George Penfold Regional Innovation Chair Selkirk College Selkirk College, EDCO, Nelson B.C., December 9, 2008

 Research to date  Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs

 Background from State of the Basin and other Census data (CBT)  2001, 2008 Assessment Role analysis and comparison (CBT, Real Estate Foundation, SSHRC)  Inventory of Social Housing Assets (Real Estate Foundation)

 $78.6 M (72% of total) in Residential Building Permits RDCK, 2007  54% of Residential Permit Value in rural RDCK  Annual house maintenance - 1% = $63.5 M annually

Kootenay Development Region Total employed, all industries ('000) Construction Finance, insurance, real estate, leasing Business, building, support services Compared to: Manufacturing Forestry, fishing, mining, oil and gas4.15.4

 Assessed Residential Property Value in RDCK (2008) - $6.35 B or approximately $113,400 per person.  Largest “equity” pool for many households  Homeowners contribute to lack of affordable inventory by “up scaling,” “home makeovers”  Big contributor to basic quality of life, comfort and to “status”  Approximately 15% of assessed residential value and 19% of all residential titles are held by non-residents

 “Boomer” generation retiring. New housing demand for “amenity migrants” and vacation home owners  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  Increases : o Average house value RDCK 62% o Average household income 14% o Average rental rates 8.4%, o Minimum wage 0%

Dwelling Type Total RDCK Rural RDCKBC Total private dwellings occupied by usual residents 24,68012,940 (52%)1,643,150 Single-detached houses 77.7%85%49.2% Semi-detached houses 1.4%3.1% Row houses 2.2%0.7%6.9% Apartments, duplex 3.1%10.0% Apartments with fewer than five storey 6.8%2.3%20.9% Apartments with five or more storey's 0.1%7.1% Other dwellings (Mobile) 8.7%13%2.8% Individuals/Families in supportive housing 1,232

Location (2006 Census) Total Rental Households 2006 % Change Nelson, Salmo2, % Upper Kootenay Lake % Slocan Valley % Creston Valley1, % Castlegar Area % RDCK Total5,255 (22%)-8.5% CBT13, % BC493,995 (30%)-3.6%

Non- Regional Private Owners 2008 – 24.4% Non- Regional Private Owners 2001 – 22.4% ,3592,213 2,862 2,

Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 Nelson Kaslo$279,588$52, Slocan Valley$227,480$44, Castlegar Area$209,049$62, Salmo Creston$222,731$45, CBT$238,823$57, BC$418,703$67,6756.2

Location % Total Households Spending 30% or more 2006 Proportion Rental of total 2006 Nelson Kaslo28.2%47.4% Slocan Valley24.4%33.9% Castlegar Area18.1%34.9% Salmo Creston 22.8%46.9% RDCK 23.9%45.6% CBT 21.1%40.5% BC 28.4%45.5%

Location % Total Households Spending 30% or more 2001 % Total Households Spending 30% or more 2006 Nelson 30.7%30.8% Kaslo 33.3%27.6% Castlegar 21.4%20.4% Salmo 29.2%30.0% RDCK 23.6%23.9% BC 27.8%28.4%

Location (2006 Census) One Person Households Lone-parent family households Couple Family Without children Couple Family With children Nelson Kaslo46.6%15.3%20.1%12.2% Slocan Valley46.8%13.9%17.7%14.7% Castlegar Area50.3%10.6%15.9%16.4% Salmo Creston46.2%12.8%22.6%14.4% Central Kootenay RD46.8%13.9%17.7%14.7% CBT46.4%14.0%17.9%15.5% BC40.8%12.1%14.9%21.6%

Total Income (Tax filer 2005)Total Median Income Average Income Couple economic families13,945$57,197$66,043 Male lone-parent families480$48,918$50,667 Female lone-parent economic families1,775$27,918$34,581 Males 15 years and over not in economic families 4,790$23,143$30,125 Females 15 years and over not in economic families 4,625$18,744$23,775

 Following are possible categories of housing need: basic shelter (emergency, homeless) transition/care subsidized rental housing market rental housing non-market housing market housing

 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

 Household survey and seniors focus groups (CBT, Real Estate Foundation)  Strategic Planning for Affordable Housing ◦ SPAN – Greater Nelson ◦ LCCDT – Greater Trail ◦ Arrow Lakes/Slocan