George Penfold Regional Innovation Chair Selkirk College

 Housing and Labour Markets  Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs

In CommuteOut Commute

In Commute Out Commute

 $73 M in LCCDT Municipalities 2006 – 2008, $51 M in Rossland  251 new units in LCCDT municipalities 2006 – 2008, 157 in Rossland  47% of Total Residential Permit Value in rural RD Kootenay Boundary  Annual house maintenance LCCDT Area Estimate $15.6 M annually

Kootenay Development Region (East and West Kootenay) Total employed, ('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 LCCDT Area (2008) - $1.56 B or approximately $80,000 per person  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”

 “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

2006 Census Average Housing Values Increase Fruitvale$145,15827% Montrose$167,68841% Rossland$242,66899% Trail$142,30333% Warfield$160,52247% Kootenay Boundary A$206,68124% Kootenay Boundary B$165,64427% BC$418,70382%

Average Assessed Housing Values Increase Manufactured Home$47, % Single Family$204, % Acreage Dwelling$308, % Strata Condo$255, % Multi Family$220, %

Rental Households % of all Households Change LCCDT Area 1, %-5.8% Rented 2006Avg. Rent Rent Change Fruitvale20.2%$ % Montrose3.6%$ % Rossland11.2%$ % Trail26.2%$ % Warfield15.8%$ % RDKB A11.2%$ % RDKB B6.1%$5157.7% BC27.3%$ %

 Minimum wage 0% Average Household Income Change Fruitvale$50,2771% Montrose$59,94117% Rossland$60,08818% Trail$43,08715% Warfield$50,087-16% Kootenay Boundary A$61,2868% Kootenay Boundary B$53,297-1% BC$67,67518%

Total Parcels10,73711,042 Non Resident9.5%13.8%

Property TypeShare of Titles Single Family8% Acreage Dwelling8% Multi Family19% Agricultural3% Hotel/Resort24% Commercial25% Manufacturing55%

+344

Dwelling TypeLCCDT AreaBC Total private dwellings occupied by usual residents (17% Rural)8,2401,643,150 Single-detached houses 80.3%49.2% Multi Family 4.2%10% Apartments11.9%38% Other dwellings (Mobile)3.6%2.8% Individuals/Families in supportive housing358 (4.3%)

Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 LCCDT Area$169,976$59, Rossland$242,668$71, Montrose $167,688$69, Nelson$273,287$51, CBT$238,823$57, BC$418,703$67,6756.2

LCCDT AREA (2006 Census) % Total Households Spending 30% or more Proportion Rental of Total LCCDT Area17.0% 40.2% Trail19.3%44.2% Castlegar Area18.1%34.9% BC28.4%45.5%

Total HouseholdsRentalOwned LCCDT Area1, (40.2% of rental) 750 (11.3% of owned) In 2006 (RDKB), 40.4% of all rental households were aged 55 +

LCCDT AreaOne Person Non-Family Lone-Parent Family Couple Family With Children Couple Family Without Children Affordability Challenged % Affordability Challenged 52.7%16.8%11.8%14.0% % Household Type27.9%32.9%8.3%7.2% In 2006 (RDKB), 64.8% of single person households were aged 55+, 28.1% of single person households were aged 75+

Total Income (Tax filer 2005)Total Median Income Pre Tax Low Income Couple economic families 7,945$63, % Male lone-parent economic families 305$45, % Female lone-parent economic families 780$27, % Males 15 years and over not in economic families 2,395$27, % Females 15 years and over not in economic families 2,590$20, %

 Following are possible categories of housing need: Basic shelter (emergency, homeless) Transition/care Subsidized rental housing Market rental housing Non-market housing Market housing Live work 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?