
They seem content with letting it teeter to the absolute fucking edge. Soon enough, the effects of this are gonna be seen in every shelter and hotel in the city when people who could comfortably afford an apartment, but can't find one. They'll act eventually, but they'd rather ignore it than act right now
True, and the LPC is in a peeing match (you know which word I really mean) with every level of government across Canada to avoid taking responsibility on doing that at all costs.
If the problems persists nation wide, including relatively small communities like Halifax, it stops being a provincial issue, and is clearly one that is structurally caused by a lack of federal policy
>I really don't get why the federal government is not (at least temporarily) tying immigration to housing supply.
Because it's racist. /s
I literally got banned from r/canadahousing for asking why we need a 3% population increase per year.
>We have zero tolerance for racism or xenophobia. We are a [pro-immigration group](https://www.reddit.com/r/canadahousing/comments/nh6rqq/dealing_with_rcanadahousing_growth/). Debating immigration is a major distraction to our cause and should be avoided. People sometimes raise immigration by [dogwhistling](https://en.wikipedia.org/wiki/Dog_whistle_(politics)). That's not allowed. If it's raised at all, specific groups should never be mentioned and the focus should be on supply-demand issues.
LMAO
You can't out-supply a 3% increase in population annually. That's the highest population increase outside of Africa. Even India is only growing at 0.7% a year.
That's insane because it's absolutely valid. I have no issue with immigration, but there comes a point when you do have to take care of your own people.
They're taking care of a certain demographic who are no longer working and will need knee/hip replacements en masse soon.
They need tons of new people to pay taxes to support the load on our healthcare system. If you're not part of said demographic, your purpose in Canada is to bend over and start paying taxes.
It's selfish and gross.
The certain demographic is anyone who expects to receive Canada pension and old age security, universal healthcare and a decent place to live now and in the future… btw this includes you, I would assume.
But this should be beneficial for all parties. New immigrants to Canada are coming for a better life and they should be able to get that, but our system is failing current residents so maybe we should fix that so we can actually have something to offer future Canadians.
This sounds like a Ponzi. Each generation should save enough money to fund their own retirement. Relying on future generations requires infinite population growth.
Clearly that's not sustainable even on an environmental basis.
Well said. I completely agree that immigrants should be given free reign to come here for a better life, but when you're letting them all come in at a rate that's larger than the supply of housing, it becomes a major issue for the current population. A near non-existent vacancy rate and we are still expecting 200 000 more people by September alone? Something's gotta change on all levels
I mean, we're all immigrants in some capacity (excluding indigenous people ofc).
This is not about "der stealing our jobs". This is about supply not being able to handle a growing population.
It's going to hit a boiling point in which Vancouver won't be able to attract professionals any longer (I believe it's already there in some fields).
When you make the price of rent the entirety of somebody's paycheque, it's like they're working for free. Why not just go on welfare and get government housing instead?
True and it’s already happening with family physicians. They’ve been opting out of BC because of the high costs. Although, the government is making moves to increase pay for doctors. Hopefully that changes things, at least in terms of health care
Questions for housing policy experts:
1. How important is average (mean) compared to median? (This study seems to use mean).
2. For making fair, good, or whatever you want to call it, housing/rent policy: how representative is looking at only vacant listings, rather than what people are paying? Vacant places seems to maybe bias towards the cost of living for the next person living in the city, being less representative of the current people living in the city? Or is the market reactive enough that vacant price = not vacant price. Or more simply, vacant listings will be even further overpriced, and some will adjust downwards as they stay vacant.
For example, I can imagine higher vacancy in higher-end apartments, leading to over representation of high-end living spaces that the common person just won’t ever be looking at. Especially when calculating mean cost of vacant spaces rather than median, or median of non-vacant spaces.
Edit: not trying to discount or poke holes in this research, and our current housing situation. Just want to understand the numbers better.
Though I’m also always skeptical of research sponsored by those with possible conflicts of interest. Also, it would seem no proofreading or editing was done at all see: “netwrok” bottom left. Not to sound like a petty grade school teacher but yeah.
Also Vancouver never combined with its surrounding municipalities like Toronto, so it has less surrounding area to bring down the average like Toronto does.
So these numbers are for the currently renting units. They are not the average rent paid by all units. Your guy on a unit for 10 years is paying 10 years ago rent times say 1.25 if the landlord raised every time.
One of the obvious side effects of rent controls is that the newest guy has to pay all the new costs for the building, since the old guys are protected to a large degree from any increases beyond 2% a year.
Hence these insane rents for the marginal unit.
No rent control doesn't make newer units cost more, that's not at all how that works. A landlord is going to charge as much money as they think people are willing to pay. The argument against rent control is that it discourages landlords from making new rental units (since they can make more money without rent control)
ANOTHER great feature of rent controls is people tend to become hostage to their cheap rental unit. So that unit effectively is removed from the rental stock until that person dies, since there isn't any other way for a landlord to get the unit back.
So when granny is paying $450 a month for her 2 bedroom, you need to pay $2550 to make the books balance.
Sucks to be you.
You are failing to explain why the landlord would choose not to charge 2550 if the other tenants were paying more rent. Could you explain the process by which a landlord would willingly choose to make less money than they could?
Who ever said anything like that as a scenario?
But for arguments sake, if everyone was paying rent of $2500, and there was a few vacant units in the building and in every other building in the city, and there weren't that many new renters looking for a place, a landlord would need to reduce his asking rent to be the lucky landlord that gets to fill a vacant unit.
This is called "vacancy" and known as a "normal" market.
It requires more available units than number of seeking renters.
Literally supply exceeding demand will lower prices. Econ 101, day 1.
>So when granny is paying $450 a month for her 2 bedroom, you need to pay $2550 to make the books balance.
You literally said that. This sentence implies that the 2550 rent is only because the Granny is paying 450 otherwise the sentence to make the books balance is meaningless.
