Professional Documents
Culture Documents
It
was
also
a
way
of
equalizing
all
regions
of
the
country,
given
that
utility
rates
are
higher
in
different
parts
of
Canada
(e.g.
the
North).
RENT
IN
CANADA
How
many
renters
are
there
in
the
country?
Currently,
30.4%
of
the
households
in
Canada
rent.
There
are
approximately
4
million
renter
households
in
Canada.
The
highest
percentage
or
renter
households
are
in
the
territories
with
Nunavut
(79%)
and
Northwest
Territories
(47.4%)
leading
the
pack.
Out
of
the
provinces,
Quebec
(38.4%),
BC
(29.3%),
Nova
Scotia
(28.5%)
and
Ontario
(28.2%)
have
the
highest
number
of
renter
households.
AFFORDABILITY
What
is
affordable
housing,
how
do
you
determine
this?
According
to
Statistics
Canada,
a
household
paying
30%
or
more
of
its
pre-tax
income
for
housing
is
considered
to
have
affordability
problems.
Households
paying
in
excess
of
50%
of
pre-tax
income
for
housing
are
considered
to
be
at
a
crisis
level
of
spending.
What
effect
does
rental
housing
have
in
the
country?
According
to
a
KPMG
study
(KPMG
Economic
Impact
Assessment
Study),
Rental
housing
contributes
$12.25
billion
to
Canadas
GDP
(2013)
each
year.
Many
of
Canadas
economic
goals
resource
development,
highly
trained
professional
sector,
skilled
immigration
all
depend
on
rental
housing
at
various
points.
Unaffordable
levels
of
rent
could
impact
our
ability
to
reach
those
goals.
What
effect
does
a
lack
of
affordable
rental
housing
have
in
the
country?
Unstable
and
unaffordable
housing
often
leads
to
an
array
of
socioeconomic
issues
including
significant
costs
to
the
health,
and
justice
systems.
Without
affordable
rental
housing,
households
cannot
save
for
a
down
payment
on
a
home,
putting
home
ownership
further
out
of
reach
for
many
Canadians.
Where
is
there
a
need
for
more
affordable
housing?
The
data
shows
that
there
is
a
need
for
more
affordable
housing
across
Canada,
in
both
rural
and
urban
areas.
The
provinces
that
show
the
greatest
need
are:
BC,
Ontario,
Nova
Scotia,
Saskatchewan
and
Alberta.