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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Anonymous134282
Anonymous134282
8 years ago

Regardless of the pros & cons of Calgary, I would rather die than live in Surrey.

Anonymous
Anonymous
8 years ago

@cgh: …..: “What has changed is that the city itself has become crap.”

Anyone over 30 who has grown up here will recognise the truth of this statement. More recent arrivals will probably find it baffling…….

+1

Anonymous
Anonymous
8 years ago

@Jim: ….), the low salaries, and the bad weather. …..

Ahhh, finally someone who has actually lived somewhere else and realized that few places on the continent have worse weather than Vancouver.

Anonymous
Anonymous
8 years ago

..I would rather live in Surrey than Calgary just for the weather alone….

A couple of years ago we stayed with my sister-in-law in Surrey, not far from that rental for a week while moving between rentals. Had to commute to my job on Broadway. One week was more than enough.

I would take a Calgary winter (and I know what they are like) any day of the week and twice on Sunday over doing that commute every day.

Anonymous
Anonymous
8 years ago

@Anonymous: ..I would rather live in Surrey than Calgary just for the weather alone….

That statement speaks volumes! I guess it's fair to say that you've never been to Calgary. Let me give you a hint – that big bright ball in the sky, the thing your grandparent may have mentioned seeing occasional, they see it a lot more in Calgary.

Patiently Waiting
Patiently Waiting
8 years ago

@Devore: There are a lot of pseudo-left politically correct hypocrites in Vancouver. They compost and vote NDP/Green while keeping poor people in their moldy basement. They get confused if you tell them how extremely right-wing they are when they hope real estate prices spiral up forever. Seen it many times.

Devore
Devore
8 years ago

Wow, what with all the thinly (and not so thinly) veiled hate for Edmonton/Calgary? I've lived in Calgary for 10 years, and I've run into my share of country hicks (no more than in Vancouver), but have yet to meet a single right wing nut, of which there are probably as many in Calgary as in Vancouver. At least the Calgary major is not hell-bent on creating the best place on earth through bike paths.

Get over yourselves. Vancouver, just not that special.

Girlbear
Girlbear
8 years ago

Let's compare the surrey rental house to Essex vs Wimbleton which is a little closer in neighbourhood type…

http://www.gumtree.com/p/flats-houses/stunning-3-

Oh look. "London" house cheaper.

Good One
Good One
8 years ago

:

Here’s what $1500 gets you in London, UK :

http://www.gumtree.com/p/flats…..k/89589671

_____

Hahaha….

Delusional Vancouverites comparing Vancouver to London…

Only in the 'best place on earth' would people from a provincial backwater compare themselves to a global centre of commerce, culture and diplomacy

Hahahahaha – good one!

pricedoutfornow
pricedoutfornow
8 years ago

@ulsterman:

"I get the argument that Van has always been more expensive that other parts of Canada, but not THIS expensive."

I agree. My significant other often tells me of ten years ago when houses were around $300k in East Vancouver. These were not fancy houses, but your typical crappy East Vancouver home. Now, these houses are worth $800k. And they're still pretty crappy-looking if you ask me. But point being, houses used to be affordable, one could strive to save up a 20% downpayment on one of these houses and get a decent 25 year mortgage. These days it would be nearly impossible to save up a 20% downpayment on an $800k house in a reasonable amount of time.

Anonymouse
Anonymouse
8 years ago

@Anonymous:

Here's what $1500 gets you in London, UK :

http://www.gumtree.com/p/flats-houses/one-bed-fla

Anonymous
Anonymous
8 years ago

@ulsterman:

So let’s use $300k N Burnaby house in 2001. That house is now minimum $850k today – probably more like $1m. Someone in my position in 2001 was making just shy of 70k. Now they make just over 80k. It’s pretty clear that the market has become utterly unaffordable for average people wereas it was just affordable back then.

I had that conversation with my parents over the past weekend. They stated that they have no idea how people manage today. There is no way that they would be able to afford the house that I grew up in if they were starting over now. It is absolutely mind boggling to them the size of the mortgages that people take on.

cgh
cgh
8 years ago

@patriotz: "What has changed is that the city itself has become crap."