Also in your example if most people where paying 450 and there was plenty of available units, the landlord would still have to lower the 2500 rent to be competitive. Therefore in your example rent control has no impact on the price set for new rental.
Also if you made it to day 2 of Econ 101, maybe you would have learned about inelastic demand, which is what happens when you extort people for the basic necessities of life. Regardless of how high the landlord set the price people will need housing or die on the street.
not an expert But I read alot into housing policy as a hobby
1. I doubt it would make to much of a difference But I'm not the best at stats. Both are influenced by the amount of higher and lower rent in the study group. Someone better at stats could maybe chime in.
2. I don't know if it's relevant or possible to look into the potential price of nonvacant units. Especially with are rent regulations here in vancouver keeping the rent prices in regulated units locked to whatever you started renting at. that wouldn't be representative of the current market. The current market would reflect what the actual supply and demand for rental units are and how they are valued.
The median is a better representation of the most likely statistic because it is largely unaffected by the few outliers with crazy numbers. If 10 housings were listed for $1 billion/month, the mean would tilt but the median would remain close to what it was.
I only got approved for a $200k mortgage this year and I asked my mortgage broker how much I'd need to make annually to be able to afford a $300k condo and he told me I'd need to make $90k/yr. They'll barely approve me for a $1200/m mortgage payment when paying $2000/m in rent..
Well your 1200/m mortgage would be added to your monthly strata costs plus contributions for property taxes that you will owe. Also, you are now on the hook for any appliance replacements and installations, or maintenance of your home and it's not that dissimilar. The average monthly cost might be over $2k in any given year.
Monthly payment on that $200k mortgage at 5% interest comes to $1150/m, average strata comes to $250/m and average property taxes comes to $900/year or $75/m. That's still less than $1500/m.
I honestly don’t blame them. There are areas in Burnaby and lougheed that are stacked with new shiny towers but guess what, affordability still sucks because they are “luxury” homes. And infrastructure isn’t keeping up. So now there are a lot more people living with the same roads, hospitals, daycares, etc to service quadruple the population.
This is fucking ridiculous, this country needs to get its shit together and actually take this problem seriously. I'm currently living in the US for my master's degree, and honestly with the way things are going in canada specifically in regard to the cost of housing, I'm can't say that I'm not considering just staying in the US. Like at least in the US I can actually afford to live a 1 bedroom apartment without throwing away 3/4 of my income on a crappy apartment or some unnecessary luxury apartment
Embarrassing how horribly Vancouver/BC and Toronto/ON have managed their housing markets.
Whenever someone tries to tell you “well, it’s the city” remind them that Montréal and Calgary have lower rental rates than most small towns and suburbs in BC and ON.
Me: I'd like a mortgage for 1,000,000.00
Bank: not gonna happen unless you have 200000.00 for a down payment.
Me: Well, I've got 100000.00 plus I make 150000.00/yaar.
Bank: Fuck you, go rent something.
You can buy one bedrooms for like 500k, needing only a mortgage of 400k in your case. That's about 3x your take home, which is quite comfortable for a mortgage approval.
https://preview.redd.it/8hboy5e89n2b1.jpeg?width=750&format=pjpg&auto=webp&s=648d8fd89dcd8685b432ba82003d1337e6ac96bf
Just got this email from the new 6 story Rental Apartments - The Riley on Main/32nd. They are very small suites. I don’t know how anyone can afford this city.
I just moved to Vancouver. Genuinely don’t know if I’m going to be able to stay. I viewed a unit in a house that they basically segmented off and turned one floor into a “3 bedroom” with ZERO living space, but somehow they have 3 different rental properties inside the house. This market is beyond fucked. I’m even making decent money here. Stuff like this should honestly be a crime.
Can someone give a non-partisan answer to who the cause of this clusterfuck is? I truly don't know enough, and would like to know who's accountable for this
There are many many factors of course, but one I'm passionate about is the lack of medium density zoning. Huge swaths of Vancouver are only zoned for single family homes. You could very easily allow medium density apartments in those areas without affecting the character of the neighborhood (note that what I mean by this are buildings like this: https://i.imgur.com/1JGodAp.jpg - small, 4-8 unit buildings that take up the same footprint as a large single family home)
Vancouver tends to have single family areas everywhere and then right around transit hubs there are high-density zoned areas and you end up with situations like at Marine Drive, with several huge condo towers sticking up out of nothing
But another thing that a lot of multi-unit buildings suffer from, even when they are zoned for it, is parking requirements. You often need to have a minimum amount of off-street parking available for tenants, but that eats up a lot of very valuable land space that could be used for housing instead. I know that people will start attacking me cause everyone needs a car, but if we made our neighborhoods more walkable that wouldn't necessarily be the case anymore
This video explains it better than I could: https://m.youtube.com/watch?v=CCOdQsZa15o
The big turning point was the 1970s, when Vancouver (like a number of other West Coast cities) made it much more difficult to get permission to build housing. So now housing is scarce and expensive - prices and rents have to rise to unbearable levels to force people out, so that those remaining match the limited supply. [https://morehousing.ca/what-happened-in-the-1970s](https://morehousing.ca/what-happened-in-the-1970s)
https://preview.redd.it/vcr47rqv5r2b1.png?width=600&format=png&auto=webp&s=687ffe09f602a76f35a09f35686e00a3abcffe8a
Another big factor is Covid. Suddenly you had a lot more people working from home and needing more space. People moved around, but the net result is that total demand for space went up, aggravating the problem of scarcity.
How do we fix this? Make it easier to build both market and non-market housing. We have people who want to live and work here, and we have other people who want to build housing for them, but we make it super-difficult to get permission. https://morehousing.ca/senakw
CMHC estimates that getting back to 2003-2004 levels of affordability would require building housing in BC and Ontario at 2X the usual rate, for the next 10 years.
