Vancouverites on average spend over 60 per cent of their income on rent, more than twice the recommended rent-to-income-ratio. Kier Junos reports.
Пікірлер: 73
@M4MLiving3 ай бұрын
this is unsustainable and small business will suffer as ppl have less to spend on anything other than rent and basics to live. Disgusting cost of living
@ME-xc1st3 ай бұрын
it's modern slavery, the workers end up with nothing and the owners get to leach off of everything
@Bunny113442 ай бұрын
We should just all act our wage
@friedchickenbucket3 ай бұрын
Thanks Justin. Keep bringing in 1 million people a year and most of the country will be spending 80% of their income on rent.
@BC_Geoff3 ай бұрын
Pierre won’t stop immigration
@centuryhousegames7333 ай бұрын
@@BC_GeoffMaybe, maybe not
@BC_Geoff3 ай бұрын
@@centuryhousegames733 He will not, the Conservative's business buddies need the cheap labour
@edward89723 ай бұрын
That’s only a small fraction of the problem. The real enemy are in fact politicians, corporations and private equity.
@fireawaysweets81143 ай бұрын
Wow, so this is news now? This has been the issue for many years. Now they are building more condos in Lower mainland away from Vancouver. People are moving further from Vancouver (Abbotsford/Chilliwack). The rent in those areas that use to be cheaper, is now par with city rent because of supply and demand. So now it is hard to find a job because there are so many people applying. There will be a shortage of schools when most of these apartments open. There will be limited daycare. The crisis is here and has been here. If the goal is push low income earners to the curb, its happening.
@edward89723 ай бұрын
It doesn’t matter how many housing they build at the end of the day there always be some greedy clown landlord, trying to take all your money. They need to abolish housing as an investment vehicle.
@garetthewitt99763 ай бұрын
Do you want government to also tell you what to eat and wear?? Government causes more issues .
@shauncameron83902 ай бұрын
The landlords are not the problem. Taxes make up a lion's share of the rent.
@edward89722 ай бұрын
@@shauncameron8390 listen good. Landlords perpetuate a housing crisis, by holding housing hostage under the threat of homelessness and taking away your dignity. Any landlord who paid off their mortgage is not like they’re gonna cut the rent. It’s 100% profit, plus the government approval to raise rents a certain percentage every year. The deck is stacked against the renter the house always wins, corporate rule reigns over our lives. Until they eliminate housing as an investment vehicle, and make it a human right, this will never stop.
@edward89722 ай бұрын
@@shauncameron8390 when you’re a landlord you’re ruling over someone right to a roof over their head and their right to freedom and dignity. When you ask someone for more than the recommend percentage for rent, you’re the tyrant, you’re robbing people of their freedom and dignity. That’s what being a landlord is.
@charlesl11362 ай бұрын
Keep it in mind that is PRIVATE property. Sense of entitlement makes you a communist!
@gormenfreeman4993 ай бұрын
Have you tried turning immigration off and on again?
@aavvcc2 ай бұрын
Trudeau thinks that’s racist
@flodareltih98253 ай бұрын
The government must relocate them to Arctic and let them build an igloo for free.
@mrmelmba2 ай бұрын
Homes may be mass produced at low cost. There is little reason to custom build a basic, single-storey home. This process may be automated to produce panels that fit together that are insulated, wired and plumbed. Wall panels fasten together and into a floor panel that contains all of the utilities to form rooms. Infrastructure that comprises a residential base with water, electricity, and sewer connections contained within are constructed beforehand to serve the needs of a city on which homes are erected. Imagine, ordering a home on Amazon for fifteen thousand dollars and being able to assemble it within an hour that has double or triple the space of a million-dollar apartment with features such as an embossed ceiling that add a whole new dimension to luxurious living. The floor contains all of the utilities, heating, ventilation, air conditioning, wiring, plumbing, water and drainage. Then it is merely a matter of plugging in vertical panels into the floor to form the outer walls and space for living-room, bedrooms, closets, kitchen and bathroom. This floor is the "mother floor-board" from which all utility connections rise upwards from the floor into vertical wall panels. No utility lines connect horizontally between vertical panels. Sinks, toilets and shower head are attached to wall panels that also plug into the floor. Wall panels that are possibly 4’x8’ or one meter by three meters are made from a composite plastic material mass produced in an automated process. Panels that comprise the floor are one meter by fifteen meters with the panel at the edge containing utility lines. A ceiling is set on top of the walls. The roof is a convex panel that fits on top of and plugs into the outer walls. It is also possible that with this waterproof plastic material each individual room has a bubble dome roof/ceiling with pipes in the walls that drain into the base. LED lights are built into the top edge of a wall panel while an electrical outlet is near the bottom. Thus, the entire home is made by inserting vertical wall panels into the floor panel that rests on top of and is connected to the city infrastructure slab base. It is not inconceivable that this single-storey home with one, two or three bedrooms be assembled and ready to move into within an hour or two of the kit being delivered. Of course, this will never happen. Keep dreaming. It will take China to lead the way and transform housing from the nineteenth century tailor-made suit concept into ready-to-wear off the rack homes that cost $15,000/$5,000,000 = 0.003 of the present cost of a home in Vancouver. The flaw in this analysis: Citizens may not utilize the land resource that was _not_ promised to them in the presently cozy arrangement, functioning like a monopoly with monopoly prices that shunts their lifetime earnings exacted through shelter directly into the pockets of the chosen few making them rich without effort while after a lifetime of hard work residents are left to die homeless on the street.
