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Housing
Affordable housing – both rented and owned – is a big factor in quality of life and is important in attracting workers to our community.
- Rental Vacancy Rate
- Monthly Cost of Rent
- Total Housing Starts
- Average MLS Housing Price
Supplementary Local and National Comparison Information
A Rental Vacancy Rate is the percentage of rental units vacant in Waterloo Region. A rate of 3% is necessary for a competitive market.
| 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
| Waterloo Region | 1.9 | 1.5 | 1 | 0.7 | 0.9 | 2.3 | 3.2 | 3.5 | 3.3 | 3.3 | 2.9 |
| Ontario | 2.8 | 2.6 | 2.1 | 1.6 | 1.7 | 2.7 | 3.5 | 4.1 | 3.8 | 3.4 | 3.3 |
| Canada | 5.4 | 4.0 | 3.2 | 3.2 | 2.2 | 1.7 | 2.6 | 2.9 | 2.8 | 2.7 | 2.6 |
Source: http://www.cmhc-schl.gc.ca/en/corp/about/cahoob07/data/upload/Table9_EN_w.xls
The Cost of Rent Compared to Government Housing Allowances highlights the difference between what people in pay for rent and the amount paid for by the social assistance and disability programs available to those in the Waterloo Region.
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Source: Waterloo Region Housing Stability, May 2008, www.hhug.ca.
Total Housing Starts is an indicator of the number of new houses being built and the economic outlook of our community.
| 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |
| Waterloo Region | 2,981 | 2,131 | 2,240 | 1,705 | 1,747 | 1,105 | 1,968 | 2,171 | 2,549 | 2,821 |
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
| Waterloo Region | 3,509 | 3,537 | 4,130 | 3,955 | 3,912 | 3,763 | 2,599 | 2740 |
Source : Canada Mortgage and Housing Corporation, http://www.cmhc- chl.gc.ca/en/corp/about/cahoob07/data/upload/Table2_totalEN_w.xls
The Average Multiple Lisiting Service (MLS) Housing Price is an indicator of the affordability of home ownership in our community compared to others.
| 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |
| Waterloo Region | 159,718 | 154,725 | 145,015 | 138,896 | 141,683 | 135,452 | 134,839 | 141,387 | 143,104 | 146,495 |
| Ontario | 173,775 | 171,968 | 161,187 | 156,264 | 159,873 | 155,163 | 155,725 | 164,301 | 167,112 | 174,049 |
| Canada | 141,985 | 148,514 | 149,850 | 152,893 | 157,906 | 150,720 | 150,886 | 154,606 | 152,365 | 158,145 |
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
| Waterloo Region | 157,317 | 164,548 | 177,559 | 188,905 | 205,639 | 220,511 | 237,913 | 252439 |
| Ontario | 183,841 | 193,357 | 210,901 | 226,824 | 245,230 | 263,042 | 278,455 | 299544 |
| Canada | 163,992 | 171,743 | 188,754 | 207,111 | 226,337 | 249,201 | 276,959 | 307265 |
Source : CMHC http://www.cmhc-schl.gc.ca/en/corp/about/cahoob07/data/upload/Table4_EN_w.xls
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