Worst province for families

Incomes have fallen while cost of living has risen, leaving young families in BC worse off than any other province.

Since 1976, household incomes for couples aged 25 to 34 in B.C. have dropped by six per cent after adjusting for inflation, said the study by Paul Kershaw of the University of B.C.’s Human Early Learning Partnership.

This is especially significant given that the proportion of young women who contribute to household income increased by 42 per cent over the same time period, while the number of men in the workforce remained relatively constant.

B.C. is the only province in Canada to report a drop in average income for this age group, the study found.

At the same time, housing prices have skyrocketed across Canada, and nowhere more so than in B.C. Real estate prices have risen 149 per cent in this province since 1976, when housing costs accounted for less than three times the average household income for young couples. Today, it is seven times as much.

The bottom line?

“B.C. is now the hardest province in which to raise a family,” study author Kershaw said in an interview. “And that’s because we’re the only jurisdiction in the country where household income for young couples has actually fallen behind where it was a generation ago.”

This reality is setting the stage for “a silent generational crisis occurring in homes across Canada,” he said.

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VCI Admin
Admin

IP ban for bubba/li kai – way too much crapflooding of comments.

Negative moderation threshold has been changed from -11 to -9.

Londonernow
Member
Londonernow

This can't be true because you can't go sailing and skiing on the same day in any other province. BC must be the best then, it even says so on the license plates so it must be true.

Oilman
Guest
Oilman

Thanks Pope.

Londonernow
Member
Londonernow

Forgot the [sarcasm/] at the end of my comment.

Burt
Guest
Burt
This is the real story, in my opinion. This is what activists, and RE bears alike should be using as ammo to change the housing policy in this city. Its depressing visiting my parents in the house I grew up in on the North Shore. The vibrant "upper middle" class neighbourhood of as little as 15 years ago has transformed into a bunch of big new houses, with no kids. Its absurd, same lots, but the houses are now a solid 1000 sq/ft bigger to accommodate whom? The depression sets in on Halloween, when no longer is there enough kids coming by empty out one basket of candy. This is unheard of in my day as a kid, where my parents didn't bother closing the door because the stream of kids was constant for hours. Thats what builds a community,… Read more »
jesse
Member
Kershaw's blog If you care about the issue cited in this post, this blog provides some semblance of a common point of interest. But look at the rest of the article: The family is not eligible for any kind of income assistance because their salaries are too high. "But we continue to [accrue] debt because we actually don't make enough money to live," Hansen, 31, said. "At present, we are barely able to maintain any form of personal or social life because we can barely afford our groceries."… In fact, Hansen and her husband would not have been able to afford their townhouse without the help of their parents. The previous generation did not necessarily have it any easier, but they were able to find jobs without as much formal education, Hansen said. It's not easy living in Vancouver on… Read more »
paradox
Guest
paradox
Escapee
Guest
Escapee

BC may be the worst province for young families, but nowhere in the province is as bad as Vancouver. I know that rent is very low compared to buying costs in the city, but compared to incomes it's still high if you want space and want to be near amenities. I am very happy to have moved my family out of Vancouver. I'm still in BC, but I don't stress about money anymore. It's not as bad as it is in Vancouver all over the province.

Anonymous
Guest
Anonymous

I'm sure if you look at their monthly expenses there is probably a lot of room to cut. How much do they pay a month for cell phones, cable, internet, cars, etc? Like many, they are their own worst enemies. Was it necessary to purchase the townhouse? Nope.

Hu You Fullin
Guest
Hu You Fullin

from the article “At present, we are barely able to maintain any form of personal or social life because we can barely afford our groceries.”…

so why they don't move out of province so they can afford food at the table? Why people are so hypnotized with living fictional west coast lifestyle? Move to god dam Brandon, Manitoba and offer yoga lessons over there

asalvari1
Guest
asalvari1

off topic question

I wonder what people on this site are using to track the solds (price, etc).

I used to rely on the livelistings.ca and it was good service while it lasted. Recently they have changed, they don't provide the solds info anymore.

I really want to be able to get a peek on the sold prices. Can some good soul suggest alternative method to get this data?

Bob the builder
Guest
Bob the builder

Burt : The depression sets in on Halloween, when no longer is there enough kids coming by empty out one basket of candy"

Ooooo that is really sad story…WTF? BTW, did you show up at the in front of Art Gallery for OccupyVancouver protest? That is how you are going to change things.

