Young pro­fes­sion­als leav­ing Van­cou­ver over high cost of hous­ing

Journal Pioneer - - CANADA -

Iain Reeve and his wife moved from rental home to rental home in Van­cou­ver but their fi­nal so­lu­tion for se­cure hous­ing was to move to Ot­tawa and buy two houses - one for them and an­other for his par­ents.

He and his wife, Cas­san­dra Sclauzero, are pro­fes­sion­als in their mid-30s who wanted to start a fam­ily but they couldn’t af­ford to buy in the city.

“We wanted to own a home to have sta­bil­ity, and peace of mind and flex­i­bil­ity,” Reeve said.

“The rental mar­ket didn’t have sta­bil­ity. We both had set­tled into pretty good first jobs. But as much as we loved the city and had these con­nec­tions it wasn’t worth it.”

They were “kicked out” of a few places in three years through no fault of their own, he said, adding that it was be­cause peo­ple were sell­ing or flip­ping prop­er­ties. Reeve grew up and went to univer­sity in Van­cou­ver.

“I also have par­ents who live in the Van­cou­ver area who don’t own a home and are work­ing class and not a ton of money saved for re­tire­ment, and I’m an only child,” he said. We just couldn’t even get our foot in the door in terms of stable hous­ing.“Reeve said he knows a num­ber of peo­ple who are think­ing of mov­ing out of the city sim­ply be­cause of the hous­ing mar­ket.

“Life is chal­leng­ing enough, it’s so hard when you have (hous­ing) in­se­cu­rity all the time.”

Sta­tis­tics show that Van­cou­ver, and B.C. gen­er­ally, is los­ing skilled work­ers to other parts of the coun­try.

CMHC spokesman Leonard Catling said one of the main rea­sons peo­ple be­tween the ages of 21 and 25 come to Metro Van­cou­ver is for univer­sity but they move out as they get older. A De­cem­ber news re­lease from Sta­tis­tics Canada shows that B.C.’s pop­u­la­tion crossed the five mil­lion mark for the first time be­cause of in­ter­na­tional mi­gra­tion.

How­ever, it lost about 1,200 peo­ple to other prov­inces in the third quar­ter of 2018 af­ter 21 quar­ters of gains. On­tario, Al­berta and Nova Sco­tia had the largest gains in pop­u­la­tion from other prov­inces.

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