In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living

The housing crisis is well on its way to consuming all but the wealthiest in the Lower Mainland. The most vulnerable are first, then the middle class. No one seems to care until they are affected…at that point it’s too late….I have lived here for almost 40 years, breaks my heart to see how the LM has devolved.

I've been homeless for over six years in Kelowna area on and off. As of May 1 I am back on the streets AGAIN. There is NOWHERE to rent there's literally NOWHERE TO LIVE. God help me.

The greed in Vancouver is obscene. It’s now a very disturbing place to try and survive. Unfortunately it’s similar in most places in the world now....housing is a luxury, only for the wealthy.

I was born an raised here. Moved to Toronto for 13 years and recently moved back home. I am planning to go back to Toronto as soon as I’m able, it’s also expensive but not as bad as Vancouver. I saw a 200 sqft micro suite for $1350- no kitchen. What a joke

that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.

I live in that building featured with the $1000 micro units , its pretty cramped for me ( its like a 10ft x 8ft room) to the point where its kinda unhealthy , lots of mice eat your food and clothes , but they keep the bathrooms pretty clean for the most part. found that some older tenants have different rental rates than newer ones cause you can jack up the rent between tenants.

I dont understand why governments do nothing to stop this!

You mean Vancouver's "unaffordable" housing costs.

Rent is crazy in vancouver...

People are quick to say “Just move if you can’t afford there” but they don’t realize moving costs significantly especially if moving to another city. And we are talking about the most vulnerable here, who obviously cannot afford that significant cost. Even if they’re interested in moving to another city, they will never be able to save up to do so living like this. The city needs to at least provide safe and truly affordable shelter for everyone who needs one, so they can put their life together and start planning and preparing for their future, including moving to another city if they’re interested

In no way am I defending the prices in vancouver but why the heck would you want to live in those conditions downtown when you can move to a suburb area of vancouver for much less than 1300 for a single room. I have a friend who just moved to new west for that same price he has a nice freshly renovated apartment with a balcony next to a park and close to the sky train. Give up the downtown dream.

Housing is a human right. Is disgusting that these private companies are allowed to profit to this extent. Vancouver/Canada needs to act and start building affordable housing, this crisis is getting out of hand.

As a born and raised Vancouverite looking at people suffering with the high cost of living makes me heart broken. The government is not taking enough action to deal with the high cost of living and housing. It’s time to move out of BC to somewhere much affordable. I’m going to move out of BC to a much cheap affordable place to live in the future.

Rent control sounds like San Fran. Welcome to skid row

Why is isn’t this regulated? No wonder why there is such a horrible homeless problem in Vancouver!

Great reporting and on-camera presence Joel!

This is very sad to see. Please create more homes for people who done have homes.

Wow didn't know affordable housing was so bad in Vancouver. Here in guelph Ontario you can get affordable housing either in a co op or one of the apartments in the RGI program. These are 1-3 room apartments/homes with about 3600 available units. If your not on (RGI)rent geared to income, they offer these homes for between 600 to 1000. Way better than these Vancouver conditions where you get a single room. Things need to change for the better for sure.

I'm on my way to Nova Scotia from Vancouver. This is the reason why.

Move to small town Ontario/Manitoba/Quebec/Atlantic Canada/Saskatchewan. $1300 can rent you a three bedroom house.

Canada is a massive country. I am 24 years old and own a 3 bedroom, 2 bathroom house in Saskatchewan. My mortgage is 500$ a month. If you can not afford our major cities then move! It is all about supply and demand. As long as you demand housing just by living in a very popular city or region it will be expensive since landowners know they can make massive profits in equity and rent by not increasing the housing supply, as they know people will continue to flock to these cities.

I’m 65+, single, retired. Female. There is nothing affordable to rent. My 3 adult children live in the city, otherwise I’d try and live somewhere else like Mexico. I can’t afford to live in Canada, my life long home.

Quality of life has degraded in Canada. Politicians have destroyed the country.

hotel owners should do some major cleaning. They just ripe off innocent people. All they do is collect rent.

