But housing isn’t only impacting the restaurant sector. It’s increasingly difficult to find teachers and doctors willing to move to the city. In fact, it’s hard to find an area of the economy in which hiring hasn’t been compromised by the region’s housing costs.
“Over time this is likely to inhibit business growth,” says Jock Finlayson, [Executive Vice President and Chief Policy Officer] with the Business Council of B.C. “The city [of Vancouver] itself is on its way to becoming uninhabitable for middle-income working families due to sky-high housing costs.”