A Research Co. poll, released Feb. 18, 2020, found that 66 per cent of respondents in Metro Vancouver said they expect their children will move away on account of financial constraints. (Pixabay photo)

66% of parents think unaffordability will push their kids out of Metro Vancouver: poll

Survey sees uptick in parents feeling the financial stressors of living in the Lower Mainland

More parents than ever say they expect their kids will be forced to move away from Metro Vancouver due to a lack of affordability, according to a new poll.

Research Co. released findings from a survey Tuesday which asked 623 B.C. parents a number of questions about their finances.

Sixty-six per cent of respondents in Metro Vancouver said they expect their children will move away on account of financial constraints. That’s 24 percentage points more than when the polling company asked the same question in a different survey in 2019.

Parents are likely feeling this way because of their own financial situations, the poll suggests.

About 62 per cent of parents who live in the Fraser Valley and 59 per cent of those in Metro Vancouver acknowledge that saving for the future has become more complicated.

Across the province, almost three-in-five parents, or 58 per cent, say it is currently “very difficult” or “moderately difficult” for them to save money in a bank account.

READ MORE: Victoria, Abbotsford record biggest jumps in rent prices nationwide

Forty per cent of respondents said they struggle to pay for day-to-day expenses such as child care or transportation.

In addition to financial concerns, 53 per cent said they “frequently” or “occasionally” face family-related stress and 51 per cent said they struggle with housing-related stress.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Hope Food Bank to run weekly, as other services close doors

Demand for the service is expected to rise as getting supplies becomes tricky

Abbotsford Triathlon Club staying fit in COVID-19 era

ATC members using virtual reality training, social media and solo races to keep in shape

Social media a blessing and a curse during time of crisis: B.C. communication expert

‘In moments of crisis, fear is very real and palpable,’ says SFU’s Peter Chow-White

Portable washrooms open, campground closed to visitors as district deals with COVID-19

District also working with businesses on ‘voluntary reductions in operations and shutdowns’

Significant snowfall forecast for Interior mountain passes

Allison Pass, the Okanagan Connector, Rogers Pass and Kootenay Pass could see 15 to 25 cm of snow

Canada expands 75% wage subsidy to COVID-19 affected businesses of all sizes: Trudeau

Program will provide up to $847 per week for each worker

LifeLabs reducing public hours as it assists with COVID-19 testing

Coronavirus tests not done at B.C. patient centres, referrals only

24,000 Canadian Forces members ready for COVID-19 response: Defence Minister

No direct requests made by premiers yet, national defence minister says

IN DEPTH: How B.C. emptied its hospitals to prepare for COVID-19

Thousands of beds have been freed up, but patients and seniors have had to sacrifice

‘Nothing concrete’: Tenants, landlords lack details after B.C. unveils COVID-19 rental aid

Single mom in Golden says she’s already going to the food bank after being laid off

B.C. is seeing the highest rate of COVID-19 recovery in Canada, and there’s a few reasons why

British Columbia was one of the first to see rise in COVID-19 cases, and has also switched up testing

Crucial details of Ottawa’s proposed wage subsidy program expected today

The government has rolled out a bailout package totalling more than $200 billion

World COVID-19 morning update: Olympics delayed one year; 12,000 health care workers infected

Comprehensive world news update: Lockdown in UK showing signs of hope

Most Read