Vancouver Gentrification Essay

Vancouver is not affordable to live for the young professionals due to gentrification problems. The economy requires gentrification to develop the city. In order for a city to flow better, more people have to spend and sell. Furthermore, for people to spend or sell more, it requires more people to live. However, gentrification is pushing people away from their homes, and makes it difficult for the young professionals to move in. Therefore, a lot of young professionals and working class would move out and live outside the city.

Vancouver is well known as the expensive city around the world: "The city has just been ranked the third most unaffordable housing market in the entire world" (Matheson 2016). There are a lot of young professionals

Ocurrding to Retail Council of Canada, the minimum wage in Britsh Columbia is $10.45. Student 's who gets paid minimum wage cannot find a place that can match up their finance savings and the house listings. Due to the fact, the cheapest 1 bedroom condon in vancouver was listed as $165.000, occurding to the stastics in Vancouver Sun. Gentrification is leading vancouver to more urban city; however, it is making the house listing way to expensive for the young professionals to come in. Foreign buyers are buying the house and listing them expensive to earn more money outside of Canada: "The biggest contributor to these rising housing prices is that these immigrants not only arrive with great wealth, but continue to earn high incomes outside of Canada" (King, 2016). Some of the realtors are pushing the home owners to sell the house; therefore,

If more people comes in it is harder to find an education, the numbers will get higher and it will be more competive to get in to a University or Colleuge. Also to make the school or campus bigger to fit more students, more tutition fees will be required: "Increases that range from three per cent to 50 per cent were approved for some graduate programs as well, while other graduate program tuition increases have yet to be determined" (Sherlock, 2015). There will be not alot of seats available to everyone which will push other students outside of city that has less population. Gentrification will increase more immigrants which also increase international students population: "The classrooms aren 't getting any bigger, right? And there 's going to be more demand to get in. Canadian students will maybe have to look at options to go to school abroad or somewhere else" (occording to CBC News, 2014). Government wants to accept more international student due to high amount of fees that international students pay: "International students, meanwhile, can pay three times that amount — or an average of $19,500 every year" (CBC News). Furthermore, government is also giving out perminet residency to internationals students who finishes unverscity "In addition to recruiting more, the government wants to prevent "brain drain" by making it easier for international students to obtain