(Black Press Media files)

(Black Press Media files)

Almost half of B.C. renters spend more than 30% of income on housing

That’s according to latest Canadian Rental Housing Index data from 2016 Statistics Canada census

Almost half of B.C. renters are spending more than the recommended 30 per cent of their income on housing.

That’s despite B.C. residents earning roughly $5,000 more in average yearly income than the rest of Canada, according to the latest numbers on the nation’s rental housing index, released Tuesday by the B.C. Non-Profit Housing Association.

The information comes from the 2018 Canadian Rental Housing Index, a database of rental housing statistics based on the latest census data from Statistics Canada.

“Traditionally, spending 30 per cent or less of household income on rent has been viewed as the benchmark of what is considered affordable,” Jill Atkey, the association’s acting CEO said in a news release.

With B.C.’s average annual income sitting at $58,698, the data say 43 per cent of the province’s 590,000 renters are spending the 30-per-cent benchmark on rent and utilities per year – about $17,500. A further 21 per cent are shelling out more than 50 per cent.

“This marks the first time in a generation that the rate of Canadian renters has outpaced the number of Canadians buying a home, and speaks to the need to increase the supply of affordable housing,” said Jeff Morrison, executive director of the Canadian Housing and Renewal Association.

The only province to see more of a rental squeeze is Ontario, where 46 per cent of renters are spending more than 30 per cent of their income on rent and utilities. There, the average income is closer to the nation’s average at $53,691 per year.

B.C. renters balance income, rental rate, overcrowding

The high rent in B.C. is forcing 10 per cent of renters to live in overcrowded conditions, the data shows – calculated by the number of residents in one dwelling with considerations of their age and gender.

“With escalating prices keeping many Canadians from affording home ownership, as well as a lack of affordable rental housing supply, more people are entering the rental market or staying in the rental market longer,” Morrison said.

Within B.C., Vancouverites – to no surprise – are spending the most on rent and utilities, with the average monthly rent of $1,295 – about $150 more per month than the provincial average.

They may earn more – about $65,549 per year on average – but they are also spending 24 per cent of their income on rent, one percentage point more than the average.

That still leaves 44 per cent of renters shelling out more than 30 per cent of their income on rent.

In the Fraser Valley, where the average rent is $975 a month, 42 per cent of renters are spending more than 30 per cent of their income on rent and utilities. But in Abbotsford, 12 per cent are living in overcrowded conditions.

Then there are the cities where income isn’t keeping up to rent, causing more residents to spend a greater portion of their income on it.

In Victoria, the average monthly rent is about $1,053. But the average salary is $7,000 less than the provincial average, 46 per cent are putting than 30 per cent of their income towards housing. A further 22 per cent are spending more than 50 per cent of their earnings on rent.

In the Okanagan, where there’s no shortage of larger rental units, only five per cent of renters are dealing with overcrowded conditions. However, 47 per cent of renters still pay more than the 30-per-cent benchmark.

The average renter there spends 25 per cent of their yearly income on rent and utilities.

B.C.’s north and the Kootenays could be the “promised land.”

Rent and utilities in the Cariboo costs about $782 per month on average. More than half of its renters spend less than the benchmark of their income on housing.

In the Kitimat-Stikine region, renters are spending about 18 per cent of their income on rent, which is an average of $919 per month.

Meanwhile, the Bulkley-Nechako region holds the most ideal condition: $811 per month, with 59 per cent of renters spending less than 30 per cent of their income on rent, and earning $1,000 more per year than the provincial average.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Al Kohut, owner of the new photographers GALLERY, checks out Looking Back by David Bradt. The photo printed on canvas is among 50 images featured in the Birds on the Wild Side exhibition showing until July 3. (Wolf Depner/News Staff)
Photo gallery in Sidney plucks out top bird photos

Birds on the Wild Side show running at the new photographers GALLERY until July 3

A bathtub kitchen garden is part of the lineup for this year’s Teeny Tiny Garden Tour to benefit Victoria Hospice. (Screenshot/Teeny Tiny Garden Tour)
Virtual garden tour for Victoria Hospice features trio of back yards

