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Rising immense pressure on the lower mainland’s

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Rising housing prices in Vancouver is enforcing immense pressure on the Lower Mainland’s future as British Columbia millennials are searching for livable accommodations. Much of this stress is due to more millennials wanting to live near Vancouver and receive global attention from the 2010 Olympics and Expo 86′ (Justin Giovannetti, par. 2, 6). Yet, as the market is continuing to ascend, BC’s youth are struggling to find housing within the Lower Mainland. If finding housing is a struggle for many, it is challenging to create healthy thriving communities. If action is not taken with these rising prices, then more problems will begin to emerge. If wages rose at a similar rate, they could support the rising housing market but because wages are rising much slower than anticipated, this is making many residences in Vancouver unaffordable. As the ratio of wages and house prices are currently disproportionate, the financial cost for housing soars as wages remain relatively low.

Due to the demand for inhabitation, Vancouver citizens are transitioning from trade-based jobs to office-based jobs. The youth aren’t as interested in working in trades, but jobs in that field are still in demand (Craig Wong, par. 5). Further, companies are more focused on training people rather than raising wages.

Between January and August 2016, job availability in Metro Vancouver has grown by five percent, while British Columbia wages has only grown by one percent.(Jen St. Denis/Metro, par. 4) Some homeowners have even been lending second mortgages from private lenders with high-interest rates to compensate with the housing market.(Matt Scuffham and Allison Martell, par. 2, 4) The Bank of Canada states that since 2003, uninsured mortgages have risen by nineteen percent across Canada.

(Allison McNeely and Katia Dmitrieva, par. 3, Mortgage Market Shifts graph) Furthermore, with high house rates and low wages, new homeowners such as millennials are moving farther away from Vancouver. To live near Vancouver, millennials settle into the suburbs where housing is more affordable. During mid-2015, the percentage of income it took to own a house in Vancouver was seventy-six percent compared to forty-two percent in 2002.

(Tracy Sherlock, par. 17) Many households compare the costs of renting versus buying to find what is more profitable or practical. Renting residences can be near impossible due to the high prices in the housing market, whereas buying can be impractical when looking for a first home and for most millennials, that’s the case.

(Clare Hennig, par. 1-2, 7-8)(Shawn M. Carter, par. 2, 5-6, 11-12) Therefore, there is a drastic increase in demand for multi-unit homes due to their small size, affordability, and generally near to urban centres. According to the US Census Bureau, twenty-five percent of twenty-five to twenty-nine-year-olds are more likely to move out to the suburbs rather than the city.(Jens von Bergmann, article by Charlie Smith, par.

3) The demand isn’t deriving from millennials alone; it is also from adults downsizing their living spaces due to retiring or not being able to emulate with the extreme house prices (Shiv N. Mehrotra, and Douglas R. Carter, par. 3, 5-6). Further, this rush of demand to live close to Vancouver is causing home searchers to now share a larger house with several other people. Fitting more people into larger households and dividing up the costs is becoming more appealing to those becoming desperate in finding a home close to Vancouver. If one can share the cost of living with others, then they can live closer to Vancouver and not commute long distances (Alan Davies, par. 10).

Therefore, larger households are becoming a trend, and are beginning to morph the idea of suburbia, which is led by millennials. Instead of moving away from home once one reaches adulthood, they instead live at home with their family as long as possible or find a roommate. Generally, people combine the cost of housing with other housemates but it varies from household to household. (Richard Fry, par.

2, 5-6) However, despite the benefits of combining housing costs, there are still disadvantages. According to the Canadian 2011 Census, around 468, 000 people live in the City of Surrey and is still growing (Emma Crawford Hampel, par. 1-3). If Metro Vancouver was to encourage larger households composed of adults, they need to be cautious that the population would not rise too fast. More adults would provoke a higher need for transportation which would congest highways and make transportation difficult for others. More millennials living in Metro Vancouver and working in the Lower Mainland would make transit more challenging.