Do the SRO's need to be downtown? Could cost options not be generated by varying city locations? Complaints on the quality, typically houses or apartments maintain value better when the Owner lives as the are invested in its maintenance. If housing was really cheap there isnt any pride in where tou live - you live there cause theres no choice and no sense of maintenance because its not yours. Downtown doesn't not need to be the only location. If you are fighting addiction Downtown where they offer free drugs does not seem to be the best environment. Would dispersing the communities looking to get on thoer feet help? Your away from the some of the less productive social norms. You could be part of a neighborhood that takes pride in their community and be influenced by that? It doesn't appear we are heading in the right direction even if we supply everyone holmes. Everyone will be sheltered and tucked away but I am not sure the problem is solved.

Don’t understand why not leave Vancouver.

Unaffordable affordable. In other words, the system is broken. It makes it easier for people to go from poor to homeless. Good thing there are plenty of new shiny condos sprouting all over the place to mask the ugliness!

Move to Edmonton there's housing close to U of A.

Hive is getting hectic. Community less bugmen suffer

why would I subscribe, it doesn't get me the Canadian news on the weekend? I can get bbc and any american news I want but not Canadian

Vancouver is so expensive... for my own bachelor in Japan near the beach i pay 160 bucks. Its not worth it... i recommend anyone to move to japan if they get the chance... just not tokyo

This just into our NEWS desk "Braking news right now" The renters of Vancouver have taken thousands of Landlords Hostage including city officials in charge of housing costs (B C housing/Atera) and are DEMANDING that rent in the lower mainland be calculated to no more of 25% of net income any landlord or city official caught breaking these new laws set out by the renters of Vancouver shall be given a tent and sent off to live in BURNS BOG The city of Delta will not be held Accountable shall Burns Bog swallow them into the ABYSS (As so many people have been JUST TO HAVE A ROOF OVER THEIR HEAD) in the lower mainland PS: A story like this might/could happen in the lower mainland

Arbnb plus thousands of international students are contributing to the housing crisie

I live in the USA. I recently got accepted into HUD/Housing Authority Public Housing. I have 0 income, they know that. They still want me to pay 100 dollars deposit and 50 dollars per month in rent. If you go into HUD website, it implies that if you have 0 income, you pay 0 in deposit and rent. I emailed them and HUD about it and provided them links to the sections of the website that implies that. They both said nope. I tries to appeal their decision, they told me that I don't have the right to file for appeal. On top of everything else, the last 2 Housing Authorities I stayed at stolen 2 to 3+ thousand dollars between March 2019 to December 2021. They refused to do their job. The only good thing was I paid 0 in rent.

CAPITALISM BABY!!!! All levels of government haven't helped in keeping up with affordable housing in the last few decades and thats the real problem . So call you MP or MLA and ask them why !

You should thank the Sahota family for this

I just don't understand why someone would be a private slumlord. Just add paint, a washroom and kitchen and charge 2000$ a month rather than 1000$ a month. The moneys not there to rent to people on welfare, why would someone do that?

Going to the university will not solve his issue. Being amazing and presentable will

how about we use the CBC Vancouver office to house the homeless. far better use of the land.

Third word city

I don’t wanna move I love this city so much but the housing is crazy

Well if it isn’t the consequences of commodifying housing.

What has the govt done to this country?

This is such a disgrace for Vancouver honestly.

Its most important owners make money and the worker bees 🐝 get lashed to death..and that politicians visit these rich owners at parties talking about how they can help the worker 🐝 bees...but in fact politicians help themselves.

Please come to Toronto! We will take all of you. We have lots of room for you in our loving city ❤❤❤

Vancouver is full of "got mine" people. They don't want anyone else living close to them, so they'll protest a four story apartment building proposed on an arterial road. Try to build anything of significance on the Westside, and watch civic public engagement quadruple. There are a lot of amazing people here, but there's also an unimaginable amount of selfishness and greed. It's these self-serving attitudes that have destroyed the future of Vancouver for everyone else. I hope they're happy.

pathetic ....what are we paying politicians for ?? why on earth would there be no regulation especially in SRO's? About done with this city..

taxation only makes this problem worse.

Throw out "affordable" in the title

All of these peoples are just gonna die off to be honest.

in 10 yrs from now it will cost 6k per month , but thats nothing new , the best thing to do is get van and live in it turn into a rv , it s cheaper and free rent and you save money long ways ....thats only thing you can ever do , because rent is going to sky rocket and nobody can touch these landlords !

rent control, we need government to regulate

What in the world is the Province doing?