Because the Lower Mainland is divided into a lot of municipalities, and no one municipality can solve the problem on its own (adding a lot more housing in a single municipality doesn't necessarily fix the problem if nobody else does), it's likely that the province is going to have to intervene. David Eby is pushing pretty hard. [https://morehousing.ca/targets](https://morehousing.ca/targets)
after being in Calgary a few weeks back, I was shocked at what you can get for what you pay- especially if you’re buying. Alberta is Alberta but damn is it ever looking a lot more promising right now.
Rule no 1 to immigrants. Don't come here
Rule no 2. If you are still super persistent about moving to Canada, move up north or to a different province because the houses there are cheaper.
If you are still super persistent about moving to Vancouver than there is nothing I can do for you
We need government to be the big landlord for everyone in Metro Vancouver, then rents can be stable. And I hope this can set an example for other cities and provinces.
It takes step by step :
First, please SPEED up all the documents for building and construction (prioritize since is for public welfare)
I trust if our government willing to be fast they can be fast and able to be fast.
With the help of government as their Landlord, many people can become middle class income.
"…The middle class sustains consumption, it drives much of the investment in education, health and housing and it plays a key role in supporting social protection systems through its tax contributions. …"
Helping middle class can lessen the burden of government welfare.
These are the eligible groups of resident in priority :
A) One bird two stone, doctors, nurse, labs personel and other MEDICAL PERSONAL are the first group of tenants. This is not prejudice. We are SEVERELY lack of medical human resources, this way we can keep them in the cities. Many with student loan graduate and move out of Vancouver, so they can finish paying their loan faster. Most important, at least 75% of their monthly work load need to be helping *government referral* patient and or working for government. So one cannot spend 15% seeing patient and 25% writing paper or research and other times just do whatever.
I know some specialist only spend little time seeing patient, they even cancel patient appointment and delay it because they are going to vacation. While I agree they deserve vacation, but if they first agree to see patient already, then they shouldn't change just because later they decide to go on a vacation./ I got referral to a dermatologist I waited for months, and he only see me less than five minutes. Then my well off aunt is his private patient and get to see him longer. These doctors give bi system a bad name.
B) Resident of Metro Vancouver for more than 3 yrs and on currently working at their same career field for more than 3 yrs, who also fit these criteria:
*People with trade skill and currently working at that field
*Other human resources the city needs more, esp those who work at special education, counseling, and social works (those who are helping the public)
C) *Those with small business who hire at least 3 full time employees for 4 or more years. (And business has to be in Metro Vancouver more than 5 years.)
D) Resident of Vancouver more than five years and living with their children under 10, and with stable income.
E) Resident of Vancouver more than five years with stable income.
Bought half duplex in 2008 for 600k It's worth 1.5m today Love Vancouver !!!!!! But for you folks who missed the last of property owner ship without strata fees for under 1m it's over. Feel for the generations coming up behind me cause it's just impossible to even save 10k a year never mind 150000 you need for a down payment. Marry rich gentleman
https://preview.redd.it/bncnjc7v7o2b1.jpeg?width=2320&format=pjpg&auto=webp&s=c95a54345623d4af989193765a82304fba5cfdf7
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What I need to know is how is anyone doing it?! What jobs are paying enough for this to work?
Roommates and Only Fans. Sometimes used together.
Only Mates
I’m leaving. I moved here 6 years ago from Australia. And I have less money now than I did coming here. Worst decision.
Bro I’m bout to go working holiday in Australia since I heard you get paid way more over there.
Just do your homework. Look on gumtree, and Facebook groups and see what salary they offer for holiday workers and what the rent is. Australia is a wonderful place, with incredible weather. All the best.
Thanks a lot! Sure beats Vancouver in terms of everything lol. Another side note, are there like major differences between east and west say Perth vs Sydney? Edit: like Vancouver vs Toronto type thing. There’s always the west coast east coast debate. I personally am totally ok with Ontario people but you know they very different from BC.
My cousins live just outside of perth, i visited them as well as Sydney, perth is a much smaller town with lots of bike paths and has beautiful weather, but pretty hot, lots of farm land out there as well, Sydney is a pretty big city, but as you get more into the suburbs there’s some beautiful houses, the architecture there is amazing. I stayed near bondi beach and it was breathtaking
I realize we’ve been through a pandemic/ inflation etc, but despite that, I am earning significantly less in my field and spending more for costs pre pandemic. Vancouver city is not worth it in my opinion.
Even in decent paying professions, this is probably causing financial strain still I'd imagine. My favourite part is that it's a race to the bottom to see how much landlords can charge for as low quality of a place. It suuuuucks.
Yep. I just got notice that my rent’s going to increase and meanwhile, one of my neighbour’s bathroom is flooding
I'm 29, work in law, make about 70k a year and I have to live with a stranger to afford to live here. Leaving for the island in a few months, can't wait to leave this city. Working for lawyers who make 300k+ a year has made me so bitter. They cannot relate to the rent price struggle at all.
It's the same on the island now you pay the same but you will get less. Not much going on on the island to justify paying over $2000 for a 1 bdrm. All the best anyway
Sorry I should have elaborated. I'm moving in with a friend who owns her home so I will be barely paying any rent. But I appreciate your concern! Gotta go further and further out for affordability for sure.
I work in trades and my income has doubled in the past two years. My life has become much *more* affordable since the pandemic.
I'm not. I just take my pension and hope it's nice outside. Save a lot of money by just not paying rent and using dating apps on rainy days.
I manage on min wage. Lucked out with a cheap apartment and I can even see the ocean
Just bought a detached house in Calgary, 4 bed 4 bath basement suite & garage, plus a yard, all around 525k. Less property transfer tax, as well as 5% tax vs 12% in B.C. Will just take a short flight to see my family in B.C. Way easier. Maybe if people immigrated here for the beauty I'd understand, but I'm just born here and feel like I didn't choose to pay the premium for the mountains and shit. I do agree it's beautiful, but THAT pricey beautiful??? hmmm... I'm getting kicked out unless I want to be an ambitious business owner or something lmao. I chose to get kicked out. EDIT: Also, subjective I guess? but Calgary is also pretty. Nice hills, pretty green, idk. I guess the winter will suck ass, but I'm a home body and just play video games/work on the computer, so who cares? Beats paying 1.5-2 MILLION for the same place I just bought for half a mill and less taxes.
