Lack of budget help for young B.C. renters ‘problematic’

Advocate surprised that NDP’s election promise not included in financial update

Affordable rent advocates are among those who are surpised at Monday’s provincial budget update from the BC NDP.

The party had campaigned hard on a $400 annual rebate for renters if elected last spring, but no such cash was included in the update. Instead, $291 million over two years was set aside to build housing for the homeless, and another $208 million for 1,700 affordable rentals for lower-income families and seniors.

READ: NDP funds 2,000 housing units for homeless

“I’m a little surprised they didn’t do it,” said Generation Squeeze founder Paul Kershaw. “They tabled a ‘wait for February’ budget update.”

Kershaw said the party has only been in office for eight weeks and hasn’t had time to accomplish much, but he’s wary it could mean the government isn’t serious about levelling the playing field between renters and homeowners. The latter already receive a grant, he said.

He actually goes futher to doubt the policy itself.

“A dollar a day isn’t going to transform the affordability of rentals,” he said. “It’s one thing not to see that renters’ rebate, but what’s problematic is where’s the plan to incentivize developers to build purpose built rental?”

When reached for comment, a finance ministry spokesperson reiterated the government’s budget update promises of $291 million for housing for the homeless, $208 million for affordable housing and $7 million over three years for the Residential Tenancy Branch.

In addition, an emailed statement from the ministry noted that they are “developing a comprehensive plan to make housing more affordable for people, to close speculation loopholes, and reduce tax fraud and money laundering in B.C. real estate.”

No rentals to be found

The rental vacancy rate in B.C. has hovered at an average of 1.3 per cent over the past three years, according to stats from the Canadian Mortgage and Housing Corporation.

In Metro Vancouver, that rate sat at only 0.7 per cent at the end of 2016. The City of Vancouver’s rate is 0.8 per cent, while Surrey sits at 0.4 per cent. White Rock has the fewest available rentals in the region, at 0.1 per cent.

Outside of Vancouver, the rate is 0.5 in Abbotsford and Mission, 0.6 per cent in Kelowna and 0.5 per cent in Victoria.

Rebate wouldn’t help with rent costs

The average rent for a one-bedroom apartment in Greater Vancouver is $1,159, according to CMHC numbers. Abbotsford and Mission is at $744, Kelowna is $864 and Victoria is $912. Province-wide, it sits at $1,054.

Kershaw said he doesn’t think a $400 rebate will touch that. Instead, he’d like to see a province-wide application of Vancouver’s charter rights, which allow the city to tax empty homes and more effectively regulate short-term rental.

“I think we need a provincial framework,” said Kershaw. “I think we need other cities paying attention to the way Vancouver is doing things… and then adapt accordingly.

Victoria and Nelson are set to bring resolutions on the topic to the Union of B.C. Municipalities convention later this month.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Town creates committee to explore fire hall options

The Town of Creston is inviting applications from residents to sit on an ad hoc Community Fire Hall Advisory Committee.

Creston youth can apply now for leadership event

Youth Leadership Summit takes place in Kimberley this May

Arts and Culture grants now available

CKCA and the Trust announce 2018-19 programs

Alcohol-related incidents dominate police week

Creston RCMP responded to 60 calls for service from January 8-15, Staff… Continue reading

Thunder Cats remain undefeated in 2018

Creston poured it on in the second period, and league goal-scoring leader Ronnie Wilkie proved his value with a hat trick.

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Cougar window shops at Banff grocery store

An RCMP officer spots a cougar outside an Alberta grocery store

Police fear fewer fentanyl imports don’t signal the end of the overdose crisis

RCMP say it’s just as likely that criminal are getting more clever

UPDATE: Two people die in ATV accident south of Campbell River

Third person survived attempt to cross a creek

Coal dust escaping rail cars spurs B.C. petition

Local governments are on board with Shuswap resident’s request for better control of escaping particulate

Lawyers slam ‘de facto expulsion’ of student guilty of sexual interference

Calgary student guilty of sexual assault of a minor allowed to finish semester

B.C. NDP set to restructure union bargaining

School trustees to regain control over employer group

New development in missing plane near Revelstoke

The family of Ashley Bourgeault believe they have found a new clue

$130K could get you on a dive to the Titanic

Hot summer ticket: $130K could get you on a dive to the Titanic off Newfoundland

Most Read