Vancouver may seem like a paradise, but behind the polite smiles, there’s evidence of loneliness, deep resentment and racial tension among some citizens.
Armed with these findings from two years of research by the Vancouver Foundation, Vision Vancouver Coun. Andrea Reimer is proposing to create an Engaged City Mayor’s Task Force. The 16-member force would devise plans to foster better relationships between citizens, and encourage broader participation in local government.
After surveying 3,841 people from more than 80 ethnic groups this year, the Vancouver Foundation found that one-third find it difficult to make friends in the city, and a quarter are lonely.
Many of the lonely people tend to be those living in high-density housing, and young adults who aren’t yet embedded in careers, Reimer said.
“There are a lot of people that just don’t feel welcome here,” she said.
With Vancouver’s sky-high housing prices, problems around affordability are creating resentment.
Over 60 per cent of residents aged 25 to 34 see Vancouver as “a resort for the wealthy,” with “too much foreign ownership,” according to the survey.
Frustration around housing is leading many to incorrectly place the blame on foreign owners from Asia, according to Reimer.
“There is a strong tension around race,” Reimer said. “We have to get ahead of that.”
Reimer said the task force would be composed of 16 volunteers from diverse backgrounds — half renters and half owners would be one division — and a likely focus of planning would involve encouraging neighbourhoods to get more involved in tapping into existing infrastructure budgets. The idea is to create public spaces “more aligned with what the community wants.”
- from ‘Lonely city: Vancouverites isolated, resentful; city council seeks answers’, The Province, 25 Sep 2012 [hat-tip joe_blown_away_by_high_housing_costs and others]
Most Recent Comments:
- Real Estate Tsunami on Chat Thread
- forex conquest review on Gord Goble in Local Newspapers – Vancouver RE ‘House Of Cards’ Will “Implode”
- rod_jonsson on Chat Thread
- Nemesis on Chat Thread
- Leona on MSM Continue To Pump RE – “What’s next? “Cigarettes found to extend lifetime: Marlboro?”
- rod_jonsson on Chat Thread
- Nemesis on Chat Thread
- rp1 on Chat Thread
- Farmer on Chat Thread
- Nemesis on Chat Thread
- Nemesis on Chat Thread
- Nemesis on Chat Thread
Type of Anecdote
- 01. He Said, She Said (247)
- 02. Profiting from the Boom (441)
- 03. Changed my Life (103)
- 04. Changed my Career (38)
- 05. Where do Buyers get the money? (958)
- 06. Held my Nose and Leapt (96)
- 07. Avoiding Vancouver (375)
- 08. Overextended Buyers (1182)
- 09. Delaying Buying (315)
- 10. Demoralized Renters? (362)
- 11. Regrets about Investing in RE (417)
- 12. Effects of Development (274)
- 13. 2010 Olympics Related (74)
- 14. Social Effects of the Boom (1255)
- 15. Misallocation of Resources (958)
- 16. Missed The Boat? (236)
- 17. The Froogle Scott Chronicles (27)
- 18. Spot The Speculator (171)
- 19. BlastRadiusPostCards (17)
- 20. The Limitless Demand Argument For Ongoing Market Strength (70)
- 21. Vancouver RE-Verse [Found Poems] (8)
- 22. RE References In Popular Culture (41)
- 23. Jumping The Shark (1)
- 24. Policies On Housing (10)
- 25. Epigrams For The Bubble (1)
- 26. Premature Calls Of "Bottom" (3)
- 27. Seller Panic (3)
- 28. Erroneous Causation Theories For Falling Prices (7)
- 29. Bubblespeak (1)
- Uncategorized (176)
Blogroll
- 01 Vancouver Condo Info
- 02 AmericaCanada [retired, no archive]
- 03 Housing Analysis
- 04 RealEstateTalks BC
- 05 Vancouver RE and then some
- 06 Whispers from the Village on the Edge of the Rainforest
- 07 Greater Fool
- 08 Canada Bubble
- 09 Rob Chipman's blog
- 10 YatterMatters
- 11 condohype [retired; archives available]
- 12 vancouver (un)real estate
- 13 Agent Will's Stats [retired]
- 14 Landlord Rescue
- 15 The Economic Analyst
- 16 Canadian Housing Price Charts
- 17 Hoodsurf [retired Jun 2011]
- 18 World Housing Bubble
- 19 Vancouver Price Drop
- 20 North American Economics


-
Latest Anecdotes:
- Chat Thread
- Taking A Break
- “My best guess: this property is now an ‘investment hold’ and will be built ‘when prices recover’. Good luck on that!”
