Complaining about the high cost of buying a house isn’t just a Vancouver thing, it’s now a national trend.
A new Angus Reid Institute poll shows 55% of Canadians who live in urban areas see real estate prices as either “high, but understandable given the area” or “unreasonably high”.
Not surprisingly Vancouverites lead the pack in those sentiments: 87% of us compared to the most satisfied, those in Winnipeg at 46%.
But take a closer look at what question was asked, respondents were asked “high, but understandable given the area” and “unreasonably high”.
Just 17% of people in Metro Vancouver said it prices were understandable, 70% say it is “unreasonable.”
And three quarters of those polled in B.C. say government needs to get involved.