George Penfold Regional 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?

 $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

Kootenay Development Region (East and West Kootenay) Total employed, all industries ('000) Construction Finance, insurance, real estate, leasing Business, building, support services Compared to: Manufacturing Forestry, fishing, mining, oil and gas RDKB Construction - 12% of all firms, Dec 2007

 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.

 “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%) to 2006

Total Occupied Dwellings Rented Occupied Dwellings % Rented 2006 % Rented Change Grand Forks1, %-4.65% Greenwood %-3.84% Midway %-13.80% RDKB “C” %-4.27% RDKB “D”1, %-4.94% RDKB “E”1, %-10.93% B.C.27.33%-3.84%

Average Dwelling Value 2006 Average Dwelling Value Increase (%) Median Household Income 2005 Median Household Income Change (%) Median Tenant Monthly Rent 2006 % Average Rent Payment Change Grand Forks$176,25149%$37,49914%$6231.2% Greenwood$110,54136%$32,43610%$7259.7% Midway$151,52617%$38,169-12%$ % RDKB “C”$240,67934%$42,498-3%$6013.3% RDKB “D”$290,496100%$45,18919%$6012.3% RDKB “E”$239,44346%$34,5004%$ %

PopulationYear Kettle Valley LHA Grand Forks LHA Total Population19963,7319,101 Total Population20013,6259,133 Total Population2006 3,6459,061 Projected Population20163,6479,057 Rural Population (58%)2006 2,3995,025 Village/City (42%)2006 1,2464,036

PopulationYear Kettle Valley LHA Grand Forks LHA 0-17 yrs %16.60% Projected %15.20% yrs %61.50% Projected %58.50% 65+ yrs %21.90% Projected %26.30%

Net International Net Interprovincial Net Intraprovincial BC42,75715,520 RDKB523101

Total Private Parcels13,23414,511 Non Resident34.7%44.8%

Property TypeShare of Titles 2001 Share of Titles 2008 SFD13%16% Acreage Dwelling18%21% Multi Family37%51% Agricultural15%22% Hotel/Resort82%83% Commercial32%38% Manufacturing53%77%

Census 2006In CommuteOut CommuteLive/Work Grand Forks1,365301,175 Greenwood Midway Kootenay Boundary C Kootenay Boundary D1,035 Kootenay Boundary E

Mobility2006 Pop. Same Address 1 year Ago (Age 1+) Same Address 5 years Ago (Age 5+) Area C1,4351, Area D3,1762,8002,095 Area E2,2341,9451,450 Grand Forks4,0363,2952,045 Greenwood Midway

Dwelling TypeBoundary AreaBC Total private dwellings occupied by usual residents (54.8% Rural) 5,4851,643,150 Single-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

Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/ Avg. Household Income 2005 Grand Forks$176,251$38, Greenwood$110,541$46, Midway$151,526$53, Kootenay Boundary C$240,679$54, Kootenay Boundary D$290,496$51, Kootenay Boundary E$239,443$45, BC$418,703$67,6756.2

Location (LHA Census) % Total Households Spending 30% or more Proportion Rental of Total Grand Forks area21.4%36.2% Kettle Valley area22.3%22.4% Greater Trail Area17.0%46.2% Castlegar Area18.1%34.9% BC28.4%45.5%

One person Non-Family Lone-parent family Couple Family Without children Couple Family With children Grand Forks LHA (30%) Kettle Valley LHA (30%) Total Type1, ,1501,075 % of Type34.0%35.2%13.7%10.7%

Total Income (Tax filer 2005)Total Median Income Average Income Pre Tax Low Income Couple economic families 7,945$63,782$70, % Male lone-parent economic families 305$45,377$47, % Female lone-parent economic families 780$27,565$33, % Males 15 years and over not in economic families 2,395$27,751$32, % Females 15 years and over not in economic families 2,590$20,086$26, %

 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