The Metro Vancouver Regional District struct a COVID-19 Response Task Force at the start of the pandemic state of emergency. One of the roles of the regional district is to be a clearinghouse for its member municipalities. As such, regional district staff have been compiling information about the impacts of the COVID-19 pandemic in Metro Vancouver.
Data on housing, the economy, transportation, and land-use was presented by regional district staff at the most recent Task Force meeting.
There were a few data tables that stood out for me.
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| BC Temporary Rent Supplement. Select table to enlarge. |
BC Housing provided temporary rental supplements for low- and moderate-income households who lost income as a result of the pandemic. This program ran from April until the end of August. Regional-wide, 65,522 households applied for the temporary supplement. More than 1,412 households applied for the supplement in Langley (City and Township.)
New housing starts were up 50% year-over-year in Metro Vancouver, though the building permit value of these starts was lower. The biggest depressing in building permit values has been in the industrial sector.
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| Housing Starts in Metro Vancouver. Select chart to enlarge. |
The last slide I wanted to share shows the unemployment rate in Metro Vancouver which has increased from 4.6% in February to 12.4% in August.
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| Unemployment rate (red) in Metro Vancouver. Select chart to enlarge. |
The full data analysis presentation which includes transportation statistics, plus cost per square foot for industrial, office, and retail space can be viewed on the Metro Vancouver website .
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