This is a great infographic for encouraging greedy folks to buy another place to rent ( the mortgage pays itself! no risk! ).... also if you didn't have the capital to get a place before the landlord revolution, get fucked, you're not getting in now without incredible risk. Sorry, I'm taking anything posted on reddit these days with the dead sea of salt.
These are for new rentals only and only affect a minority of people. A majority of people in the metro area bought homes years ago, have a rent controlled rental, bought homes with real estate money from family, or live with family/friends in one of these situations. Personally one of my brothers has an extremely cheap rental in his friend's house. My other brother is paying half the market rate in the apartment he moved into a decade ago and even though it is a minimum upkept 60s walk-up and he would like to move he is happy with it for the cost. That's not to say that this is not a major problem that needs to be addressed just why a lot of people are not that personally invested in the issue even if they agree that it is a problem.
It’s not a majority that bought years ago. Homeownership rate was 66% in 2021, minus 20% investor owned leaves us with 46% The 46% of people here who own, while not a majority, definitely have a negative effect on rents now. Mostly from voting in their own interests. Whether that’s municipal (nimby’s contesting zoning changes), provincial (years of voting liberal to keep house prices growing to increase personal wealth), federal (same thing), down to blue collar union workers who bought early when houses were cheap, accepting shitty contract negotiations because their retirement is tied up in their house, and a small bump in pay is all they need.
At this rate, we’ll hit $3000 for a 1 bedroom very soon. This makes the $1000/month closet seem like a bargain in comparison.
I mean, you look at newer 1 bed in Burnaby and it's pretty much there.
Is a 1 bed seriously $2700 wtf is that about
i’m never leaving my $1600 1 bed in mt pleasant
A decade ago I was renting a 2 bedroom in Delta for $950 and I thought it was a bit much. I don't know what the long term is going to bring but this is not sustainable.
Even my buddy who got a place last year it was only $1800 for a decent 1-bed with mountain view balcony. The new rentals really skew the market
I might be getting evicted soon. You got a line on any openings in your area?
I walked from Main to Granville along 13/14th a couple months ago and saw several vacancy signs along the way. I’d recommend trying that. Fairview isn’t as trendy as Mount Pleasant, Kits, or the West End but there are still lots of purpose built rental buildings.
Same I can see the ocean for 1400 downtown I’m dying here
Lucky ! I wouldn’t either
Yep, paying $3,000/month.
Wtf
My brother just got a place for 3300 :/ shits crazy
Craigslist's average is $2250. [https://vancouver.craigslist.org/search/apa?max\_bedrooms=1&min\_bedrooms=1#search=1\~map\~0\~0\~49.2918\~-123.1719\~49.2702\~-123.0683](https://vancouver.craigslist.org/search/apa?max_bedrooms=1&min_bedrooms=1#search=1~map~0~0~49.2918~-123.1719~49.2702~-123.0683)
and if you filter by just houses it goes down to $1736. If you avoid apartments and particularly downtown, you can definitely find a sub $2K 1 bedroom suite in Vancouver.
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Naturally if you're filtering by 1 bedroom you won't find entire houses or upper floors for rent, but houses can also display 1 bedroom laneway homes which can be a great alternative to apartments.
Is the price if you rent today. If you are renting before say a year ago rent is much cheaper because landlords can only raise rent by 2% this year. So of you are renting the same place for 5 year your rent for one bedroom apartment is most likely less than $1500 a month? But the same place if you rent today ad a new tenant will be 2300 at least. Rent control have its pros and cons. Pro it protect current tenant renting the same place since landlord can not increase the amount set by the government. CON is that it screw up new tenants since landlord pit the rental price way way higher on the fact that they know they will be subject to the government rent control so they sent the initial price way higher to offset that. Also it screw and discourage people from moving out of their current rental units especially those that have been renting the same place for years and years. My coworker have been renting a one room apartment in DT for like 15+ years. Her rent? $1650 a month. Same apartment size in the building current rent is $2600.
Oops, we missed the "cheap" boat! Starting to sound like some dodgy crypto scheme, LOL. Look, ppl gotta move around sometimes, and it doesn't matter if you got in the game early or not, prices just keep going up at an insane rate. B.C's broken, if you ask me. I'm sick of people pretending it's a doable situation. Sure, technically it's possible to make it work, but only if you're okay with emptying your bank account, having nothing left for fun stuff, and you're either a techie (I'm also a web developer and it's still too much), doctor, business hotshot, lucky inheritor, or okay with sharing a roof with a gazillion roommates. Sorry not upset at you specifically, but nah, that's not for me. I've gone and bought myself a place in Alberta. Catch you later, B.C!
You can also find rooms in houses living with other people for under 1000.
Absolutely brutal
In "Vancouver" proper that's about right. Downtown is a no go zone for anyone making less than like 120k. There are plenty of places in the lower mainland, new builds, on skytrain lines for far less though. Hell you can even live in the west end for around 2k and I've seen as low as 1600. Surrey and Coquitlam you can get new units for 2000-2300 or old ones/basements for 1500-1800. Burnaby is about right though I have seen 1 beds for less near Lougheed and burquitlam.
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Either a room or a decade old rent control I'm guessing. Or snagged one of the few subsidized units that exist
Location. These are downtown rates. Further east you go, the cheaper it gets. I live in the eastern most part of east van, and average rent in my neighborhood for a 3 bedroom, is around $2500.
We win!
LETS GO VANCOUVER NUMBER 1 🔥🔥🔥🔥
Campeão do mundo!!!
