The cost of housing and living is skyrocketing, while wages stay the same.
For hundreds of thousands of British Columbians, no matter how hard they work or save, they’re just unable to afford housing in the province. A typical young person needs to work full-time for 18 years to save a 20% down payment on an average-priced home in 2019 (approximately $788,900 CAD).
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High rent, student debt and insufficient wages are pushing younger generations out of the housing market. British Columbians are facing a housing crisis like never before.
British Columbia remains the worst economy in Canada when it comes to earning enough to cover one of the biggest costs of living – housing. This means BC’s economy is especially problematic for young people, newcomers and others who struggle to afford housing here.
The BC Government needs to introduce more measures to cool the market in order to make housing more affordable for everyone.
We're collecting the stories of those who have been affected by the housing crisis. They help inform our work in the legislature, our advocacy on housing, and party policy. Click here if you would like to share your story with us.