George Penfold Regional Innovation Chair Selkirk College Healthy Housing Society, New Denver B.C.,...
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![Page 1: George Penfold Regional Innovation Chair Selkirk College Healthy Housing Society, New Denver B.C., September 25, 2008.](https://reader036.fdocuments.us/reader036/viewer/2022062519/5697c0111a28abf838ccb75d/html5/thumbnails/1.jpg)
George PenfoldRegional Innovation Chair
Selkirk College
Healthy Housing Society, New Denver B.C., September 25, 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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$78.6 M (72% of total) in Residential Building Permits RDCK, 2007
54% of Residential Permit Value in rural RDCK
Annual house maintenance - Estimate @ 1% = $63.5 M annually
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Kootenay Development Region 1997 2007
Total employed, all industries ('000) 65.3 77.1
Construction 3.6 9.2Finance, insurance, real estate, leasing 3.0 3.2Business, building, support services 1.6 2.4Manufacturing 7.6 8.4Forestry, fishing, mining, oil and gas 4.1 5.4
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RDCK (2008) Assessed Developed Residential Property Value - $6.35 B ($113,400 per person)
Largest “equity” pool 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,” “home makeovers”
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“Boomer” generation retiring. Creates housing demand for retired, semi retired and “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
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Homeowners contribute to affordable inventory by “up scaling,” “home makeovers”
Average RDCK dwelling value escalated more (62%) than average household income (14%), and rental rates (8.35%) - 2001 to 2006
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% of Total Population
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Location(2006 Census)
Avg. Dwelling Value 2006
Avg. Household Income 2005
Avg. Dwelling Value 2006/Avg.
Household Income 2005
Arrow Lakes/Slocan $227,480 $44,804 5.1
Nelson Salmo $267,855 $52,424 5.1
RDCK $240,339 $51,574 4.7
BC $418,703 $67,675 6.2
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Location (2006 Census)
% Total HouseholdsSpending 30% or more
Proportion Rental
Arrow Lakes 24.4% 33.9%
Nelson Salmo 28.4% 46.3%
RDCK 23.8% 41.5%
BC 28.4% 45.5%
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Total Income(Tax filer 2005) Total
MedianIncome
AverageIncome
Couple economic families 13,945 $57,197 $66,043
Male lone-parent economic families 480 $48,918 $50,667
Female lone-parent economic families 1,775 $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
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Following are possible categories of housing need:
• basic shelter (emergency, homeless)• shelter/care• subsidized rental housing• market rental housing• non-market housing• market housing
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Different partners and roles depending on what housing is being considered: Local and/or Regional Government Provincial and Federal Government (BC
Housing, CMHC) Local and/or Regional NGO’s, CBT Private Sector
Need to start thinking about, collaborating, and developing strategies for housing in Labour Market and Housing Market contexts