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Published byRandall Merritt Modified over 9 years ago
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George Penfold Regional Innovation Chair Selkirk College LCCDT, Trail B.C., September24, 2008
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Background on housing industry Background on population Background on housing stock. Census based needs assessment Roles in responding to needs?
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$183 M (70% of total) in Residential Building Permits RD Kootenay Boundary 2005 - 2007 53% of Total Residential Permit Value in rural RD Kootenay Boundary $72 M in LCCDT Municipal 2005 – 2007 Annual house maintenance LCCDT Area - Estimate $1.56B @ 1% = $15.6 M annually
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Kootenay Development Region (East and West Kootenay) 19972007 Total employed, all industries ('000)65.377.1 Construction3.69.2 Finance, insurance, real estate, leasing3.03.2 Business, building, support services1.62.4 Compared to: Manufacturing7.68.4 Forestry, fishing, mining, oil and gas4.15.4 RDKB Construction - 12% of all firms, Dec 2007
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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”
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“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
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20012008 Total Parcels10,73711,042 Non Resident9.5%13.8%
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Property TypeShare of Titles SFD8% Acreage Dwelling8% Multi Family19% Agricultural3% Hotel/Resort24% Commercial25% Manufacturing55%
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In CommuteOut Commute
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In CommuteOut Commute
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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% Apartments 11.9%38% Other dwellings (Mobile) 3.6%2.8% Individuals/Families in supportive housing 358
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Location (2006 Census) Total Rental Households 2006 % Change 2001-2006 LCCDT Area 1,610 (19.7% of total Dwellings)-5.8% Castlegar Area935-13.0% Nelson/Salmo2,295-2.5% CBT14,420-9.0% BC 493,995 (30% of Total Dwellings)-3.6%
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Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 LCCDT Area$169,976$59,5602.9 Nelson/Salmo$267,855$52,4245.1 Castlegar Area$209,049$62,1323.4 CBT$238,823$57,5344.2 BC$418,703$67,6756.2
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Location (LHA - 2006 Census) % Total Households Spending 30% or more Proportion Rental of Total LCCDT Area17.0% 46.2% Nelson/Salmo28.4%46.3% Castlegar Area18.1%34.9% CBT21.1%40.5% BC28.4%45.5%
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One person Non- Family Lone- parent family Couple Family Without children Couple Family With children Two or more person Non-Family Other family 7352351951654515 52.7%16.8%14.0%11.8%3.2%1.1% TotalRentalOwned 1,395645750
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Total Income (Tax filer 2005)Total Median Income Average Income 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%
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% of population 0-64 receiving IA % of children 0-18 receiving IA % of Total Seniors Receiving Maximum GIS LCCDT 5.00%4.32%1.03% Castlegar area 3.82%3.40%1.75% Nelson area 6.09%5.87%2.29% Basin* 3.93%3.52%1.59% BC 3.48%3.14%3.48%
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Following are possible categories of housing need: basic shelter (emergency, homeless) transition/care subsidized rental housing market rental housing non-market housing market housing
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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
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