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EDITORIAL: Housing supply and affordability an ongoing problem

Action is needed to solve ongoing housing crisis in British Columbia
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The demand for housing is outstripping the supply, even with new construction. (Black Press files)

Construction crews are continuing to build homes and apartments in Canada, but the need remains much greater than the supply.

According to recent figures from the Canada Mortgage and Housing Corporation, construction activity in the country’s six largest metropolitan areas rose by four per cent in the first half of 2024, but the increase in activity is not enough to meet growing demands.

In British Columbia, the province has been working to simplify the process involved in adding secondary suites, providing a renter’s tax credit and other incentives to meet the challenges of housing supply and housing affordability.

Still, prices remain high and supply remains low. This has been described as a housing crisis, and it is affecting many in the province.

On social media groups, one can find plenty of people asking for affordable housing in their communities. 

For some employers and businesses, the shortage of housing is having an effect as potential employees are not able to find suitable housing in the communities where they would like to work.

And, while the province’s population continues to grow, inter-provincial migration trends are cause for concern. Last year, more people left B.C. for other provinces and territories than moved here from other parts of Canada. The cost of living, especially the cost of housing, 

During the provincial election campaign, British Columbia’s political parties as well as independent and unaffiliated candidates have been addressing this as one of the issues in the election.

A variety of suggestions are being presented and discussed.

However, there is a difference between having a dialogue on an issue and bringing about a workable solution.

Talking about housing or drawing up reports and studies will not be enough to create more units. 

We need a little less conversation and a little more action, please. In order to accommodate British Columbia’s present population, let alone the continuing growth, it is essential that housing needs are a priority, not simply a talking point.

— Black Press