Vancouver is considered as a nicest city to live with a lot supernatural beautiful setting. Living in a nice city requires the price, and Vancouver is also known as the expensive city around the around. There are a lot of young professionals who wants to move to Vancouver due to many opportunities they can earn. In order for a young professional to move, they need to be covered with financial. Because Vancouver is growing rapidly with gentrification leading, the prices are receiving the roof. Vancouver has become a place where a young professional can only dream about living. Furthermore, gentrification is bringing in more rich immigrants who are increasing the rent, and also filling in the spot that can be filled with local people. Vancouver is becoming more urban city; however, the prices for rent, and education is increasing rapidly that is making young professionals harder to move in.
Vancouver is well known as the expensive city around the world: "The city has just been ranked the third most unaffordable housing market in the entire world" (Matheson, 2016). There are a lot of young professionals who wants to move to Vancouver; however, it is too expensive and unaffordable with their jobs. According to Retail Council of Canada, the minimum wage in British Columbia is $10.45. Students who gets paid minimum wage cannot find a place that can match up their financial savings and the house listings. Due to the fact, the cheapest one bedroom condo in Vancouver was listed as
There are various of reasons why gentrification is good for downtown in Vancouver. Downtown in Vancouver was basically falling apart, the best thing for it is gentrification. Being one of the oldest neighborhoods around, I believe it needs change. In the background essay about Vancouver’s downtown in the DBQ (p. 161), it exclaims that “And like families and their members, cities and their neighborhoods change over time”, this is basically telling us that Vancouver’s downtown is used on experiencing “change”, and that it’s okay for a change due to people coming and going. Another reason why I believe gentrification is good is because the city could get rid of all the “druggies” living in the area. Yeah, you might say that it won’t work but I
Ultimately, the impact of gentrification on the Downtown Eastside will be most felt by its current low-income residents. It is understood that the complexity of the issues found in the Downtown Eastside does not allow for an easy fix. The extent to which gentrification’s impacts have been and will be felt by those living in the area are and will be great, respectively. While gentrification may bring diversity to Vancouver, it is at the expense of the many disadvantaged residents of the Downtown Eastside who will be
The population of the Vancouver metropolitan area is 2.5 million ("Vancouver Population 2016."). The growth rate of Vancouver has been increasing; the population went up by 200,000 from 2006 to 2011 ("Vancouver Population 2016."). As the growth rate goes up, it results in a rise in the birth rate as well. Vancouver is a very diverse area with many ethnic groups and cultures.The 3 main ethnic groups in Vancouver consist of Caucasian, South Asian Origins, and Southeast and east origins. Vancouver being diverse could attract many others to migrate. The majority of Vancouver's area is very dense which also leads to it being a clustered area due to the big population in a tight area, the densest
c) Increase in the inflow of new immigrants- One of the primary reasons behind the rise in the issue of homelessness in the country can be the recent trend of increased immigration in the country from other parts of the world. Canada, in the last few years, has developed immensely regarding economic and industrial aspects and the country currently boasts of its robust industrial, service and export sectors, which in turn attracts a lot of potential workers from all over the world, for a better standard of living. Apart from the employment sector, the education sector of the country is also one of the primary attractions in the country. Canada has some of the finest universities in the world, which attracts a huge number of students from across the country, which in turn increases the demand for housing in the country, thereby increasing their prices.
She is working a minimum wage job and making 10.85 an hour. She works five days a week 8 hours a day her paycheck is 868 dollars. Meaning she is making 1,736 dollars a month, now if she has to pay rent for a two-bedroom apartment which is at least 1,500 dollars a month in rent. From that 1,736 dollars, she's now down to 236 dollars and still unable to make ends meet. If she is unable to make ends meet there is a high likelihood her and her families can end up homeless. I don’t believe that the BC provincial government is taking the necessary steps to minimize poverty since in Greater Victoria alone approximately 1,700 people are going without homes. With the cost of living being well above most peoples grasp, it is practically impossible for millennials to find affordable renting opportunities, let alone buy property. I agree that we are going in the right direction by raising the minimum wage to 15 dollars. Although, this slow increase of 4.35 dollars does not make up for the lack of compensation to account for inflation. To be sufficient, it must increase to at least 18 dollars an hour to live comfortably in today's
While import costs for goods and services are rising, the average income is not. Imports costs are increasing as the value of the Canadian dollar falls. People who are working for a minimum wage have almost no chance to purchase their own property in the near future. Housing prices in Canada are constantly growing and are reaching record highs. In Canada, the average cost of living is about $20,164 per year; which makes it quite difficult for individuals earning a minimum wage to support themselves (Young, 2015). The increasing cost of living is often mentioned from consumers based on an eye test. However, with the fallen value of the Canadian dollar, this is becoming truer by the day. In its most recent decline, the Canadian dollar has decreased by fourteen percent to just above seventy three cents US (Sreauss, 2015) Canada imports almost 81% percent of its fruits, vegetables and nuts. Thus, as the Canadian dollar decreases in value, the cost of these items has increased. This results in families spending more of their income on living expenses. Unfortunately for Canadians, their income has not increased at the same rate (CBCNEWS, 2015). For individuals on social assistance, the amount received rarely covers both the cost of shelter and food, leaving many to rely on food banks. On social assistance, a family would need to spend 37% of its income on food and 69%
