Are there 800,000 Empty Bedrooms in Metro Vancouver?

Price Tags

o-vancouver-house-facebookMetro News and reporter Jen St. Denis reports on Toronto economist Paul Smetanin who has ascertained that if an elderly couple in Vancouver are living in a house with over one bedroom, they are overhoused. Of course those elderly that live in a house with more than one bedroom would be wealthier too. Smetanin estimates that 70 per cent of people living in Vancouver have “800,000 spare bedrooms.”

“In Smetanin’s analysis, a co-habiting couple living in anything more than a one-bedroom home is considered “over housed.” Homeowners who are wealthier and older are most likely to be over housed. The number of empty bedrooms is equal to 15 years of construction at current rates, said Smetanin, who has used data from Statistics Canada and other sources to create a broad set of data about housing needs in Canadian cities.

The numbers are similar for Toronto, and policy-makers from the United…

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