Anyone over 30 who has grown up here will recognise the truth of this statement. More recent arrivals will probably find it baffling.

Jen
Jen
8 years ago

"The point is, even WITH my “steal” of a rental, it is impossible to afford to live here on one above-average salary."

Yup. I sometimes wonder how people who work in retail or admin live in this city.. I guess using the debt to cover day-to-day expenses.

Jim
Jim
8 years ago

@115 "Sounds like you should move to Calgary. Why wouldn’t you if the COV has become crap in you opinion. Serious question." I am 100% in agreement with Patriotz over his assessment of the Vancouver social contract. Although I didn't move to Calgary, I took off for Toronto a few years ago. It's a vast improvement in many ways. Not only are the people more friendly, but one can actually work and save money out here. The same onslaught of third world immigrants, urban blight and devastated community spirit affects both cities, but the city offers professionals much higher salaries and lower costs in a number of categories. As a born and raised Vancouverite, I recall living in a few dingy basement suites as a student. It didn't feel particularly foul at the time, since the city was pleasant, the… Read more »

ulsterman
8 years ago

Anonymous Says: October 19th, 2011 at 11:45 pm You are paying 2K per month rent for a family. What do you think you should pay? I would think in any Canadian or American city you are going to pay at least $1500 per month for rent in a decent place for a family but that would be in a crappy town with nothing to do. I never said i was paying too much – I think that it is a steal given it would cost about $5k/month to mortgage, tax & maintain the property at the $1m purchase price. I mentioned the rent to give an idea to the bloggers of where my money goes. The point is, even WITH my "steal" of a rental, it is impossible to afford to live here on one above-average salary. Paying $1000 per… Read more »

patriotz
8 years ago

@Hu You Fullin:

"Could you imagine patriotz in cowboy boots and hat driving pick up truck and living among nut wing conservatives"

I used to live in Calgary as a matter of fact.

But if I moved back I'd be more likely to be in the crowd watching Mayor Nenshi head up the Gay Pride parade than hanging out with the "nut wings".

Anonymous
Anonymous
8 years ago

@patriotz:

"Well here’s what $1500 gets you in Calgary"

And here is what $1500 gets you in Surrey. Looks like similar accommodations. I would rather live in Surrey than Calgary just for the weather alone.

http://vancouver.en.craigslist.ca/rds/apa/2648849

Hu You Fullin
Hu You Fullin
8 years ago

Anonymous Says: "Sounds like you should move to Calgary. Why wouldn’t you if the COV has become crap in you opinion. Serious question."

Could you imagine patriotz in cowboy boots and hat driving pick up truck and living among nut wing conservatives? Nah…he is more like NDP/latte/sushi/lululemon type

Circus
Circus
8 years ago

How it come to this?

"A generation of solid economic growth has meant little in the everyday lives of most Canadians, according to a new index of wellbeing.

In other words, a typical household is now working harder and longer to keep on track financially, at the expense of having free time with family and friends, enjoying arts and culture, and volunteering."

http://ca.finance.yahoo.com/news/Fifteen-years-ec

Anonymous
Anonymous
8 years ago

@patriotz:

"Well here’s what $1500 gets you in Calgary, which may or may not be your idea of “a crappy town with nothing to do”, but it’s one of the highest income cities in Canada:"

AND

"What has changed is that the city itself has become crap." (Vancouver)

Sounds like you should move to Calgary. Why wouldn't you if the COV has become crap in you opinion. Serious question.

Bobo
Bobo
8 years ago

@Anonymous: Forget HAM. If that bill passes it would be a great opportunity for Vancouverites to migrate south!

fixie guy
fixie guy
8 years ago

108 Patiently Waiting Says: "Ah, is this legal?"

Old Skool laneway housing, aka driveway housing. Don't give Mayor Moonbeam any ideas.

Patiently Waiting
Patiently Waiting
8 years ago

@patriotz: "that was also true a generation ago."

And now that crap housing is decades older having received few repairs or maintenance.

Patiently Waiting
Patiently Waiting
8 years ago

@Circus: A former co-worker of mine went back to Brazil (his home country). For equivalent money, he could live better than his crappy East Van apartment. It was part of an old house and his family couldn't sleep due to noise from other tenants (no soundproofing).