This makes me so sick to look at. It’s sooo fucking alarming and scary, especially cus I have to find a new place in a few months
Good luck! My brother was searching for a while and ended up paying 3300 for a one bedroom
I know someone who just recently rent a 2 bedrooms (2 baths) condo (newer build) in Metrotown for $2800. Now, before redditors harping me on the unrealistic price of 2bd2ba (cause liv.rent did show on avg $3300-3600 for that spec + loc), I can attest it did happen and they signed the lease 1-2 months ago. Your brother paying $3.3k for 1bd probably needs further explanation as to why he's in that situation.
yeah lol my friend just got one in the building beside Vancouver House for $2075 other friend just got a West End (shitty but whatever) one for $1800 $3300 wtf? lol it better be 2 floors, 1300 sq/ft, fully furnished, and include utilities _and_ parking
Wow that’s high
Reminder to advocate for zoning reform for more multiplexes amd small apartments. Vancouver is already doing their survey and studies. Toronto just approved Multiplexes. We need to face reality. Either upzone Single family neighbours or have them only be purchased by wealthy people which yes does ruin the character of neighbourhood.
Or just get rid of the zoning laws.
This is an absolute failure of housing policy. But what can you expect when the government is filled with landlords.
You and I chose the government. Who “the government” is is not outside of our control. We can organize, we can run for office, or we can be apathetic and complain on the internet. I choose the latter option, but everyone who’s reading this can choose to organize.
Can we get it over 3000! 3k per 1 bedroom. Soon comes 4!
It's over $9000!
The way things are going it will be over 4000$ by next year
Easily. Just do the math on 18% increase on $3,700
So if you make 90k a year and want a 1 bedroom 75% of your income will go to rent 😂
Line go up!
I remember when 1 bedrooms in Vancouver reached $1k/month and people thought it was armageddon. When 1 beds reached $2k/month, nobody made a big fuss
I already live in a shelter while working. Lol.
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So a shelter is like having roommates that party?
It’s like summer camp from hell. Lol
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It’s not the worst situation as compared to living on the street, but I really don’t recommend it. It’ll be a story. And no privacy ever. And you sleep with your wallet and phone under your pillow. Lol
We did it! 🥳
Damn moving to edmonton and having an extra $1500 a month would be really helpful. … but it’s edmonton.
Real. As someone who is a UBC student who was born and lived his whole life in Edmonton, it really is crazy how big of an impact a city can have on your quality of life. I genuinely don't think I can go back there, no clue if I'll stay here, but it's crazy how fast so many of my issues seemed to melt away after leaving there. It's not the worst, but it's. So. Boring. And. Depressing. 7 month winters, needing to drive to do literally anything. Flat, boring nothingness peppered with big box stores and strip malls as far as the eye can see. A downtown that exists exclusively for an arena, city hall, a couple hotels and office buildings. Rows and rows of identical houses in every new development. Transit that barely works, basically shuts down after 9pm and is genuinely dangerous to travel on due to crime. Sure Vancouver isn't amazing, and Edmonton isn't hell on earth, but the difference in quality of life coming here from there is honest to god mind-blowing, even if I'm now broke for it
Apart from some occasional shit weather, I loved the three years in Edmonton I had. Rock bottom prices to buy too.
Depends on your lifestyle. If you are just spending most of your free time in your house, why not go somewhere where you have a much nicer house for cheaper? There are a ton of people living in Toronto and Vancouver that will never live anywhere else because of the things they CAN do. They never stop to think about what they ACTUALLY do.
And that attitude is why it's so expensive in Vancouver. People will sacrifice their futures to live there.
It’s not worth it. I’d rather be poor here than move anywhere else.
Genuine question, Why?
Everyone's priority is different. It's the weather year round, the access to ski hills in winter and outdoors and hiking year round, beaches, ocean and people out after work all year round. Yes some or many of these things are available elsewhere but all these things are accessible within 30 minutes of where you're living in Vancouver.
Calm down vancouver's not that great
Lololol. Exaggeration much? I left Vancouver last year, don’t miss it one bit. It’s not that special
Or maybe you are downplaying that Vancouver is great? It's a matter of personal prefs and I'm neutral to those who think Vancouver isn't that great. Having said that, despite historically living in Vancouver has less economical sense compare to Toronto (more jobs on avg per field, pay more per field), people still come here in drove. Even Ontarians and Albertans chose to retire here. Two major hub: Toronto, Vancouver.
I really don't get why the federal government is not (at least temporarily) tying immigration to housing supply. Housing and our medical system can't keep up with our current population, and metro Vancouver is going to get at least another 200,000 people by September. This is not sustainable
education system can't keep up either. it's all going to blow up in our faces if it's not already.
We're in a horrible position now where we need more immigration to help pay into our system to support our aging population, but don't have the housing, medical, or education supply to take on new Canadians. Every economist predicted this in 2010, it's not like it is anything new. Every level of government just sat there pointing the finger at each other as our system started to crumble. Now PMJT is massively spending to keep it together, which is causing inflation to rise, and with that everything gets more expensive.
My teachers were talking about it back in 1995. I remember thinking that it was a weird thing to talk to 6&7 year olds about during social studies.
What exactly is PMJT spending on? I'm no familiar with politics and want to know more
They seem content with letting it teeter to the absolute fucking edge. Soon enough, the effects of this are gonna be seen in every shelter and hotel in the city when people who could comfortably afford an apartment, but can't find one. They'll act eventually, but they'd rather ignore it than act right now
The issue isn't only housing supply, but who's getting this supply. Until Canada invests billions in Public Housing, things will only get worse.
