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Housing
Having access to affordable and safe housing is one of our most basic needs and a must for our Region's residents.
- Rental Vacancy Rate
- Monthly Cost of Rent
- Total Housing Starts
- Average MLS Housing Price
Supplementary Local and National Comparison Information
8-1 Percent of Households Paying Over 30% of Income for Housing is an indicator of the affordability of the housing supply.
| 2001 | 2006 | |
| Waterloo Region | 36.6 | 39.2 |
| Ontario | 42.2 | 44.6 |
| Canada | 39.6 | 40.3 |
Source: Statistics Canada, Census 2001 and 2006, Topic-based tabulations, Housing and Shelter Costs
8-2 The Ratio of Residential Prices to Income is an indication of housing affordability. As the ratio increases, housing becomes less affordable.
| 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |
| Waterloo Region | 2.77 | 2.68 | 2.86 | 2.65 | 2.78 | 2.77 | 2.80 | 3.08 | 3.22 | 3.34 | 3.30 | 3.58 |
| Ontario | 3.31 | 3.26 | 3.46 | 3.30 | 3.19 | 3.19 | 3.28 | 3.51 | 3.76 | 3.95 | 4.14 | 4.31 |
| Canada | 3.64 | 3.64 | 3.62 | 3.39 | 3.32 | 3.26 | 3.34 | 3.63 | 3.87 | 4.08 | 4.33 | 4.65 |
Source: Average residential prices found through Canadian Housing Observer, Table 6. ; Source for median economic family income: Statistics Canada. Cansim Table 202-0202. Based on SLID.
8-3 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 | ||
| Kitchener | 2981 | 2131 | 2240 | 1705 | 1747 | 1150 | 1968 | 2171 | 2549 | |
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
| Kitchener | 2821 | 3509 | 3537 | 4130 | 3955 | 3912 | 3763 | 3599 | 2740 | 2634 |
Source: Canada Mortgage and Housing Corporation, http://www.cmhc-schl.gc.ca/en/corp/about/cahoob07/data/upload/Table2_totalEN_w.xls
8-4 Total Housing Starts with Rentals is an indicator of the future availability of rental accommodation compared to ownership accommodation.
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
| Total Starts | 2821 | 3509 | 3537 | 4130 | 3955 | 3912 | 3763 | 3599 | 2740 | 2634 |
| Rental Starts | 183 | 601 | 691 | 395 | 577 | 733 | 490 | 266 | 666 | 493 |
Source:http://www.cmhc-schl.gc.ca/en/corp/about/cahoob07/data/upload/Table9_EN_w.xls
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