click here to read Jan. 9, 2019 bulletin

Posted February 18, 2020   click here to read more

BC Budget: Delayed Investments Will Only Make BC’s Housing Crisis Worse

Housing advocates express disappointment in 2020 provincial budget

  • Rents continue to rise faster than inflation across BC, with average rents in the purpose-built rental market increasing almost 6 percent between 2018 and 2019, and over 20 percent since 2016.

  • In 2017, the Co-op Housing Federation of BC and BC Non-Profit Housing Association released an Affordable Housing Plan for BC, which called on the provincial and federal governments to build 114,000 affordable homes between 2018 and 2028, including co‑operative and non-profit homes.

  • Budget 2019 promised the delivery of 15,940 new affordable homes by 2021/22. Budget 2020 reduces that promise to 13,515 new affordable homes in the same period.

106 adults in Cranbrook experienced
                             ABSOLUTE HOMELESSNESS in 2016

13% of Cranbrook high school students

                       EXPERIENCED HOMELESSNESS in 2016

34% of surveyed adults 1st experienced homelessness

                                                  BEFORE THE AGE OF 17

Cranbrook’s Affordable Housing Gap

The State of Homelessness and Core Housing Need

Like many communities in BC, Cranbrook is facing a significant shortfall of affordable rental housing and ownership units. Affordable housing is a critical issue in addressing poverty, impacting both the local economy and overall quality of life. The attached report provides a snapshot of the current situation in Cranbrook, the resource and support available to support action, and it concludes with a community call to action the

solutions.

THE CHALLENGE
THE HARD TRUTH

The 2016 vacancy rate in Cranbrook averaged <1.5%

49% of renter households in Cranbrook spend more than 30% of their before-tax income on rent and utilities and are generally considered to be living in unaffordable situations.

Over 19% of Cranbrook’s homeowners are spending more than 30% of their pre-tax

income on shelter.

22% of renter households in Cranbrook spend more than 50% of their before-tax income on rent and utilities and face critical affordability issues and may be forgoing other necessities.

MORE RESOURCES

BC'S AFFORDABLE HOUSING PLAN

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