Ted
Guest
Ted

Off topic… I notice rents for newer 2 bedroom / 2 bathrooms in downtown Vancouver now seem to be $2600 range rather than the $2200 range a short while ago. $0.22 per foot up to $0.26 per foot.

The Leak
Guest
The Leak

Ha ha. The cost of living in this city has gotten so ridiculous it has become laughable. My wife and I look at people, especially young home owning couples, and muse about how much tension there must be in their homes due to financial constraints. I love renting 🙂

milkshake
Guest
milkshake

"I notice rents for newer 2 bedroom / 2 bathrooms in downtown Vancouver now seem to be $2600 range rather than the $2200 range a short while ago."

WOW..talk about affordability of renting in the city..no wonder people are scraping for food

N
Guest
N

So who should I vote for in the municipal elections in November? I really have no idea. Do any of these guys have a plan help Vancouverites stop speculating and start producing?

milkshake
Guest
milkshake

"So who should I vote for in the municipal elections in November?"

It does not matter. They are all paid & owned by the same franchise but wear different jerseys.

Runawayscreaming
Guest
Runawayscreaming

It has been obvious for some time that Vancouver is a bad place to have children. I'm not sure why anybody who is not independently wealthy would even think about having children in Vancouver. Even if they make it through grade school, the children of the non-wealthy will have to leave British Columbia to attend post-secondary education and to find jobs. I don't think I'd want my children growing up in Vancouver anyway. Vancouver parents might want to think about selling their children for organ harvesting. I don't see the situation for children improving as long as Vancouver is a destination for the rich ne'er-do-wells of the world and their ill-gotten gains from abroad.

space889
Member
space889

@Burt: Uhm…isn't that what capitalism is? Pursuit of profit over all else?

Also, if someone has the money to build a big house and leave it empty, then that's their moeny to spend and waste. Seriously, why are you so worked up over how other people spend their money? If you don't like how the neighborhood is changing, then buy up the neighborhood and make it to your liking. I seriously don't get this attitude of standing there, complaining non-stop about how others are spending their money and ruining your childhood neighborhood. This is Canada where it's supposedly to be a free country with individual freedom. Why should anyone live and spend their moeny according to your personal values and feel on what's appropriate or not?

space889
Member
space889

@Hu You Fullin: Well it seems the smart and skilled people like doctors are doing exactly that! 🙂 Think about that if you or your relative have to wait 10 months for a needed surgery and the only doctors left are the 55+ ones who only want to work part time.

deanbc
Member
deanbc
How we could make housing and life in general more affordable in BC is simple: a tax shift off of the productive economy and onto the "free lunch" sector. 1. Reduce taxes on sales, payrolls, and working in general, leaving more money in peoples' pockets and increasing the incentive for working. 2. Replace the revenue by increasing property taxes while exempting building values. Property prices are inversely proportional to property taxes and interest rates (ie. to carrying costs). For newly bought homes, this would be a transfer of income from the banks to the government; for homes under existing mortgages, there would be a case for a tax exemption on a portion of the mortgage carrying costs. Capital gains in property (again, excepting the building value) are not because of the effort of the owner but are due to the… Read more »
specialfx3000
Member
specialfx3000

On the topic of less kids going around trick or treating, I think it's a combination safety and kids are so spoiled these days, they don't need to look forward to going around for the treats once a year.

When I took my kids around last year, the newer, nicer monster homes give out the cheap candies while the older homes give out the chocolate. Maybe it's the type of people that lives in those monster homes or maybe their mortgage payments dipped into their Halloween chocolate budget.

Makaya
Member
Makaya

@Ted: @Ted: I'm renting a 2br condo in downtown (near the Shangri-la hotel) in a 10 year old building. I signed the lease in May for $1,800/ month, including parking and an underground storage space…

milkshake
Guest
milkshake

Runawayscreaming Says: "Even if they make it through grade school, the children of the non-wealthy will have to leave British Columbia to attend post-secondary education and to find jobs. "

WOW, that is so cruel…they have to move to other cities….can you imagine how harsh life is in Winnipeg ..can you imagine how cruel is to find good paying jobs in Regina or Montreal ….what the fuck is wrong with you people?

jesse
Member

@deanbc: "a tax shift off of the productive economy and onto the “free lunch” sector"

Good ideas. Resident trolls are being summoned…

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