Many British Columbians feeling priced out of housing market [Video]

For many Canadians, homeownership could be a fading dream as prices seem out of reach.

“Not only are Canadians feeling pressure on the housing side, they’re also seeing the challenges they’re facing around housing affordability trickle into their broader life choices and their broader quality of life,” said Alana Lavoie of Habitat for Humanity Canada.

“We’re seeing that people are delaying major life decisions.”

A survey conducted by Habitat for Humanity Canada revealed four in five Canadians say homeownership is now a luxury, with British Columbians feeling the brunt of the housing crisis.

“Three-quarters of British Columbians feel it’s a serious problem, which is the highest result in the country,” said Lavoie.

“Overall the statistics in the survey are showing us that the challenge that’s being faced around access to affordable homeownership opportunities and affordable housing is keenly being felt around B.C.”

In fact. according to the Interior Realtors Association, the benchmark price for a single-family home has gone …