- Man Loses $745,000 Vancouver Condo Deposit
- Graphic – Degrees of Housing Overvaluation in Canada
- The Rare Individual With A Negative Ownership Premium
- Advice Regarding Renting In Vancouver, Please – “Unfortunately, the Vancouver rental stock is absolutely atrocious. It just seems like every landlord is looking for someone to pay 100% of their mortgage on a crappy place through rental income.”
- “I just visited Manhattan for a week, and happened to snap some real estate ads on both the Upper West and Upper East sides of the island. Compare to Vancouver. It simply doesn’t compute.”
- Ben Rabidoux In Vancouver Next Week
- “The mortgage company told me they were calling in my 40-year, 0-down mortgage. I have paid nearly sixty thousand dollars towards it, but, nearly five years in, I have yet to touch the principal.”
- ‘Vancouver City Hall: Housing Report Card 2012′; Plus Revised Version
- “My folks find themselves at 65 still owing half the value of their home and recreation property to the bank. After almost 30 years of ownership in the BPOE and a number of boom markets, they have very little to show for it.”
- “Rent for $2,200 a month or buy and have a mortgage of $4,310 per month. Why would anyone buy?”
- “They were talking about two couples they knew who had recently bought a lot and planned to each build a house on it and live as neighbours.”
- Greater Vancouver Home Builders’ Association Annual First-Time Buyer Seminar Attendance Plummets
- Mom and Pop Get It Wrong In All Markets, Time And Again
- The average British Columbian homeowner is not going to pay off their mortgage by the time they retire.
- “He’s sold all his properties except his current one, which is now for sale. He explained that the market’s currently in crash mode, worst that he’s ever seen.”
- “One of my old high school buddies finally got her mother to sell the family home in Kitsilano – sold for over $1M, monies realized after debt paid off $185K.”
- “I know someone who just declared bankruptcy because her condo was assessed at $150k and she bought it presale north of $250k in 2005 or 2006.”
- Sturdy, With Views – “Calling Froogle Scott!… Is Dr. Scott ‘In The House’?” [Not In This One, Certainly]
- “She said the market was dead in Victoria and that it would remain so for a very long time. I asked how she knew. Her answer was fascinating and should scare the pants off the real estate crowd.”
- Kits Notes – “I’m pretty sure that this is the first 3+ bedroom property of any type that I’ve seen in the 5 years I’ve lived here that is priced below $700K.”
- “A beautiful Belfast home, in the equivalent of 1st Shaughnessy, bought at their RE peak in 2007 for £3.5 million, has now sold for £800K, almost 80%-off. The market didn’t suffer any significant economic shocks. Rates & unemployment didn’t skyrocket. They didn’t build more land. Sentiment just changed and the prices fell and fell.”
- “Two family members of hers are trapped, underwater, in condos on the East Side.”
- “Interprovincial migration is not saying good things about BC’s economy.”
- Vancouver RE: Not As Expensive Provided You Don’t Think – “It’s clear that our perception of affordability has been coloured by living on a continent where housing is unusually inexpensive.”
- More Undisclosed RE Industry Insiders Publicized As Clients – “In 1995, Allan and Karin Hoegg were mortgage-free. But no more. Today their Vancouver home is a valuable source of income as they plan for full retirement.”
- Rumor that some OV units will be reduced by 20%.
- Downside Weights On The Vancouver RE Market – “One of the older guys (over 60) mention to the guy beside him that he and his wife were thinking about selling their family home, and renting, in order to get some of the money that was locked up in the house.”
- “My buddy was looking to upgrade to a house in the Coquitlam area. With 200k extra for a home, that’s half of lifetime saving between him and his wife.”
- “I was walking in the Fraser neighborhood yesterday, I noticed that the population, on average, seem to be composed of workers. I belong to the top 5 percent in terms of income. Nevertheless, I cannot afford any of the houses for sale in that neighbourhood.”
