The number of purpose-built rental homes in Victoria has hardly increased over the past 30 years. The market reflects the proper supply and demand balance, we wouldn’t see rapid rent growth, like last year,” she said. Pershing Sun, senior economic analyst with CMHC, said over the past year the vacancy rate in Victoria declined to just one per cent while purpose-built apartment units expanded by two per cent in 2021 - half as many as in 2020. “I hear the words ‘housing crisis’ every day, and we all need to be part of the solution, including people who are running these illegal rentals,” said Helps.Īccording to the Canada Mortgage and Housing Corporation, the vacancy rate in Greater Victoria for purpose-built rentals is at one per cent, as of February 2022. While Victoria Mayor Lisa Helps notes the short-term rental bylaw on its own is not expected to solve the supply issues, the hope is that it will help ease the pressure renters face. One of the goals of the City of Victoria’s short-term rental bylaw was to return some of those units to the rental market. There’s a lot of Canadians not knowing where they’re going to live or having to live in a place that they don’t want to at all.” It really is and gas prices are making it worse. “People are sitting in places they might not want to stay in just because they have to. I mean, you just can’t find an affordable place these days. “I despair to what people are going to do. Shuttleworth says he may have an easier time finding a place since he is single without kids or pets, and he worries for those in different situations than he is. “And at my age, that’s not ideal, but it might only be what I can afford to take for now.”Īlthough the CMHC defines affordable housing as 30 per cent of before-tax income, Shuttleworth says he does not believe he can find a rental that fits within that range. A room in a nice house with a roommate or a shared accommodation,” Shuttleworth said. “I’m looking at renting a room, not even an apartment, that might be my only option. He says he is looking for a room in a house or some shared accommodation since that is all he can afford in the city, which isn’t what he expected his living situation to be at the age of 43. “I think I would have found something a lot sooner if the prices were lower and a lot more fair.” “I haven’t found a place yet, but I’m looking but certainly the prices have made it a slower process,” Shuttleworth said. Shuttleworth works in health care, and when he started inquiring about transferring to Victoria from up-Island where he lives, his employer told him to find somewhere to live first, then apply for the transfer. Geoff Shuttleworth, like countless other renters, can’t find a place to live in Victoria. CHEK News Ethics, Standards and Corrections Policy.
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