(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

Uphill battle for Cloverdale cyclist, 64, and her daughters in Cypress Challenge charity ride

Robyn Wells has lost both of her parents and two uncles to pancreatic cancer

Surrey Fusion Festival by the numbers: Two days of music, food and more at Holland Park

Free admission to 12th annual event this weekend (July 20-21)

Murder charge laid in Tee Bor case in Surrey

Pee Lee Pi, 26, of Surrey has been charged with second-degree murder

Canadian national softball team wins second straight Canada Cup

Team Canada defeats Texas-based Scrapyard International in gold-medal game Sunday in South Surrey

‘Bad choices make good stories’: Margaret Trudeau brings her show to Just for Laughs

Trudeau says over the decades she has been suicidal, manic, depressed

Diversity a Canadian strength, Trudeau says of Trump tweets at congresswomen

Trudeau avoided using Trump’s name when he was asked about the president’s Twitter comments

B.C. couple bring son home from Nigeria after long adoption delay

Kim and Clark Moran of Abbotsford spent almost a year waiting to finalize adoption of Ayo, 3

Search continues for missing elderly woman in Chilliwack

RCMP, Chilliwack Search and Rescue and community members combing area for Grace Baranyk

Health Canada revokes licences of B.C.-based pot producer Agrima Botanicals

The agency said it notified the company of a suspension in November due to non-compliance with regulations

Deals, protests during Amazon Prime Day

The Seattle-based e-commerce behemoth says it is offering more than a million deals

VIDEO: Hiker airlifted from Bridal Veil Falls Provincial Park Sunday

Park east of Chilliwack popular with tourist and B.C. residents who walk up to the falls

June sees drop in home sales, prices for real estate across B.C.: report

Sales dropped by 11.8%, while prices fell by 4%

Most Read