Affordability crisis for seniors will worsen as boomers hit their 80s, seniors advocate says

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Isobel Mackenzie says subsidies for the one in five seniors who rent have fallen “dramatically short” of what they need to continue living independently

B.C. seniors are struggling to pay for rent and home support and the problem will only worsen as the population ages and grows over the next decade, says B.C.’s seniors advocate, in her final report before retiring this month.

“I think that governments have to recognize that, and the public has to recognize that, as we plan for the future.” The advocate’s report shows the median income for seniors in B.C. is $33,150, meaning 50 per cent of seniors have an income that’s below minimum wage. While the average one-bedroom rent in Vancouver last year was $1,696, the rent “ceiling” on which the subsidy is based would be just half that at $803. Every dollar above that in rent is unsubsidized, she said.

For seniors living in rent-controlled units and forced to move, the rent hike can be “catastrophic,” said Mackenzie.

 

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