More and more B.C. parents believe their children will have to leave Metro Vancouver one day due to the high cost of living.
According to a new Research Co. poll, 66 per cent of B.C. parents who participated in the survey said they expected their child or children would have to move away in the future due to the financial constraints of living in Metro Vancouver. That percentage is up 24 points to a similar poll conducted in 2019.
The newly released poll also found that the majority of B.C. parents struggle with stress due to work and finances, with 58 per cent of respondents saying they experienced work-related stress “frequently” or “occasionally” and 57 per cent saying they experienced finance-related stress “frequently” or “occasionally.”
Still half of parents (51 per cent) say they deal with housing-related stress, while 40 per cent say it is “moderately difficult” or “very difficult” to make ends meet.
Financial stress appears to affect more parents in Northern B.C., with 60 per cent saying they have a hard time getting by financially. Meanwhile, 45 per cent on Vancouver Island, 40 per cent in the Fraser Valley, 39 per cent in Metro Vancouver and 28 per cent in Southern B.C. put themselves in that same category.
The survey also found that three-in-five parents say it is “very difficult” or “moderately difficult” to put away savings, while two-in-five parents struggle with paying for day-to-day expenses (44 per cent), paying for childcare (42 per cent) and paying for transportation (39 per cent).
The survey was conducted online from Feb. 4 to 7, 2020 among a representative group of 623 B.C. parents between the ages of 0 to 18 years. The margin of error is +/-3.7 percentage points, 19 times out of 20.