Nathan Griffiths, Vancouver Sun, June 19, 2023 (With quotes from BCNPHA CEO, Jill Atkey)
The average rent in B.C. increased 30 per cent from 2016 to 2021 — the largest increase of any province — making B.C. one of the country’s most unaffordable place for renters to live, according to a new analysis.
The latest findings from the Canadian Rental Housing Index, a national database of rental housing data, revealed a “staggering increase” in rental costs across the country, with B.C. and Ontario leading the country with the highest proportion of renters spending more than half of their gross income on rent and utilities.