Rental crisis in BC

Rental crisis in BC

Rental crisis in BC A lack of affordable rental property in British Columbia is at crisis levels according to BC Non-Profit Housing Association. Its research reveals that almost half of renters in BC are paying more than 30 per cent of their gross income in rent; 30 per cent is considered to be an acceptable maximum. Almost a quarter are paying more than half of their income on rent. There are 517,430 renters in BC and a quarter of them earn less than $19,500 a year. The housing association has launched a new interactive map that gives information on affordability of rentals. Read the full story.