Summary of the 2016 Hotel Report: Out of Control
Rents and Rate of Change in the Downtown Eastside
CCAP’s 8th annual hotel survey and housing report is designed to report on whether low-income people can afford to stay in their community. With about 9,000-10,000 people on welfare and disability (10) most with only $375 a month for shelter, and with about 4,000 seniors with about $433 a month for rent or less, most residents have only about $375-433 a month for shelter.
- About 1 in 18 people who live in the DTES is homeless.
- The amount of money that federal and provincial governments plan to spend on new social housing will guarantee that homelessness continues to increase.
- Between 2009 and 2016 the average lowest rent in hotels surveyed increased from $398 to $548.
- Between 2015 and 2016 the average lowest hotel rents increased by $31, the highest ever year over year increase in 8 years.
- 85% of hotel rooms now rent for over $425 a month.
- Residents surviving on social assistance of $610 and paying the average SRO rent of $548 have only $62 a month, or about $2 a day, left for everything else including food, hygiene, laundry, transportation, etc.
- Average rents in the 9 fastest gentrifying hotels are $1,101, an increase of $196 over last year’s fastest gentrifying hotels.
- Only 11 new units of welfare/pension rate housing opened in the DTES in 2016. These units don’t come close to meeting the need of the 1,000 homeless people in the neighbourhood.
- The rate of change of new unaffordable (condos, market rental and social housing with rents above welfare shelter rate) housing units to units at welfare/pension rate in 2016 was a whopping 46:1, with 510 expensive units being built and only 11 welfare rate units.
- The rate of change going forward into the foreseeable future with proposed and approved new developments is 5.4 to 1, with 1,510 new unaffordable units scheduled to open and only 252 units at welfare/pension rate.
- The rate of change for the immediate future in Chinatown is a whopping and inexcusable 362 unaffordable units to an actual loss of 4 SRO units.
- The rate of change in Chinatown for 2016 is 36:1, with 398 unaffordable units opening up and only 11 at welfare/pension rate.