Vancouver

Vancouver Has 800,000 Spare Bedrooms, 120,000 Needed

By
REW.ca
May 23, 2017






Overcrowded homes

There are many more empty bedrooms across the city than are needed for under-housed families, finds economic analysis

If only it were possible to take the many thousands of spare bedrooms in empty-nester homes across Vancouver and give them to families struggling in cramped accommodation.

Half of the population of Vancouver is over-housed – living in homes with more bedrooms than they need – resulting in some 800,000 empty bedrooms across the city, according to an analysis sent to REW.ca by the Canadian Centre for Economic Analysis (CANCEA).

At the other end of the scale, there are 120,000 “missing bedrooms” needed for Vancouver’s under-housed – residents and families living in accommodation that is too small for their needs, says Paul Smetanin, CANCEA founder and president.

CANCEA found that 15 per cent of Vancouver residents, and 10 per cent of Vancouver households, are under-housed. This number drops to 10 and 5 per cent respectively for the whole of BC.

Smetanin also found that 50 per cent of Vancouverites, or 55 per cent of households, are over-housed – climbing to 60 per cent across all of BC. The analysis considers that a childless, co-habiting couple living in any accommodation with more than one bedroom is over-housed.

“When we talk about the under-housed, we also need to talk about the over-housed,” Smetanin told REW.ca. “The number of people living in Vancouver’s single-family homes is falling.”

Smetanin said that this is largely due to empty-nesters remaining in their single-family homes after their adult children have left – which could be partly due to a lack of available smaller-home inventory for boomers to downsize into, and/or lack of desire to move.

Indeed, the proportion of Vancouver’s over-housed population climbs to a massive 70 per cent among people aged 65 and over. It is the same percentage in households with an income of $150,000 or more, and also 70 per cent among home owners (versus renters). When those factors are combined (older, higher income, owner) the proportion of over-housed is 80 per cent.

However, even younger and less affluent Vancouverites had a surprisingly high level of over-housing, with 40 per cent of people under 30 being over-housed, and 45 per cent of households with an income below $40K also over-housed. The only group with lower levels of over-housing was renters, at 25 per cent, and 15 per cent for younger, low-income renters.

The number of spare bedrooms is equivalent to 15 years of construction at the current rate of building, says Smetanin, according to a recent Metro story on the CANCEA analysis.

Urban planner, developer and architect Michael Geller, who has written on this topic, told Metro, “One of the reasons people stay in their homes is because they often cannot find an alternative acceptable housing choice.”

Geller argues that a significant increase in the supply of townhomes and smaller houses is needed to encourage empty-nesters out of their large single-family homes. This in turn would free up many detached houses for families who need them, or make single-family lots available to be redeveloped with multiple units.


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
© Copyright 2017

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