Despite rise in Vancouver rental vacancies, affordability is still a distant dream

As the vacancy rate goes up in Vancouver, renters do have more options – unfortunately, those renters don’t include lower-income households.

“We are still far from an abundance of affordability in our time, especially for those on living wage incomes,” said Andy Yan, associate professor of professional practice in urban studies at Simon Fraser University. “We define that group as those households earning less than $50,000 a year. There is very little new housing for them.”