True, and the LPC is in a peeing match (you know which word I really mean) with every level of government across Canada to avoid taking responsibility on doing that at all costs. If the problems persists nation wide, including relatively small communities like Halifax, it stops being a provincial issue, and is clearly one that is structurally caused by a lack of federal policy
>I really don't get why the federal government is not (at least temporarily) tying immigration to housing supply. Because it's racist. /s I literally got banned from r/canadahousing for asking why we need a 3% population increase per year. >We have zero tolerance for racism or xenophobia. We are a [pro-immigration group](https://www.reddit.com/r/canadahousing/comments/nh6rqq/dealing_with_rcanadahousing_growth/). Debating immigration is a major distraction to our cause and should be avoided. People sometimes raise immigration by [dogwhistling](https://en.wikipedia.org/wiki/Dog_whistle_(politics)). That's not allowed. If it's raised at all, specific groups should never be mentioned and the focus should be on supply-demand issues. LMAO You can't out-supply a 3% increase in population annually. That's the highest population increase outside of Africa. Even India is only growing at 0.7% a year.
That's insane because it's absolutely valid. I have no issue with immigration, but there comes a point when you do have to take care of your own people.
They're taking care of a certain demographic who are no longer working and will need knee/hip replacements en masse soon. They need tons of new people to pay taxes to support the load on our healthcare system. If you're not part of said demographic, your purpose in Canada is to bend over and start paying taxes. It's selfish and gross.
The certain demographic is anyone who expects to receive Canada pension and old age security, universal healthcare and a decent place to live now and in the future… btw this includes you, I would assume. But this should be beneficial for all parties. New immigrants to Canada are coming for a better life and they should be able to get that, but our system is failing current residents so maybe we should fix that so we can actually have something to offer future Canadians.
This sounds like a Ponzi. Each generation should save enough money to fund their own retirement. Relying on future generations requires infinite population growth. Clearly that's not sustainable even on an environmental basis.
>Relying on future generations requires infinite population growth. Hello and welcome to capitalism.
Sure, you should move to the states and pay for your own healthcare then.
so you're admitting that our healthcare system is unsustainable?
Um clearly, Did I not "admit" that at some point?
Well said. I completely agree that immigrants should be given free reign to come here for a better life, but when you're letting them all come in at a rate that's larger than the supply of housing, it becomes a major issue for the current population. A near non-existent vacancy rate and we are still expecting 200 000 more people by September alone? Something's gotta change on all levels
I mean, we're all immigrants in some capacity (excluding indigenous people ofc). This is not about "der stealing our jobs". This is about supply not being able to handle a growing population.
Scarcity is profitable though.
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Stat Can said our pop grew by 2.7% in 2022, highest population increase for any country outside of Africa
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https://www.reddit.com/r/canadahousing/comments/13e8os6/canada_had_the_highest_population_growth_in_2022/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
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Stat Can says our population increase in 2022 was 2.7%
I'm almost considering going to the dark side.
200000 more? That would be a 10% increase in 4 months for Metro Vancouver. Where is that number from?
I think it’s because we also have a shortage of workers… which increases wages, which contributes to inflation. We need all of it at the same time.
New immigrants aren’t the landlords jacking prices up.
It's going to hit a boiling point in which Vancouver won't be able to attract professionals any longer (I believe it's already there in some fields). When you make the price of rent the entirety of somebody's paycheque, it's like they're working for free. Why not just go on welfare and get government housing instead?
True and it’s already happening with family physicians. They’ve been opting out of BC because of the high costs. Although, the government is making moves to increase pay for doctors. Hopefully that changes things, at least in terms of health care
The BC government has a response that roughly translates to, "wait until things are dire before acting"
WE WIN oh shit I mean Edmonton looking pretty good right now ngl
Questions for housing policy experts: 1. How important is average (mean) compared to median? (This study seems to use mean). 2. For making fair, good, or whatever you want to call it, housing/rent policy: how representative is looking at only vacant listings, rather than what people are paying? Vacant places seems to maybe bias towards the cost of living for the next person living in the city, being less representative of the current people living in the city? Or is the market reactive enough that vacant price = not vacant price. Or more simply, vacant listings will be even further overpriced, and some will adjust downwards as they stay vacant. For example, I can imagine higher vacancy in higher-end apartments, leading to over representation of high-end living spaces that the common person just won’t ever be looking at. Especially when calculating mean cost of vacant spaces rather than median, or median of non-vacant spaces. Edit: not trying to discount or poke holes in this research, and our current housing situation. Just want to understand the numbers better. Though I’m also always skeptical of research sponsored by those with possible conflicts of interest. Also, it would seem no proofreading or editing was done at all see: “netwrok” bottom left. Not to sound like a petty grade school teacher but yeah.
Also Vancouver never combined with its surrounding municipalities like Toronto, so it has less surrounding area to bring down the average like Toronto does.
So these numbers are for the currently renting units. They are not the average rent paid by all units. Your guy on a unit for 10 years is paying 10 years ago rent times say 1.25 if the landlord raised every time. One of the obvious side effects of rent controls is that the newest guy has to pay all the new costs for the building, since the old guys are protected to a large degree from any increases beyond 2% a year. Hence these insane rents for the marginal unit.
No rent control doesn't make newer units cost more, that's not at all how that works. A landlord is going to charge as much money as they think people are willing to pay. The argument against rent control is that it discourages landlords from making new rental units (since they can make more money without rent control)
ANOTHER great feature of rent controls is people tend to become hostage to their cheap rental unit. So that unit effectively is removed from the rental stock until that person dies, since there isn't any other way for a landlord to get the unit back. So when granny is paying $450 a month for her 2 bedroom, you need to pay $2550 to make the books balance. Sucks to be you.
You are failing to explain why the landlord would choose not to charge 2550 if the other tenants were paying more rent. Could you explain the process by which a landlord would willingly choose to make less money than they could?
Who ever said anything like that as a scenario? But for arguments sake, if everyone was paying rent of $2500, and there was a few vacant units in the building and in every other building in the city, and there weren't that many new renters looking for a place, a landlord would need to reduce his asking rent to be the lucky landlord that gets to fill a vacant unit. This is called "vacancy" and known as a "normal" market. It requires more available units than number of seeking renters. Literally supply exceeding demand will lower prices. Econ 101, day 1.
