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$183 M (70% of total) in Residential Building Permits RDKB $97.7 M (53% of Total) Residential Permit Value in rural RDKB $13.7 M Residential in Boundary Municipal 2005 – 2007 Annual house maintenance Boundary Area - Estimate 1% = $18.8 M annually
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Affordable Housing Review
George PenfoldRegional Innovation Chair
Selkirk College
Boundary Economic Development Committee Greenwood B.C., October 14,
2008
Background on housing industry
Background on population
Background on housing stock.
Census based needs assessment
Roles in responding to needs?
Presentation Themes
$183 M (70% of total) in Residential Building Permits RDKB 2005 - 2007
$97.7 M (53% of Total) Residential Permit Value in rural RDKB
$13.7 M Residential in Boundary Municipal 2005 – 2007
Annual house maintenance Boundary Area- Estimate $1.88B @ 1% = $18.8 M annually
Housing and the Regional Economy
Kootenay Development Region(East and West Kootenay) 1997 2007
Total employed, all industries ('000) 65.3 77.1Construction 3.6 9.2
Finance, insurance, real estate, leasing 3.0 3.2Business, building, support services 1.6 2.4Compared to:
Manufacturing 7.6 8.4Forestry, fishing, mining, oil and gas 4.1 5.4
RDKB Construction - 12% of all firms, Dec 2007
Housing and the Regional Economy
Assessed Developed Residential Property Value in Boundary Area (2008) - $1.883 B or approximately $147,000 per resident
Largest “equity” base for many households Big contributor to basic quality of life, comfort and to
“status” for many Homeowners contribute to lack of affordable inventory
by “up scaling,” “gentrifying”, “home makeovers” Many homes used commercially – vacation rentals,
B & B’s, suites, home based business, grow ops.
Housing and the Personal Economy
“Boomer” generation retiring. Creates housing demand for retired, semi retired “amenity migrants”
West Kootenay Labour Force projected needs - 7,100 new and replacement workers 2006 to 2011
Competing demands generate increasing prices if supply is not adequate
Average RDKB Occupied Dwelling value escalated more (51%) than average household income (14%), and rental rates (7.39%) - 2001 to 2006
Relationship to Economic and Demographic Change
Total Occupied Dwellings
Rented Occupied Dwellings
% Rented 2006
% Rented Change
2001 - 2006Grand Forks 1,885 400 21.48% -4.65%
Greenwood 315 35 9.75% -3.84%
Midway 280 35 11.71% -13.80%
RDKB “C” 665 40 2.84% -4.27%
RDKB “D” 1,340 115 8.17% -4.94%
RDKB “E” 1,000 175 5.61% -10.93%
B.C. 27.33% -3.84%
Boundary Dwellings and Values
Average Dwelling
Value 2006
Average Dwelling
Value Increase
2001-2006 (%)
Median Household
Income 2005
Median Household
Income Change 2000-
2005 (%)
Median Tenant
Monthly Rent 2006
% Average Rent
Payment Change
2001-2006
Grand Forks $176,251 49% $37,499 14% $623 1.2%
Greenwood $110,541 36% $32,436 10% $725 9.7%
Midway $151,526 17% $38,169 -12% $575 10.6%
RDKB “C” $240,679 34% $42,498 -3% $601 3.3%
RDKB “D” $290,496 100% $45,189 19% $601 2.3%
RDKB “E” $239,443 46% $34,500 4% $591 31.7%
Boundary Dwellings and Values
Boundary Population
Population Year Kettle Valley
LHA Grand Forks
LHA
Total Population 1996 3,731 9,101
Total Population 2001 3,625 9,133
Total Population 2006 3,645 9,061
Projected Population 2016 3,647 9,057
Rural Population (58%) 2006 2,399 5,025
Village/City (42%) 2006 1,246 4,036
Boundary Population Cohorts
Population Year Kettle Valley
LHAGrand Forks
LHA
0-17 yrs 2006 18.30% 16.60%
Projected 2016 13.50% 15.20%
18-64 yrs 2006 62.30% 61.50%
Projected 2016 61.40% 58.50%
65+ yrs 2006 19.40% 21.90%
Projected 2016 25.00% 26.30%
Net International
Net Interprovincial
Net Intraprovincial
BC 42,757 15,520
RDKB 5 23 101
Population In Flow 2007
Boundary Non- Resident Ownership2001 2008
Total Private Parcels 13,234 14,511
Non Resident 34.7% 44.8%
GF/GWTR/RL
ML/SWRoBC
AltaRoC
Other
01,0
002,0
003,0
004,0
005,0
006,0
007,0
008,0
009,0
0010
,000
20082001
Property Type
Share of Titles 2001
Share of Titles 2008
SFD 13% 16%
Acreage Dwelling 18% 21%
Multi Family 37% 51%
Agricultural 15% 22%
Hotel/Resort 82% 83%
Commercial 32% 38%
Manufacturing 53% 77%
Boundary Non- Resident Ownership 2008
Housing and Labour MobilityCensus 2006 In Commute Out Commute Live/Work
Grand Forks 1,365 30 1,175
Greenwood 50 95 45
Midway 70 40 175
Kootenay Boundary C 50 255 135
Kootenay Boundary D 1,035
Kootenay Boundary E 90 245 325
Mobility 2006 Pop.