- “Vancouver is an urban resort whose value mostly resides in its real estate and not much else.”
- “Rogers Communications is expanding into RE; aiming to relaunch website; providing critical data that can help potential buyers assess the value of a property from the comfort of their home computer.”
- I’m only 50 and I can just about retire if I want to, all because of a single simple decision – “When prices rebounded to their former highs, then rocketed another 30% higher to what I considered to be totally unsustainable levels, I decided that only a fool would pass up a second opportunity to harvest such a massive non-taxable capital gain, and in 2011 I sold my place.”
- The Vacant Lot of Versailles, Richmond.
- “I don’t think that most people think things are going to crash, just that there is going to be a slight correction, but it was amazing to me how sentiment has changed, and the fact Vancouver RE is too high was just understood.”
- “The ‘investor’ who purchased our house put it up for sale two months later, in January 1981, but the bubble had burst.”
- For A City To Have That Kind Of Vacancy, It’s Like Cancer – “Downtown, the vacant unit rate is so high that it’s as though there were 35 towers at 20 storeys apiece – all empty.”
- “What’s the worst that can happen? You can’t pay your mortgage, so sell your house! No fear.”

Follow vreaa on twitter
- Chat Thread wp.me/pcq1o-5vD 3 weeks ago

VREAArchives
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- October 2008
- September 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Tags
Anecdotes Banks Bears blogs British Columbia Bubble Bulls buyers Canada Capitulation China CMHC Construction Debt Economy Employment Fear Foreign buyers Fundamentals Government Housing Interest Rates Landlords Life Media Mortgage brokers Okanagan Olympics Ownership Prediction Real Estate Realtors Relationships Rent Retirement RE_ATM sellers Sentiment Speculators Toronto US Vancouver Victoria Visual Anecdote Whistler




























SkinnyStreets™. There! Fixed it.
Not to worry, Vancouver’s overpriced real estate will soon be remedied, and once this takes place the discontented people will be the formerly house rich. They will become very familar with the new term which describes them known as “Underwater.”
“Many of the lonely people tend to be those living in high-density housing”
Truth. While I despise basement suites for a multitude of reasons, from what I’ve seen they provide one of the better ways of solving some of the problems Reimer is attempting to solve.
I agree with one of the comments on the previous post about “foreign ownership”. It’s ultimately a wealth and civic contribution issue, something quite frankly Reimer needs to think more about than brushing it off as “race”. In my view there need to be tangible, disproportionate, and transparent rewards for civic engagement.
Move. Duh.
Of course, they’ve probably drank the BPOE Kool-aid already. Too bad for them.
don’t feel too bad, same thing happening in HongKong
“Tao Dong, Chief Regional Economist for Non-Japan Asia at Credit Suisse, believes Hong Kong housing market has turned into a crazy condition as property rentals keep surging, and he has just sold his own property. He believes property prices won’t go up for long term, but they won’t see any slump either.
“It is understandable that liquidity moves to property market due to capital restriction in China, Tao said, and hot money is still circulating in the country. Tao stays on sidelines over the housing policy in China, as real estate remains an important sector that backs the Chinese economy. He expects property prices to make correction in long term.
http://www.aastocks.com/en/news/HK6/NOW.509370/Count3.html
is the solution to Vancouver’s real estate problem the same as Hong Kong… an easing of Capital restriction in China?
I’ve lived in a number of Canadian cities, including red-neck central a.k.a. Calgary (which isn’t nearly as right wing as people like to say it is despite the zombie voting for conservatives.) I have never seen such open as well as subtly polite racism as I’ve seen in Vancouver. There’s obviously a love-hate relationship here in Vancouver towards the Chinese. They bring in money and drive up real estate prices so that the real estate industry flourishes and current home owners are happy, but at the same time Vancouverites resent them because they drive up prices on everything else and prevent new buyers from purchasing cheap real estate like their parents did. This is accompanied by a blindness towards speculation on real estate amongst established Canadians and a recognition that it is established Vancouverites’ greed that is destroying the city they so totally like to call “The Best Place On Earth.”
… but it’s always easier to blame it on someone else who isn’t from your home town/province/country than it is to take a good hard look at the problems you yourself have created.
