“Vancouver has become a hotel.” – Bing Thom, architect
“A family from England’s Midlands region arrived in Vancouver last July. The professional couple came here for work and set about looking for a house to purchase for their family of four.
After viewing a series of overpriced properties on the city’s east side, they plan to give it three more months. If they still can’t find anything, they consider Ontario.
K. Singh says her family lived well in England; both she and her husband make white-collar salaries. But in Vancouver, they have had to adjust their standard of living. Another family – friends of theirs who moved from England at the same time – have already returned.
“I had heard rumours. I wasn’t entirely surprised, but I was taken aback by the intensity of the situation, really,” Ms. Singh says. “I didn’t think it would be this bad. Some of our friends decided to go to Australia and they didn’t have the same battle.
“We are ordinary working people. All our taxes are paid – all kosher. When you do that, you don’t usually have a huge amount of money to begin with. We suffered a hit because of Brexit and the pound fell drastically.
“I worry about where society is going, because when it gets to that level [of unaffordability] and you drive out the people who hold up the fabric of society, what’s going to happen?”.
Ms. Singh says her family is too large for a condo and she has friends and family that want to visit from England, so she needs a house, but nothing fancy. She doesn’t think that’s a tall order.
“You’ve got two sets of people in this world,” she says. “There are the people who want to get what they can for themselves – nothing will ever be enough for them.
“I fall into the second bracket: you just want to pay the bills, have a bit for a rainy day, live comfortably with family, and have friends and family to come and stay.
“That’s not too much to ask, is it?”
Daina Lawrence found an east-side house for her young family after eight weeks of searching.
“After we went through the process, I realized that I’d been sort of brainwashed by this market into thinking that paying for a million-dollar home means getting a total dump,” Ms. Lawrence says. “I came to think of that as normal – which is brutal in hindsight.”
– two anecdotes from ‘Mouldy mini-mansions, pricey average homes: Vancouver house hunting is a wild ride’, Kery Gold, G&M, 25 Aug 2017 [hat-tip The Auteur]