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BC Hosts Several Of Canada’s Most Expensive Cities

There are several cities in BC that have long been recognized as some of the most expensive places to live.

The province hosts several cities which are among the top most expensive places to live in the country.

North Vancouver, West Vancouver, Vancouver, Richmond, Burnaby, these are among the most expensive places to live in Canada right now, according to a study by liv.rent.

Not only has Vancouver been called one of the most expensive places to live in Canada but it has also been referred to as one of the least affordable cities in the world to live.

Nowadays when you look for a one bedroom apartment in places like Vancouver, Burnaby, Richmond, and other surrounding areas, it isn’t uncommon to see many places listing for $2,000 or above.

Zumper lists the median rent these days around Vancouver at $2,500 and that is about a 16% increase compared to the previous year.

With inflation rising and the cost of living climbing it has driven more renewal for calls of a living wage in the province and for more support for those who need it.

Food banks see record breaking visits around Canada

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Photo by Lisa Fotios on Pexels.com

Food banks around Canada have seen record-breaking visits this year as many families struggle with food insecurity and trying to maintain their standard of living, affording shelter costs and other necessities.

Food banks around Canada have already seen over 1.5 million visits and they are expecting more to come.

Helping Canadians in need

There are a variety of charities and food banks across the country and right here in BC that are working daily to support vulnerable populations and those who are struggling to afford basics like food. Charities around the country and elsewhere are calling for more help as they struggle to keep up with feeding families that are in need.

Millions of Canadians are struggling with the cost of living and the issue of affordable housing is on the minds of many.

There are an alarming number of renters in BC and elsewhere who are spending over 50 per cent of their income on rent and this sort of ‘affordability’ isn’t sustainable for them.

One previous report from several years ago saw that almost half of BC renters were spending over 30% of their income on rent. This province has had the highest proportion of renters who have been spending over 50% of their income on housing.

The income needed to afford rent in a number of Canadian cities is something that individuals and families in BC and elsewhere are struggling to keep up with.

Categories: bc, blog, canada

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