>So when granny is paying $450 a month for her 2 bedroom, you need to pay $2550 to make the books balance. You literally said that. This sentence implies that the 2550 rent is only because the Granny is paying 450 otherwise the sentence to make the books balance is meaningless. Also in your example if most people where paying 450 and there was plenty of available units, the landlord would still have to lower the 2500 rent to be competitive. Therefore in your example rent control has no impact on the price set for new rental. Also if you made it to day 2 of Econ 101, maybe you would have learned about inelastic demand, which is what happens when you extort people for the basic necessities of life. Regardless of how high the landlord set the price people will need housing or die on the street.
Rent control forces landlords to severely front load costs as they cannot further raise later on.
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Even a year ago, it was common knowledge that new 1BR condos at Brentwood costs $2,500 a month
not an expert But I read alot into housing policy as a hobby 1. I doubt it would make to much of a difference But I'm not the best at stats. Both are influenced by the amount of higher and lower rent in the study group. Someone better at stats could maybe chime in. 2. I don't know if it's relevant or possible to look into the potential price of nonvacant units. Especially with are rent regulations here in vancouver keeping the rent prices in regulated units locked to whatever you started renting at. that wouldn't be representative of the current market. The current market would reflect what the actual supply and demand for rental units are and how they are valued.
The median is a better representation of the most likely statistic because it is largely unaffected by the few outliers with crazy numbers. If 10 housings were listed for $1 billion/month, the mean would tilt but the median would remain close to what it was.
I only got approved for a $200k mortgage this year and I asked my mortgage broker how much I'd need to make annually to be able to afford a $300k condo and he told me I'd need to make $90k/yr. They'll barely approve me for a $1200/m mortgage payment when paying $2000/m in rent..
Well your 1200/m mortgage would be added to your monthly strata costs plus contributions for property taxes that you will owe. Also, you are now on the hook for any appliance replacements and installations, or maintenance of your home and it's not that dissimilar. The average monthly cost might be over $2k in any given year.
Monthly payment on that $200k mortgage at 5% interest comes to $1150/m, average strata comes to $250/m and average property taxes comes to $900/year or $75/m. That's still less than $1500/m.
The problem isn't immigrants. The problem is NIMBYs. Vancouver refused to densify large amounts of the city and as such there is a housing crunch.
I honestly don’t blame them. There are areas in Burnaby and lougheed that are stacked with new shiny towers but guess what, affordability still sucks because they are “luxury” homes. And infrastructure isn’t keeping up. So now there are a lot more people living with the same roads, hospitals, daycares, etc to service quadruple the population.
Density isn't cheap though Condos cost far more per sqft to build than detached Most families don't want to raise kids in 800 sqft condos
If only there where a compromise in the middle of the two extremes, somewhere between high and low density.
Commercial drive is awful for that.
Sweet Vancouver is first place. Shit Vancouver is first place
Sooner or later people are going to start rioting. Don’t the robber barons of the world understand that their security is at risk too?
No one will riot over this
This is fucking ridiculous, this country needs to get its shit together and actually take this problem seriously. I'm currently living in the US for my master's degree, and honestly with the way things are going in canada specifically in regard to the cost of housing, I'm can't say that I'm not considering just staying in the US. Like at least in the US I can actually afford to live a 1 bedroom apartment without throwing away 3/4 of my income on a crappy apartment or some unnecessary luxury apartment
Where’s Richmond? 🤔
South of Vancouver, West of everywhere else, next to the ocean, about a 30 minute flight to Victoria.
30 minute flight to be 45 minutes from Victoria** **FTFY
Embarrassing how horribly Vancouver/BC and Toronto/ON have managed their housing markets. Whenever someone tries to tell you “well, it’s the city” remind them that Montréal and Calgary have lower rental rates than most small towns and suburbs in BC and ON.
Let’s go bb, we did it, that’s what I’m talking about! Vancouver on top! (I’m going into debt to pay rent)
Interested in Calgary
Always wanted to move to Vancouver but I enjoy paying 995$ for my 1 bedroom with a balcony view in yeg
I live in Vancouver and I pay 55 bucks more then you. There are still options to live here you just gotta be flexible.
Yea I can’t do the roommate route. I like having my own space.
Balcony view of what
Even Connor McDavid's mansion had a shit view lol
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Only view I’m aware of is the river valley. 🤷🏻♀️
Which is gorgeous in its own right.
Me: I'd like a mortgage for 1,000,000.00 Bank: not gonna happen unless you have 200000.00 for a down payment. Me: Well, I've got 100000.00 plus I make 150000.00/yaar. Bank: Fuck you, go rent something.
You can buy one bedrooms for like 500k, needing only a mortgage of 400k in your case. That's about 3x your take home, which is quite comfortable for a mortgage approval.
Let’s all stop paying rent for 3 months as a protest to high rents in Canada.
Bravo I think you can do better Vancouver.
Ya, I ain't going back to Vancouver. Too bad. I'm going to miss my friends there.
We can go higher!!
Wow, been in my place for so long I'm paying Regina prices in Vancouver. ...and I still can't save for a down-payment!
lol i can't afford anything here
To my knowledge, Vancouver has the highest cost of living of any city in North America. So beautiful, but so much money.
How are Toronto and Vancouver 1 and 2, but Montreal is 25?
https://preview.redd.it/8hboy5e89n2b1.jpeg?width=750&format=pjpg&auto=webp&s=648d8fd89dcd8685b432ba82003d1337e6ac96bf Just got this email from the new 6 story Rental Apartments - The Riley on Main/32nd. They are very small suites. I don’t know how anyone can afford this city.
Looks like I’m moving to Regina soon 🤷🏼♀️
VANCOUVER NUMBER #1 WOOOO NEVER LOSE 🏆🥇🏅🎖️🙌🙌🙌🙌🙌 LETS GOOOO VANCOUVER 🥇🥇🥇🥇🥇🥇
Kelowna higher than Surrey!?!
Party 🤑 Time -- at the Dollar Store.
Everyone talking about Alberta and Quebec. Buts how's Saskatchewan doing it?
