George Penfold Regional Innovation Chair Selkirk College BC Rural Network, Revelstoke, B.C. March 25, 2009

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

 Census data , also used for CBT State of the Basin Report  2001, 2008 Assessment Role analysis and comparison  Inventory of Social Housing Assets  Proposed sample survey with Real Estate Foundation

 Approximately $377 M (76% of total) in Residential Building Permits 2007, $399 M (89% of total) 2008 in KDR  Approximately 46% of Total Residential Permit Value in KDR 2007, 44% in 2008 in rural areas  13,150 new units in KDR over last 10 years, 54% in rural areas  Annual Maintenance - Estimate $18.4 1% = $184 M annually

Kootenay Development Region (East and West Kootenay) Total employed ('000) Construction Finance, insurance, real estate, leasing Business, building, support services Manufacturing Forestry, fishing, mining, oil and gas Kootenay Economic Region – construction, 14% of all firms, Dec 2005

 “Boomer” generation retiring. Creates housing demand for retired, semi retired “amenity migrants”  CBT Labour Force projected needs over 15,800 new and replacement workers 2006 to 2011  Competing demands generate increasing prices if supply is not adequate  Average CBT Dwelling value (Census) increased by 68.7%, more than average household income (16.3%), rental rates (approx. 8 %), and minimum wage (0%) to 2006  Rental Households (21.4% of total) declined 9%,

Year Population Kootenay Development Region Households Kootenay Development Region ,758 60, ,487 61, ,769 61, ,979 66, ,326 69, ,483 71,434 In 2006, 38% lived in rural areas

PopulationYearCBT 0-17 yrs % (29,744) % (24,997) yrs % % yrs % % 65+ yrs % (22,255) % (29,323)

Net International Net Interprovincial Net Intraprovincial BC42,75715,520 RDKB RDCK27142(236) RDEK22(177)(172)

Total Private Parcels109,131117,400 Non Resident21.8%27.8%

Dwelling TypeCBT BoundaryBC Total occupied dwellings 62,810 1,643,150 Single-detached houses 72.4% 49.2% Multi Family 5.9% 10% Apartments 11.5% 38% Other dwellings (Mobile Homes) 10.3% 2.8% Individuals/Families in supportive housing (units) 3,200

Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/ Avg. Household Income 2005 RDCK$240,339$51, RDKB$191,646$55, RDEK$259,738$64, CBT$238,823$57, BC$418,703$67,6756.2

Location (2006 Census) % Total Households Spending 30% or more % Owner Households Spending 30% or more % Rental Households Spending 30% or more Salmo Area31.3%27.7%42.9% Kaslo Area30.0%25.8%43.6% Nelson Area27.9%21.1%47.3% CBT21.1%16.0%40.0% BC28.4%22.1%42.9%

(2006 Census) One person Non-Family Lone-parent family Couple Family With children Couple Family Without children Total 30% spending6,0651,8352,0302,345 % of 30% spending46.4%14.0%15.5%17.9% Total Household Type18,4415,80515,03021,875 % of Household Type32.9%31.6%13.5%10.7%

Total Income (Tax filer 2005) Median Income Average Income Pre Tax Low Income Couple economic families $57,197$66, % Male lone-parent economic families $48,918$50, % Female lone-parent economic families $27,918$34, % Males 15 years and over not in economic families $23,143$30, % Females 15 years and over not in economic families $18,744$23, %

 Following are general 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  Basic Question: who will invest in, and manage affordable housing development?