A key part of a desirable neighbourhood is nearby amenities with conversable neighbours. But when amenities are spread out across the Lower Mainland, the citizens do not feel as comfortable. (Barry Magee/Sutton West Coast Realty, par. 1) Traffic-jammed highways decrease the chances to build intimate relationships with communities, therefore deteriorates personal happiness. Swiss economists, Bruno Frey and Aloes Stutzer, states that more time one commutes, the less content the commuter is.(Bruno Frey and Aloes Stutzer, written by Kristen Dirksen, par. 2) When focused on bigger, better houses and jobs, the time spent on commuting is first overlooked, but later effects the person taking transit. If citizens do not focus on happiness, they will not desire to stay here in the Lower Mainland.

(Barry Magee/Sutton West Coast Realty, par. 4-6) Due to long commutes that Vancouver workers take daily, this infiltrates one’s lungs and emits greenhouse gases. Further, many of these gases are dangerous to one’s health as well as the environment such as particulate matter (Climate Change Indicators: Greenhouse Gases par. 1-2). Commuting takes up much of the average worker’s day, and if this grows to be a struggle, then this affects their lives whether they realize it or not.

When looking at the future of the Lower Mainland, the focus is needed on the development and refinement of public services because this needs to be accessible to any individual. When searching for a residence, one may look for well-developed and accessible public services. (Barry Magee/Sutton West Coast Realty, par. 4-6) If they developed public transit to extend east through the Lower Mainland and connect it with Vancouver, they would be benefiting the highways, commuters and the environment. Yet, they would have to take into account the rapid growth as well as the demographics of the suburbs.

(Kendra Mangione and David Molko, par. 3, 6-8) An example of a high population causing public stress are schools in the Surrey district. There are about 70, 000 students in Surrey, with only one hundred and one elementary schools and nineteen secondary schools.(Tom Zillich, par.

5) And schools around British Columbia enrolled an extra 959 students this year, according to the Education Ministry. (Tom Zillich, par. 2) However, British Columbia’s education minister, Rob Fleming, has stated that the government is looking into building more schools in the City of Surrey.(Rob Shaw, par. 5) The Surrey School District has also planned to build twenty-two schools over the course of five years.(Rob shaw, par.

7) Additionally, the government has agreed to fund an extra 106. 8 million to aid student growth in school districts. (Tom Zillich, par. 8) The governmental funding is a positive improvement that could be paralleled in public services such as transportation.

Moreover, keeping the population in balance with public services will improve life in the Lower Mainland. Youthification is one of the many ideas that has derived from the overwhelming house prices in Vancouver. Each youthified community varies from one to the other, but the general idea is groups of youth that live in the same city neighbourhoods where costs tend to be lower. (Richard Florida, par. 1, 10) Youthification incorporates many of the positive results of high housing prices, such as larger household sizes and close, useable public services. To millennials, these communities, have become the new suburban dream.

When they live among other youth who are in the same boat as them, they’re a part of an “ imagined” community, which brings a degree of comfort and security.(Richard Florida, par. 11, 13) However, one downfall to youthified communities is that they don’t include other demographics and are exclusively focused on the youth. Once young adults have children, they cycle out and it keeps the youthified community encased in a bubble.

(Richard Florida, par. 15-16) Youthification has significance for millennials as an original idea born from a difficult situation that is created for them. When there is any kind of change in the interwoven city of Vancouver, it creates demand and tension everything such as the culture and society they live in. What may appear as assisting one’s life or the community, such as moving out to the suburbs, it may not be the best decision. More often than not, these effects are occurring and may be worsening if there is no action taken upon the housing market. Vancouver has been put under the world’s spotlight and is perceived as a beautiful, affordable city thus continuing to attract attention from people who want to live in Vancouver. However, it seems as if high house prices are almost unheard of therefore more and more people will want to immigrate to the Lower Mainland.

Generally, there is a tendency to focus on the high housing prices but millennials should be focused on just as much and not overlooked because they are “ young”. Furthermore, if British Columbian citizens fail to recognize the potential in millennials, then that will induce issues. They are and will continue to build and shape our society, however, they need to assist them anyway they can.

Thanks for your opinion!
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