Vancouver rent bank sees huge spike in demand during pandemic

The Vancouver Rent Bank has seen a significant increase in applicants for loans and grants since the pandemic was declared in March 2020. File photo Dan Toulgoet

The number of people seeking short-term financial help from the Vancouver Rent Bank has increased significantly since the pandemic was declared in March 2020, with job loss and underemployment driving the demand.

The volume in applicants has fluctuated each month but what has remained steady is a need for assistance at a scale higher than in pre-pandemic times, when the rent bank received an average of 20 to 30 enquiries per month.

The increase in demand was most significant last March when

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