(File photo)

Two-thirds of renters want to see a housing crash in Metro Vancouver: poll

83% feel the region is suffering because of unaffordable real estate

Two-thirds of Metro Vancouver renters want to see housing prices fall in the region by more 30 per cent, a new poll released Monday by the Angus Reid Institute found.

Although most people felt that houses were expensive, renters felt like they were much worse off than homeowners.

The survey found that 82 per cent of renters felt that housing prices, affordability and real estate were the top issues facing Metro Vancouver, compared to just 56 per cent of owners.

(Angus Reid Institute)

By and large, the survey found that renters felt like the high house prices were hurting them. More than half of millennial felt the same way, as did those making under $50,000 a year.

Pollsters found a cognitive dissonance in how Vancouver homeowners felt about the prices of homes in the area.

When asked to describe the price of their own home, just 35 per cent found it “unreasonably high,” while 74 per cent thought that house prices in Metro Vancouver were “unreasonably high.”

The price of a home in their own city hit the middle with 51 per cent finding it unreasonable.

READ MORE: Hopes dashed for would-be Lower Mainland condo buyers

The disconnect was felt by renters too, with 81 per cent saying the typical cost of rent in Metro Vancouver was “unreasonably high,” but only 24 per cent found the price of their own rent unreasonable.

Just over 40 per cent of those surveyed say they’re “feeling the pain personally” as housing prices continue to stay high and 83 per cent say they feel the region as a whole is suffering.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

VIDEO: Surrey hair salon joins sustainability initiative

Hair can be used to create boom to clean up oil spills: Green Circle Salons

White Rock breaks temperature record

B.C. city was the hottest in all of Canada

South Surrey church members ‘praying for accused mother… for the whole process’

Lisa Batstone’s second-degree murder trial continues this week in B.C. Supreme Court

City will ask Fraser Health to remove pay parking at SMH, Surrey councillor says

Surrey’s new council has already made parking free on neighbouring city streets

VIDEO: Health and Technology District breaks ground on new building

City Centre 3 is the third of eight planned buildings: Lark Group

Trudeau offers to help Pacific islands face climate change impact

Prime Minister Justin Trudeau met with the leaders from the Pacific island nations on Saturday during the APEC Summit in Papua New Guinea

Price makes 36 saves as Habs edge Canucks 3-2

Late goal lifts Montreal past Vancouver

BC Minister of Agriculture loses stepson to accidental overdose

Lana Popham announces death of her 23-year-old stepson, Dan Sealey

Canadian military’s template for perfect recruits outdated: Vance

Gen. Jonathan Vance, the chief of defence staff says that the military has to change because the very nature of warfare is changing, particularly when it comes to cyber-warfare

‘Toxic’ chosen as the Word of the Year by Oxford Dictionaries

Other top contenders for 2018 include ‘gaslighting’ and ‘techlash’

RCMP bust illegal B.C. cannabis lab

Marijuana may be legal but altering it using chemicals violates the Cannabis Act

1 woman dead, man in hospital after ‘suspicious’ crash: police

Homicide investigators and Burnaby RCMP are investigating the fatal collision

Canada defeats Germany 29-10 in repechage, moves step closer to Rugby World Cup

Hong Kong needs a bonus-point win over Canada — scoring four or more tries — while denying the Canadians a bonus point

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

Most Read