The BC Non-Profit Housing Association, in partnership with Vancity credit union, launched the province-wide “Rental Housing Index” (RHI) at its annual conference on November 17th, 2014. The RHI provides a detailed analysis of the affordability of rental housing for various income groups in 98 communities in BC. The RHI will be updated annually to track progress in ensuring all British Columbians have access to safe, secure and affordable housing.
The RHI scores each community in several criteria of rental housing health, including affordability, overspending, income gap, overcrowding and bedroom shortfall, and develops a composite Community Index Score. Further information, including a description of rental health criteria, can be found at http://bcnpha.ca/research/rental-housing-index.
The RHI rates the state of rental housing in Coquitlam as “critical”, while Port Coquitlam and Port Moody are rated “severe”. In fact, the Community Index Score ranks Coquitlam as the second worst performer of 98 communities in the province at a score of 42.0 (where zero is assigned to a perfect state of rental health), being surpassed only by the City of Burnaby with a score of 45.1. Port Coquitlam fares better as 25th worst performer (at a score of 27.5) and Port Moody at 26th, (at a score of 27.3).