@JesseS-ns2vy2 ай бұрын
It would be comical till you realize the average down payment in the lower mainland is $150,000😅😮
@francisbael93342 ай бұрын
Tents?
@gregpineda86602 ай бұрын
And about one year and a half ago,And me and my family are paying our rented ground level 3 bedroom unit in a home/house for $1,200.00 monthly rent that increased to $1,350.00.And later on,And we were forced --- out to moved by our Indo --- Canadian homeowner on August 2022 when he sold the house that we are renting for almost 7 years to a Southeast Asian/Chinese investor.And once we found another ground level two bedroom unit that was connected or attached to a big house or mini --- mansion,And the owner of the house that we are renting charged us a whopping $2,600.00 a month rent.And that's how expensive it is to live in Metro Vancouver's regional home city of Richmond ( Island City,by Nature ),British Columbia.
@chrisogden70012 ай бұрын
You live in the world you vote for
@roynaidu23272 ай бұрын
60% pre tax, post taxes most people it's more like 75%
@willyhwang10592 ай бұрын
let's not kid ourselves. people do their cost benefits analysis. they are still here because living here is still better than their next best option.
@birdeyecloud68013 ай бұрын
Life in Canada is not easy to survive most of people are struggling to survive and expect to increase houses prices every year.
@charlesl11362 ай бұрын
4 million of immigrants and fake visa students into country. What do you think that would impact housing?
@kyleklukas48082 ай бұрын
Who works 6 8 hours a day? I've always worked 60 70 80 hours a week my whole life . Spoiled.
@sky-eo8tz2 ай бұрын
At this time if you still insist to live by yourself it is actually around 60% unless you decide to have a roomate . the government has a big role in this NOT having invested in affordable housing for a country that bring so may immigrants and students . Plus AIRBNB that is another issue .
@shauncameron83902 ай бұрын
Air BnB is one of the consequences of rent control.
@peterhan27852 ай бұрын
That's ok ! Vancouver is Such a Beautiful place to live !
@southwestsearch2 ай бұрын
What's that saying? BC is the best place to live? Desirability doesn't mean that prices should reflect it.
@cryptounleashed53053 ай бұрын
30 percent more to go
@roynaidu23272 ай бұрын
We will own nothing and we will be happy 😂
@edgar-edgarton3 ай бұрын
That's a high price to pay!
@shauncameron839026 күн бұрын
Nah. It's just a small price to pay to live in the big city.
@sunking58922 ай бұрын
Question "What can I do?" Answer Move??
@DanWeb-vy7rc2 ай бұрын
Betterdwelling stats say its 105% of income in vancouver so what gives?? Whos lying here?!?
@kevinl7173Ай бұрын
B.C residents have to put all the British people in jail first if they want cheap housing
@user-dl7um5eq2z3 ай бұрын
Thank a politician!!!
@heresalemonsukonit2762 ай бұрын
The best part is when landlords furnish their apartment then kick you out and steal you security deposit to repair the things they say you broke
@stephey8082 ай бұрын
Nothing new I always spent 60% or so for at least a decade it’s now it’s a bit more
@vikingmike81392 ай бұрын
Just wait until that number is 160 percent next month.
@christopherbuckley75442 ай бұрын
Yeah! Let's build MORE! Our "economy" will skyrocket, as will labor demands, and that means....MORE PEOPLE to take up all that housing, and increase demand, and increase prices, and so on, and so on, and so on...TO INFINITY, AND BEYOND!!!!!
@christinerobertson85382 ай бұрын
That is crazy 0:22
@aavvcc2 ай бұрын
Different day, same news story
@Toronto_Luddite2 ай бұрын
Probably great for the economy, think about how much harboured wealth it creates for boomers, then they keep it circulating by spend 5 put of your 2000 dollars at the cafe you work at
@dantablazon65862 ай бұрын
Color me Shocked. NOT!
@Xyy23872 ай бұрын
What an absolute joke.
@karissimpson66312 ай бұрын
And this is how capitalism finally implodes.
@shauncameron839026 күн бұрын
Not really. Sorry to break it to you but housing is not a right just like living in the most popular/trendy/expensive city isn't. Pay up or move out!
@flyaphs2 ай бұрын
trudeau's solution, bring 1 million more immigrants in 2024! SMART! pls vote LIBERAL. landlord propser!
@Thomas-xj2kg2 ай бұрын
Move out of Vancouver you poors.
@fredstone58722 ай бұрын
Move to cheaper place, or get a better job.
@shauncameron83902 ай бұрын
Or manage what you have better.
@JessT-vg7ib3 ай бұрын
buy a house then
@MinhNguyen-es5oz3 ай бұрын
No one can force you to be there, you chose to be there so stop complaining about your choices
@shauncameron83902 ай бұрын
@@CanadaC116 Not just any people but well-to-do people.. Case in point: Detroit. Try operating a city with no tax base as half of the population are illiterate and most either work for or depend on government for a living.