I could care less about those who have middle to high incomes... but it saddens me that those below the poverty line have to pay so much. After saying that, no one is entitled to live in any city... and if you want to stay in Vancouver or a large city in Canada (or the world), yes, it is going to be tough. No matter which side you are on, there is no easy solution and no one person, group, etc. is responsible. What will YOU do? I love hearing people moving to live elsewhere so they can match their income/lifestyle to the city that they can AFFORD. Some say they are being forced - sorry, you might feel forced but no gun to your head. In life, you can't have everything so you need to figure out how to make what you have work for you. Yes, some are born rich but many were born in poor hardworking families and they are successful today. If they can do it, ANYONE can do it... yes, there are more hurdles perhaps but again, people have done it. If you think you can't, you won't... period. Take action. Stop complaining. Yes, fight for what you believe in... but don't act like a victim.

There’s no affordable housing in Vancouver lol

This situation is outrageous! $1300 dollars for a studio like this? Learn some French and come to Montreal please. Canada is a huge country with a small population, 300 sqft studio without basic amenities is just like a joke.

why is he not working? He looks able-bodied.He contributes nothing but takes from others. A generation of takers. He has money for tattoos but not food or rent.sad

What a capitalist hellscape we've created

5:44 "Do you want to leave" "OH yeah, I'd leave in a second" Ok why are you still here?

The rent place price apartments in Vancouver are extremely high,a lot people would die,

Counselor Boyle is full of bs

First of all , get a 2nd job or work more simple solutions. I worked 3 jobs for 10 years and didnt complain. Stop asking help for government. Stand up and go forward.

The city could hike property tax very high to being the housing price down.

No one speaks out for landlords. Property tax and insurance has increased as well as utilities. How can landlords afford not to increase the rent? Repairs and lack of contractors and materials have all skyrocketed. Rights for landlords too. Landlords are a dirty word yet they are struggling too, not sipping champagne.

this is a joke housing should be at affordable right

1:11 "The couple spends the majority of their welfare and disability income on their rent." No, this is not true. They get $1600 per month, each, and pay $650 each in rent.

It's almost as if private owners shouldn't be expected to run charities. One guess as to the slumlords' ethnicity. But they need to build towers in SFH neighborhoods to solve the supply problem. What a 💩 show.

Soloution - move out of B.C..... just leave this dump for the rich

CBCs titles are oxymoronic

Move to Saskatchewan?

chinese city, luckily there's no tax on capital gains and there's multiple incentives for first time buyers to juice demand

Stop calling the cheapest and poverty stricken housing options “affordable housing”. All safe and decent housing should be “affordable”.

Hey sir... please do not go to university. That is the poor man's path. Get involved in a trade. Be a plumber ull be rich. Just don't go to uni for some education u can get off youtube

There's a really simple way to solve the problem: If the municipal zoning by-law states that a building is used as a privately operated low-income rental dwelling, it shall operate under a conditional limit of one dollar per square foot plus utilities or other determined fee as set by the municipality, and is subject to routine welfare inspection by a by-law enforcement officer. There, problem solved.

If I were the guy at the beginning, I will move to a small community in BC or Alberta, get me a job in Macdonald's , save money . Why immigrants do it? Even some having two jobs.

At this rate all Vancouverites will be homeless, except for the greedy and Chinese millionaires

Pleaae do a story about why the GOV has done nothing to limit AIR BNB !! This could have been prevented !!! And they did nothing ...

Implement a Land Value Tax right now for Canada's metropolitans and everyone will make high density housing on their lots.

Supply and Demand. Don't like it then leave. The world is what it is, not what you want it to be.

Society is collapsing

Zero interest in this overrated city

LOL ironic

I feel for the people born with mental health issues, but addicts, I have no sympathy for. We all have choices, leave if you're not happy

If u mess with privately owned landlords, they'll just sell which overall will reduce rental inventory. Stop attacking the people who are trying to provide housing. Bedbugs or not, nobody puts a gun to your head to stay there. God this city is nursing entitled citizens.

Insane idk how people Gonna live ina. Year or. 2

BAN Short term rentals NOW!!!!!!

How the hell is there anything affordable. The only thing that makes thing affordable will be a property tax break/ water and sewage tax break and that will never happen, so good luck with that.

A lot people would suicide,