BC needs a goal to finally end the housing crisis
BC’s current political parties have promised all sorts of action to make housing more affordable, but they’ve never set a clear end goal.

Set a clear goal. Come up with a plan. Execute. Kind of a standard way to make progress on an issue you want to solve, yeah?

Sometimes our governments do this pretty well. Other times, not so much. Sadly, that’s the case when it comes to housing affordability.

We’ve been living through an escalating housing crisis in BC for more than a decade, with the last five years being especially tough.

Some important measures have helped cool costs, including a little bit in 2019.But guess what? Housing costs are now climbing again – shrugging off a global pandemic – and reaching crushing new heights in some places.2

Why? Lots of reasons. But here’s a big one: while BC’s current political parties have promised all sorts of action to make housing more affordable – including the current government’s 30-point plan – they’ve never set a clear end goal.3

I’m talking about a goal that sets out for whom housing is to be made more affordable, and by how much, and by when.

A goal like this: “Within ten years, everyone living in BC can afford a home that meets their needs, as renters or owners.”

This is already the goal of Canada’s national housing agency (CMHC), and it’s awesome because:

  • It sets a clear timeline – aligning with Canada’s National Housing Strategy, the 2030 UN Sustainable Development Goals, 2030 climate targets, etc.

  • It includes clear and widely-accepted definitions – progress can currently be measured via the “core housing need” statistic that captures affordability (30% of pre-tax income), adequacy (state of repair) and suitability (enough bedrooms). This is a well-established metric and can be improved upon over time.4

  • It is fully inclusive – no one in BC is left out. It spans the elimination of homelessness all the way to alleviating the crushing pressure felt by many middle-income residents.

  • It’s bold but doable – it’s ambitious, as all worthy goals are.

If BC’s next government was committed to this goal it would allow us to hold them accountable to real progress on housing affordability. No more pretending that average housing costs holding steady where they are or going even further out of reach of local incomes is OK.

Without a clear end goal, action on housing risks being uncoordinated, insufficient and counterproductive, which is what we told the province during its most recent consultation on housing affordability.

This election, BC’s parties need to go beyond half-measures and be clear with voters about what it is they are ultimately trying to achieve on housing, and by what date.

That’s why we’re calling on British Columbians to to tell their candidates and party leaders: If you want our vote, you need to commit to helping everyone in BC afford a home by 2030.


Footnotes:

1 - Including the expanded foreign buyers’ tax and speculation and vacancy tax that act to cool demand from global capital and investor buyers.

2 - The following graph gets the basic point across: prices are rising again, in some places reaching record highs.

Graph showing housing prices increase since 2007 in BC

3 – For example, the BC NDP’s 2018 30-point plan on housing affordability starts with an acknowledgement that housing costs have left local incomes behind, but doesn’t set a goal of actually bringing costs back within reach of those incomes. Instead, the plan commits to a range of individual policies and sub-goals (including the building 114,000 homes). Meanwhile, the BC Green Party’s 2017 election platform committed to 19 separate actions on housing but no clear end goal (beyond a general desire to “cool the market for residential real estate”), and while the previous BC Liberal government’s last Speech from the Throne stated that “your government’s singular goal is to ensure housing is affordable for British Columbians,” there was no timeline associated with that or any clarity about how that would be measured.

4 - E.g. by supplementing it with two new “Housing Hardship” measures that have been developed by CMHC partially for this purpose, and/or with additional metrics that better track experiences of middle income residents and barriers to homeownership.

Eric Swanson
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Eric is the Executive Director of Generation Squeeze.
BC needs a goal to finally end the housing crisis
BC needs a goal to finally end the housing crisis
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