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#DontHave1Million campaign shows who can't afford Vancouver

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DH Vancouver Staff Apr 16, 2015 10:27 am

We all know Vancouver housing prices are ridiculously high and that it takes at least a six-figure salary to get a foot on the housing ladder, but very little has been done to make housing more affordable. A new social media campaign, however, aims to highlight the people who are being squeezed out of the city.

The #DontHave1Million campaign, started by 29-year-old Eveline Xia was inspired by a recent blog post by Sokanu president, Saeid Fard. Titled ‘The Decline of Vancouver’, the post intelligently described how Vancouver is losing out on talented employees due to the cost of living. Xia’s project highlights those workers who have the education and careers to theoretically live a comfortable life, yet can’t afford to put down roots in our city.

With the average price of a two-level detached home now at $1.27 million, the dream of owning a property is pushed far out of view for many young professionals and families. Earlier this year, Workopolis released a study finding the amount of income one would have to make to purchase an $819,336 house in Vancouver. A whopping $147,023 salary was the result. The average Vancouverite only makes around $60,000 a year.

There is no end in sight to the growing housing bubble in Vancouver. Head over to Twitter or Instagram and share your occupation and age along with #DontHave1Million.

 

 


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DH Vancouver Staff
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