Closeup view of Modern Suburban Home with for Rent Sign in front Yard Rental rates are rising in Prince Rupert as rent falls in Terrace. (File photo)

Rent continues to rise in Prince Rupert, drops in Terrace

A report from Canadian Mortage and Housing Corporation shows the average rent has risen by $132

Rent in Prince Rupert is going up. In the last year, the average rent increased by $132.

“This should be of major concern to Prince Rupert, since 40 per cent of our folks rent – specifically, there are 4,720 households in Prince Rupert and 1,920 of the households are renters,” Paul Lagace, a poverty law advocate at the Prince Rupert Unemployed Action Centre, wrote in an email.

“I am most concerned that even with the recent Income Assistance (IA) increases (which I was happy to see) that a single person cannot afford to rent. One does not have to be a mathematician to recognize that you can’t stretch $710 in IA monies, to rent an $809 one-bedroom apartment.”

The average monthly rent for bachelor, one-bedroom and two-bedroom apartments in Prince Rupert rose from $543 to $622, $675 to $812 and $781 to $913 within the last year. The jump was revealed in the latest rental statistics by the Canada Mortgage and Housing Corporation (CMHC).

In comparison, the average rent in Terrace went down across the board. Bachelor apartments went down from $571 to $537, one-bedroom apartments from $707 to $690 and two-bedroom apartments $913 to $828.

It’s getting harder to find a place to rent in Prince Rupert, and more expensive. The report also shows vacancy rate for rental units have decreased. The current 5.3 per cent availability rate is down from 5.9 the previous year.

The real question, Lagace said, is why rent has increased so much in the last year. He said a loophole in leases was one way that landlords were able to get around the maximum amount rent was allowed to increase annually.

VIDEO: B.C. to end geographic area rent increases, close fixed-term lease loopholes

“A number of landlords across the province were using fixed-term leases on their long-term tenants, in order to jack-up their rents,” Lagace wrote in an email on Dec. 11. “The good news is that loophole is closed as of today. ‘Effective December 11, 2017, a tenancy agreement may only include a requirement that the tenant vacate the rental unit at the end of a fixed term (under certain circumstances).’

“Fortunately now, with the housing minister’s recent announcement, there is some protection in place for all Prince Rupert renters – with or without any major project development,” Lagace said.

READ MORE: First multi-family housing development in 20 years

The housing market shows a similar trend. The Canadian Real Estate Association shows the number of housing units sold was down by 24.1 per cent from the third quarter of 2016 to the third quarter of 2017. However, the median price of those sales rose by 17.5 per cent.

READ MORE: Rupert below average in housing

Before the tent city outside of Prince Rupert city hall packed up the 20-day protest, the Northern View spoke to several of the encampment’s residents.

Lagace invites anyone who believes their landlord is not abiding by the new tenancy legislations to see him at the Prince Rupert Unemployed Action Centre.

READ AND WATCH: City to receive 44 units for homeless



keili.bartlett@thenorthernview.com

Like us on Facebook and follow us on Twitter

Housing Market

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Councillor resigns mid-term in Queen Charlotte

Richard Decembrini’s resignation announced at regular meeting on July 6

Skidegate band members donate 400 pounds of salmonberries

More than 45 band members participated in first-ever Salmonberry Picking Contest on June 28

BC Cancer mobile mammography coach coming to Haida Gwaii this month

Breast cancer screening appointments still available; clients asked to bring a face mask

Following incident at sea, fishing lodge says it will reopen despite Haida travel ban

QCL reopens July 10, says president; Haida chief councillor describes ‘dangerous’ boating encounter

Haida Gwaii residents to be allowed conditional entry to Gwaii Haanas next month

Gwaii Haanas will reopen Aug. 1 to people who ‘attest to a set of specific conditions’ set out by CHN

The pandemic is widening Canada’s workplace gender gap

Gender pay gap is incentivizing fathers to work while mothers watch children, a new B.C. study has found

Ex-Okanagan Mountie forfeits 20 days’ pay after sexual misconduct review

A former Vernon RCMP constable made sexual comments, grabbed genitals of male officer in two incidents 10 years ago

Man found dead on Okanagan trail identified as Hollywood actor

GoFundMe campaign launched for man found dead at summit of Spion Kop

3 people dead in Prince George motel fire

Fire personnel believe the blaze was suspicious although investigation in early stages

B.C. sets terms to review police, mental health, race relations

MLAs to recommend Police Act changes by May 2021

Almost 99% less land in B.C. burned this year compared to 2018

2018 was the worst year on record for wildfires

B.C. tent camps persist as hotels, housing bought for homeless

Current estimate 40 camps, homeless counts stalled by COVID-19

VIDEO: Trio of orphaned Alberta grizzly bear cubs find new home at Vancouver zoo

The Alberta cubs’ mother was killed by hunters and would have otherwise been euthanized, zoo says

Most Read