The rise of Vancouver real estate prices has sweetened the taste of many people, while others are scraping the pot for left over crumbs. The promises of the New Year for better housing and economic stability is off to a rocky start but the stability can be seen around Canada and the Lower Mainland region. Local residents in the lower tax bracket are not the only ones to suffer from the steep prices, many refuges that arrive in Canada are suffering from the lack of work and affordable housing.
The increasingly rise of the poor in Vancouver are scattered around like Monopoly cards. The lack of visibility to the poorer residents has been influenced by the fluctuation of monetary wealth in the city in the decades between 1970 and up. The material value of homes is rising around them, while they are shafted with expensive rents or mortgages from the transitional investments. This does not include the cost of living expenses that the residents are faced with on a normal day.

The increasing spread of poverty has hit the cities of Coquitlam, Burnaby, Surrey, Northern Richmond and Southeastern Vancouver. Yet the Canadian housing markets in those cities are stabilizing for the middle and upper class, while forcing the other residents to find cheaper housing or shacking up to afford the rising costs. The average income over the last three decades was exclusive to those cities but now with the increased cost of living and economic pressure, prices have boiled over the pot.

The local and federal government is slow to catch up with the increasing poverty levels. The Lower Mainland is cramped by the reserves, mountains and the border. The increase of poverty will affect the Vancouver housing market but with the help of local and federal governments, the real estate markets can be stabilized without much damage to the values of homes. However, the social classes are presorting themselves in respective neighborhoods.
This will help regulate property values with respect to the particular tax bracket that each family is classified under.

What does this mean for the middle class and upper class Canadian residents? The results from the rising cost of Vancouver homes and surrounding cities are only affected if there is an overwhelming shift in the opposite direction, such as a natural disaster. The only way that the train will stop is if the poor gather enough real estate around the richer neighborhoods and cause a real estate crash by underselling the homes. This is not a realistic factor for the Canadian housing market but the scenario can stem from other resources.