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

Abbotsford looks to hold in-person public hearings, with audience size limited

Restricting attendance in 350-seat hall will allow two-metre distance to be maintained, mayor says

Central Abbotsford apartment to proceed to a public hearing – eventually

Six-storey apartment building would have extensive rooftop recreation area

Total Makeover Challenge moves to voting for Top 5 finalists

Online voting for Abbotsford challengers runs April 9 to 14

VIDEO: Abbotsford’s Sandy Hill Elementary hosts car parade for students

Local school lets students know how much they miss them as COVID-19 delays classes

Character Abbotsford Conference postponed until 2021

Fourth conference was originally planned to occur later this year

COVID-19: 4 new deaths, 25 new cases but only in Vancouver Coastal, Fraser Health

A total of 1,291 people have tested positive for the novel coronavirus

COVID-19: Don’t get away for Easter weekend, Dr. Bonnie Henry warns

John Horgan, Adrian Dix call 130 faith leaders as holidays approach

COVID-19: Trudeau says 30K ventilators on the way; 3.6M Canadians claim benefits

Canada has seen more than 17,000 cases and at least 345 deaths due to COVID-19

RCMP call on kids to name latest foal recruits

The baby horses names are to start with the letter ‘S’

As Canadians return home amid pandemic, border crossings dip to just 5% of usual traffic

Non-commercial land crossing dipped by 95%, air travel dropped by 96 per cent, according to the CBSA

Logan Boulet Effect: Green Shirt Day calls on Canadians to become organ donors

While social distancing, the day also honours the 16 lives lost in the 2018 Humboldt Broncos Crash

COMMENTARY: Knowing where COVID-19 cases are does not protect you

Dr. Bonnie Henry explains why B.C. withholds community names

B.C. wide burning restrictions come into effect April 16

‘Larger open burns pose an unnecessary risk and could detract from wildfire detection’

Most Read