Online tour is free; calendar purchase and donation options raise money for the cause

The Town of Sidney supports efforts to rename Reay Creek to KELSET, its traditional SENCOTEN name. (Black Press Media file photo)
Town of Sidney signs off on Reay Creek name change to KELSET

Name change does not affect surrounding parkland, but public supports doing so

Saanich Police Vehicle (Black Press Media file photo)
Saanich crash closes lane of McKenzie Avenue

Police say there were injuries, traffic is impacted

Hot rods, rad rods, muscle and sports cars spanning the decades made their way in a parade from North Saanich to Victoria on June 19. (Kiernan Green/News Staff)
PHOTOS: Classic cars cruise Saanich Peninsula in advance of Father’s Day

Retirement home residents from North Saanich to Victoria treated to a spectacle of hot rides

Jesse Roper tackles weeds in his garden to kick off the 2021 season of What’s In My Garden Man? (YouTube/Whats In My Garden)
VIDEO: Metchosin singer-songwriter Jesse Roper invites gardeners into his plot

What’s In My Garden, Man? kicks off with the poop on compost

A Lotto 6/49 ticket purchased in Parksville for the June 19, 2021 draw is a $3M winner. (Submitted photo)
Winning Lotto 6/49 ticket worth $3M purchased on Vancouver Island

Lottery prize winners have 52 weeks to claim jackpot

Barbara Violo, pharmacist and owner of The Junction Chemist Pharmacy, draws up a dose behind vials of both Pfizer-BioNTech and Oxford-AstraZeneca COVID-19 vaccines on the counter, in Toronto, Friday, June 18, 2021. An independent vaccine tracker website founded by a University of Saskatchewan student says just over 20 per cent of eligible Canadians — those 12 years old and above — are now fully vaccinated. THE CANADIAN PRESS/Nathan Denette
At least 20% of eligible Canadians fully vaccinated, 75% with one dose: data

Earlier projections for reopening at this milestone didn’t include Delta variant

This undated file photo provided by Ernie Carswell & Partners shows the home featured in the opening and closing scenes of The Brady Bunch in Los Angeles. Do you know the occupation of Mike Brady, the father in this show about a blended family? (Anthony Barcelo/Ernie Carswell & Partners via AP, File)
QUIZ: A celebration of dad on Father’s Day

How much do you know about famous fathers?

Emily Steele holds up a collage of her son, 16-year-old Elijah-Iain Beauregard who was stabbed and killed in June 2019, outside of Kelowna Law Courts on June 18. (Aaron Hemens/Capital News)
Kelowna woman who fatally stabbed teen facing up to 1.5 years of jail time

Her jail sentence would be followed by an additional one to 1.5 years of supervision

The George Road wildfire near Lytton, B.C., has grown to 250 hectares. (BC Wildfire Service)
B.C. drone sighting halts helicopters fighting 250 hectares of wildfire

‘If a drone collides with firefighting aircraft the consequences could be deadly,’ says BC Wildfire Service

A dose of the Pfizer-BioNTech COVID-19 vaccine is pictured at a vaccination site in Vancouver Thursday, March 11, 2021. THE CANADIAN PRESS/Jonathan Hayward
NACI advice to mix vaccines gets varied reaction from AstraZeneca double-dosers

NACI recommends an mRNA vaccine for all Canadians receiving a second dose of a COVID-19 vaccine

A aerial view shows the debris going into Quesnel Lake caused by a tailings pond breach near the town of Likely, B.C., Tuesday, Aug. 5, 2014. THE CANADIAN PRESS/Jonathan Hayward
Updated tailings code after Mount Polley an improvement: B.C. mines auditor

British Columbia’s chief auditor of mines has found changes to the province’s requirements for tailings storage facilities

A North Vancouver man was arrested Friday and three police officers were injured after a 10-person broke out at English Bay on June 19, 2021. (Youtube/Screen grab)
Man arrested, 3 police injured during 10-person brawl at Vancouver beach

The arrest was captured on video by bystanders, many of whom heckled the officers as they struggled with the handcuffed man

Most Read