Based on a survey done by Mercer, a company who uses analytics and insights to make a difference in the lives of the public, as of 2016 Vancouver is the most expensive city to live in Canada, followed by
Canada is considered a first world country, ranking well above the Organization for Economic Co-operation and Development’s Better Life index average in all categories. Canada is safer and Canadian citizen are healthier, happier, and better educated than the majority of other countries. In spite of this, at any given night 30,000 Canadians do not have a home. An estimated 200,000 people are homeless every year, and 50,000 every night are staying with a relative or friend and have no permanent housing. In 2013, a one bedroom apartment was approximately 38,000. 55% of parents, 31% of couples and 69% of single people make less than this. In Toronto, lack of affordable housing affects one in five renters. This is an issue is becoming increasingly relevant and more people try to find jobs in the city, where
This was benefitting Canada in ways such as more people were coming into Canada which meant that these people would buy homes and cars that helped the economy. There was also more diversity in Canada because there were people from different country coming into Canada. Most family in Canada had up to two cars per family which helped the economy and the business market in Canada. As a result of more people coming into Canada meant that they need food, money and a home this lead to more factories opening up for the people that need to work. This had a positive impact on Canada because with new people brought in new business and new ideas. . Rural area became suburbs and cities worker that worked in rural area moved to the cities.
Many people grow up in families where they are told that homeownership is an important asset one should strive for. For the past year my sister and her husband have been trying to purchase their own home in the GTA, but it came to no surprise they struggled to find an affordable home. “Prices have ticked up every year since 1998 (with one exception: in the 2008 recession, they dropped briefly and only barely)” (National Post). Throughout the last couple years housing prices in Canada continue to rise, with the highest house prices found on the west coast in Vancouver, British Columbia. This report will mainly focus on the booming real estate markets in Vancouver and Toronto, exploring the existing problems and solutions.In 2015 and 2016, house
They settled mostly in Toronto, Vancouver and Montreal because they are seen as big cities with greater job opportunities. The problem with skilled immigrants taking unskilled jobs began in 1880 when immigrants from Asian countries were hired to build the Canadian Pacific Railway. Those that are affected are people that come with high level of education and their credentials and experience are not transferable. This causes a psychological effect because skilled immigrants have spent many years getting educated and come from high paying jobs. The immigrants that come to Canada are not given the opportunity to continue their career that they have built for themselves and unfortunately end up taking unskilled jobs with a huge drop in salary which creates a very high level of emotional instability. The consequence of this results in Canada spending more on welfare because these newcomers will depend on the country. Canada as a country is missing out on talent because many skilled immigrants will think twice before moving, considering the fact that it is much more difficult to find opportunities that will allow them to pursue their career without having to go back to College and redo their
We have created a place where living costs are beyond reach; leaving many in a struggle of everyday life. The raised prices, make people with low income jobs forced into debt or bankruptcy. This concludes to severe consequences, such as becoming homeless and the loss of one’s job. As Vancoverites lead a very busy lifestyle, we tend to ignore or overlook the homeless. Not only the people of Vancouver has ignored the mess in the DTES but also the government. The government has inadequately tried to clean up the DTES; contributing to futile outcomes. They have tried to increase policing in the community and health advances. However the policing brings more violence (police brutality) to the area and the healthcare provided doesn't provide therapy. This leads to a defamed area, where crime is the normal and people with mental illnesses subjected to fend of the streets.
For the past, 24years Canada averages 250,000 per year immigrants. This eventually leaves a drastic effect towards the Canadian people. As people all around the globe look towards Canada for social assistances and better job opportunities. However, this kind of attitude is not good for the Canadian people. As in Canada minimum of 1.5 million Canadian are looking for work with little job opportunities available at their disposal. So now due to growing number of immigrants in Canada, therefore Canadian are been forced to compete with the immigrants through Canada’s so-called “Employment Equity for Visible Minorities” programme. Secondly due to the invasion of immigrants in Canada it has caused an increase in house prices as well as demand for
The most recent population count in Vancouver, B.C. was in 2011 stating that 603,500 people were living there. About 2,500 homeless people are none to live on the streets of Metro Vancouver. The Vancouver growth has been on the decline in the past couple years where it once reached 9% in 1996.
This can especially be noticed in the Toronto and Vancouver areas where cost of living is higher than other regions in Canada, but salaries are the same or may be only slightly lower. This makes it a real challenge for individuals in these situations to save money and grow their net worth.