The elitism, racism and exceptionalism I’ve seen in Vancouver makes the Fracophone shit-disturbers in Quebec look comparatively civil and moderate.
@Snord you say ” prevent new buyers from purchasing cheap real estate like their parents did”
Buying real estate cheap is not the issue; fairly priced real estate is. By fairly price I mean prices that can be backed up by long established fundamentals such as price:rent or multiples of average family income.
An average family making average income should be able to afford an average home, this is not true in Vancouver and it i as real problem for many people.
I agree it is a real problem, but an average family may never be able to afford the average home again in Vancouver. Even if prices decline a great deal, it will be beyond what most families can afford.
Translation: “buy now or be priced out forever”. Please.
I think I’ve been living in Vancouver too long when I unconsciously equate “cheap” with “prices that can be backed up by long established fundamentals.”
I agree with you though.
There’s something really fishy when family earning two standard deviations above the mean income can’t afford to buy reasonably sized or quality housing.
translation: “be content to rent, forever”
concept “ham” -> visible mark, no public voice, good for paranoia, good for sales, good for venting steam
Unfortunately, it’s nearly impossible to detach the race card from Vancouver’s “status” as the most unaffordable city in North America (and one of the most unaffordable in the world). You can easily get an honest simple opinion from your school-aged children if you have them. Children are generally very aware of income/wealth inequality when they experience it every school day even if they can’t rationalize or clearly articulate the reason for it. They simply “know” who “have the money” and it’s difficult as a parent to provide a different/more complete and honest perspective when you, yourself, sometimes experience the same resentment.
There’s a point when your children nearly come to resent you even if you’ve provided your best coaching on these sensitive and difficult topics because they know deep down what every parent never wants to admit to their children – the conclusion of many adult conversations: “we just can’t afford it”.
(This may have some bearing on the collosal amount of debt many Vancouver families carry and the stupid financial risks they take.)
Feelings of resentment caused by income/wealth inequality are established much earlier than adulthood and increased civic participation or whatever will likely do little to change this. Income/wealth inequality is an extremely dangerous condition for a safe well-functioning society and Vancouver is quickly reaching the tipping point. This is often the natural outcome when important markets for essential services like housing are more or less completely un-regulated and improperly managed for the benefit of all. Vancouver, as a city, is obviously managed for the benefit of the rich and the only solution for middle-class families is to take matters into their own hands and leave.
Except that Vancouver housing is actually over-regulated. The central planners have given you “Vancouverism” – wether you want it or not.
What about all the drug dealers that purchase homes for grow ops with cash. All the illegal activity has contributed to the purchase of homes being paid out right to clean their money. Look at the Hells Angels etc. Did they not confiscate several homes form family members of the a prominent Hells Angels dude. He’s just one that got caught. What about all the many others that do not get caught.l I know about 4 families who have participated marijuana growth and have paid off their houses in full. I do not think the HAM are to blame but are easy scapegoats and good fodder for the media.
I drove by the concord pacific presentation center on no 3 road in Richmond tonight, they were having some swanky outdoor party with a tent, DJ booth lights and everyone was dressed to the 9′s.
Looks like some people are having fun.
Q: Where did the money for the ‘fun’ come from?
A: It was borrowed into existence by a home buyer. They were spending somebody’s debt.
http://vancouvercondo.info/2012/09/less-than-a-hundred-reasons-re-is-collapsing.html/page-1/#comment-174416
I was at Save on Meats for lunch this week, for nostalgia, and beside me at the bar was a tourist.
Another diner, who mentioned he works at a liquor store, started chatting him up and they were talking about how great Vancouver was.
I heard,
“I almost got stabbed by some punk kid yesterday”
“You can go snowboarding in the morning and go the beach on the same day”
“Whistler is expensiveeeee, it is only for rich people”
“Vancouver has some amazing weed”
Hilarious: please consider as a separate post! This should be widely disseminated.
http://blogs.canada.com/2012/09/27/on-the-house/#comments
“Income/wealth inequality is an extremely dangerous condition for a safe well-functioning society and Vancouver is quickly reaching the tipping point.”
If you want an example of what happens further down this yellow brick road, one need only look at the recent riots in Britain.