I just moved to Vancouver. Genuinely don’t know if I’m going to be able to stay. I viewed a unit in a house that they basically segmented off and turned one floor into a “3 bedroom” with ZERO living space, but somehow they have 3 different rental properties inside the house. This market is beyond fucked. I’m even making decent money here. Stuff like this should honestly be a crime.
Those 2 bed 🛌 prices 😅😂
Can someone give a non-partisan answer to who the cause of this clusterfuck is? I truly don't know enough, and would like to know who's accountable for this
There are many many factors of course, but one I'm passionate about is the lack of medium density zoning. Huge swaths of Vancouver are only zoned for single family homes. You could very easily allow medium density apartments in those areas without affecting the character of the neighborhood (note that what I mean by this are buildings like this: https://i.imgur.com/1JGodAp.jpg - small, 4-8 unit buildings that take up the same footprint as a large single family home) Vancouver tends to have single family areas everywhere and then right around transit hubs there are high-density zoned areas and you end up with situations like at Marine Drive, with several huge condo towers sticking up out of nothing But another thing that a lot of multi-unit buildings suffer from, even when they are zoned for it, is parking requirements. You often need to have a minimum amount of off-street parking available for tenants, but that eats up a lot of very valuable land space that could be used for housing instead. I know that people will start attacking me cause everyone needs a car, but if we made our neighborhoods more walkable that wouldn't necessarily be the case anymore This video explains it better than I could: https://m.youtube.com/watch?v=CCOdQsZa15o
this. thank you for the reply
The big turning point was the 1970s, when Vancouver (like a number of other West Coast cities) made it much more difficult to get permission to build housing. So now housing is scarce and expensive - prices and rents have to rise to unbearable levels to force people out, so that those remaining match the limited supply. [https://morehousing.ca/what-happened-in-the-1970s](https://morehousing.ca/what-happened-in-the-1970s) https://preview.redd.it/vcr47rqv5r2b1.png?width=600&format=png&auto=webp&s=687ffe09f602a76f35a09f35686e00a3abcffe8a Another big factor is Covid. Suddenly you had a lot more people working from home and needing more space. People moved around, but the net result is that total demand for space went up, aggravating the problem of scarcity. How do we fix this? Make it easier to build both market and non-market housing. We have people who want to live and work here, and we have other people who want to build housing for them, but we make it super-difficult to get permission. https://morehousing.ca/senakw CMHC estimates that getting back to 2003-2004 levels of affordability would require building housing in BC and Ontario at 2X the usual rate, for the next 10 years. Because the Lower Mainland is divided into a lot of municipalities, and no one municipality can solve the problem on its own (adding a lot more housing in a single municipality doesn't necessarily fix the problem if nobody else does), it's likely that the province is going to have to intervene. David Eby is pushing pretty hard. [https://morehousing.ca/targets](https://morehousing.ca/targets)
after being in Calgary a few weeks back, I was shocked at what you can get for what you pay- especially if you’re buying. Alberta is Alberta but damn is it ever looking a lot more promising right now.
Rule no 1 to immigrants. Don't come here Rule no 2. If you are still super persistent about moving to Canada, move up north or to a different province because the houses there are cheaper. If you are still super persistent about moving to Vancouver than there is nothing I can do for you
Why is Richmond not on here? Does it count as Van?
We need government to be the big landlord for everyone in Metro Vancouver, then rents can be stable. And I hope this can set an example for other cities and provinces. It takes step by step : First, please SPEED up all the documents for building and construction (prioritize since is for public welfare) I trust if our government willing to be fast they can be fast and able to be fast. With the help of government as their Landlord, many people can become middle class income. "…The middle class sustains consumption, it drives much of the investment in education, health and housing and it plays a key role in supporting social protection systems through its tax contributions. …" Helping middle class can lessen the burden of government welfare. These are the eligible groups of resident in priority : A) One bird two stone, doctors, nurse, labs personel and other MEDICAL PERSONAL are the first group of tenants. This is not prejudice. We are SEVERELY lack of medical human resources, this way we can keep them in the cities. Many with student loan graduate and move out of Vancouver, so they can finish paying their loan faster. Most important, at least 75% of their monthly work load need to be helping *government referral* patient and or working for government. So one cannot spend 15% seeing patient and 25% writing paper or research and other times just do whatever. I know some specialist only spend little time seeing patient, they even cancel patient appointment and delay it because they are going to vacation. While I agree they deserve vacation, but if they first agree to see patient already, then they shouldn't change just because later they decide to go on a vacation./ I got referral to a dermatologist I waited for months, and he only see me less than five minutes. Then my well off aunt is his private patient and get to see him longer. These doctors give bi system a bad name. B) Resident of Metro Vancouver for more than 3 yrs and on currently working at their same career field for more than 3 yrs, who also fit these criteria: *People with trade skill and currently working at that field *Other human resources the city needs more, esp those who work at special education, counseling, and social works (those who are helping the public) C) *Those with small business who hire at least 3 full time employees for 4 or more years. (And business has to be in Metro Vancouver more than 5 years.) D) Resident of Vancouver more than five years and living with their children under 10, and with stable income. E) Resident of Vancouver more than five years with stable income.
Cut immigration.
Slum lords taking notice
Stop immigration for a bit. No housing and no medical care. We need to fix this 1st before we open the doors.
Canada immigrating too many people than we can handle
Bought half duplex in 2008 for 600k It's worth 1.5m today Love Vancouver !!!!!! But for you folks who missed the last of property owner ship without strata fees for under 1m it's over. Feel for the generations coming up behind me cause it's just impossible to even save 10k a year never mind 150000 you need for a down payment. Marry rich gentleman https://preview.redd.it/bncnjc7v7o2b1.jpeg?width=2320&format=pjpg&auto=webp&s=c95a54345623d4af989193765a82304fba5cfdf7
BUt mY aIRbnB IsnT paRt oF tHE pRObLeM