Same Address 1 year Ago (Age 1+)
Same Address 5 years Ago (Age 5+)
Area C 1,435 1,265 960
Area D 3,176 2,800 2,095
Area E 2,234 1,945 1,450
Grand Forks 4,036 3,295 2,045
Greenwood 625 460 295Midway 621 535 335
Population Mobility
Dwelling Type Boundary Area BC
Total private dwellings occupied by usual residents (54.8% Rural) 5,485 1,643,150Single-detached houses 83.7% 49.2%Multi Family 5.0% 10%
Apartments 4.6% 38%
Other dwellings (Mobile Homes) 6.0% 2.8%
Individuals/Families in supportive housing (units) 187
Boundary Occupied Dwellings - 2006
Location(2006 Census)
Avg. Dwelling Value 2006
Avg. Household Income 2005
Avg. Dwelling Value 2006/
Avg. Household Income 2005
Grand Forks $176,251 $38,722 4.55
Greenwood $110,541 $46,530 2.38
Midway $151,526 $53,011 2.86
Kootenay Boundary C $240,679 $54,450 4.42
Kootenay Boundary D $290,496 $51,185 5.68
Kootenay Boundary E $239,443 $45,011 5.32
BC $418,703 $67,675 6.2
Where do we stand on Affordability?
Where do we stand on affordability ?(30% or more of household income on housing)
Location (LHA - 2006 Census)
% Total HouseholdsSpending 30% or more
Proportion Rental of Total
Grand Forks area 21.4% 36.2%
Kettle Valley area 22.3% 22.4%
Greater Trail Area 17.0% 46.2%
Castlegar Area 18.1% 34.9%
BC 28.4% 45.5%
Who has Affordability Problems (Boundary) (30% or more of household income on housing)
One person Non-Family
Lone-parent family
Couple Family Without children
Couple Family With children
Grand Forks LHA (30%) 245 100 130 55
Kettle Valley LHA (30%) 295 55 165 60
Total Type 1,590 440 2,150 1,075
% of Type 34.0% 35.2% 13.7% 10.7%
Total Income(Tax filer 2005) Total
MedianIncome
AverageIncome
Pre Tax Low
Income
Couple economic families 7,945 $63,782 $70,176 6.2%
Male lone-parent economic families 305 $45,377 $47,926 14.8%
Female lone-parent economic families 780 $27,565 $33,720 34.0%
Males 15 years and over not in economic families 2,395 $27,751 $32,400 26.3%Females 15 years and over not in economic families 2,590 $20,086 $26,540 28.4%
RDKB Incomes –2005
Following are possible categories of housing need:
• basic shelter (emergency, homeless)• transition/care• subsidized rental housing• market rental housing• non-market housing• market housing
Local/Regional Government Role
Different partners and roles depending on what is being considered:
• Local and/or Regional Government• Provincial and Federal Government (BC
Housing, CMHC)• Local and/or Regional NGO’s/CBT• Private Sector
Local/Regional Government Role
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