{"id":70785,"date":"2021-11-29T22:29:35","date_gmt":"2021-11-30T03:29:35","guid":{"rendered":"https:\/\/canada-info.ca\/?p=70785"},"modified":"2021-11-29T22:29:35","modified_gmt":"2021-11-30T03:29:35","slug":"the-vancouver-housing-pinch-advocate-talks-impact-on-cortes-island-coastal-communities","status":"publish","type":"post","link":"https:\/\/canada-info.ca\/en\/the-vancouver-housing-pinch-advocate-talks-impact-on-cortes-island-coastal-communities\/","title":{"rendered":"The Vancouver housing &#8216;pinch&#8217;: Advocate talks impact on Cortes Island, coastal communities"},"content":{"rendered":"<p>The British Columbia Real Estate Association (BCREA) <a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/housingforecast.pdf\" target=\"_blank\" rel=\"noopener\">released its latest Economics Housing Forecast<\/a> in October.<\/p>\n<p>Housing market conditions remain \"exceedingly tight\" in the Vancouver Island-Coast region, according to the recent report, and there has been \"substantial upward pressure on home prices\" in the last year.<\/p>\n<p>\"Housing markets in the Vancouver Island-Coast region saw an historic surge of demand through the early part of 2021,\" the BCREA <a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/housingforecast.pdf\" target=\"_blank\" rel=\"noopener\">wrote<\/a>. \"That surge of demand would be translating to record sales if not for a severe lack of inventory of homes for sale. Indeed, even with that severe drought in the supply of listings, sales are forecast to approach previous record levels in 2021.\"<\/p>\n<p><span style=\"font-weight: 400\">CKTZ News reached out to Peter Wrinch, a long-time housing advocate and current Hollyhock Learning Centre chief executive officer, for his perspective on how the BC housing situation is impacting rural communities like Cortes Island.\u00a0<\/span><\/p>\n<p>Wrinch says Cortes Island is feeling that \"upward pressure\" and that the cause for the local housing shortage is complex, with a number of possible contributing factors: The overall unaffordability \"pinch\" in the Vancouver housing market and the resulting price escalations; the increase in Airbnb and short term rentals on the island; the influx of new residents from urban areas, <span style=\"font-weight: 400\">especially during the pandemic, as technology affords more opportunities to work from home.<\/span><\/p>\n<p><b><i>Listen to the full interview below:<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British Columbia Real Estate Association (BCREA) released its latest Economics Housing Forecast in October. Housing market conditions remain &#8220;exceedingly tight&#8221; in the Vancouver Island-Coast region, according to the recent report, and there has been &#8220;substantial upward pressure on home prices&#8221; in the last year. &#8220;Housing markets in the Vancouver Island-Coast region saw an historic&hellip;<\/p>\n","protected":false},"author":127,"featured_media":70804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[217,57,219],"tags":[579,10615,10938,10940,2291,10939],"radio":[252],"origine":[280,266,231],"acf":[],"_links":{"self":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts\/70785"}],"collection":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/comments?post=70785"}],"version-history":[{"count":0,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts\/70785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/media\/70804"}],"wp:attachment":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/media?parent=70785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/categories?post=70785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/tags?post=70785"},{"taxonomy":"radio","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/radio?post=70785"},{"taxonomy":"origine","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/origine?post=70785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}