The Rental Housing Index: Building the evidence we need to meet the housing needs of tomorrow Canadian Housing and Renewal Associa=on Annual Congress April 29 th, 2015 WWW.BCNPHA.CA
Overview Why a Rental Housing Index? The Details. The Response. The Future. 2
Available data focuses on ownership 3
The Launch of the RHI http://globalnews.ca/video/1676988/rental-housing-index 4
The Housing Affordability Crisis for Renters 50,0% 45,0% 40,0% 35,0% Percent of renters spending more than 30% of their income on housing, by CMA, 2001 and 2011 compared 30,0% 25,0% 20,0% 15,0% 10,0% 5,0% 0,0% Winnipeg OOawa Calgary Montreal Toronto Vancouver 2001 2011 Source: Sta=s=cs Canada, 2001 census and 2011 NHS 5
The Housing Affordability Crisis for Renters 30,0% Percent of Renters spending over half their income on housing, by CMA, 2001 and 2011 compared 25,0% 20,0% 15,0% 2001 2011 10,0% 5,0% 0,0% Winnipeg OOawa Calgary Montreal Toronto Vancouver Source: Sta=s=cs Canada, 2001 census and 2011 NHS 6
Federal subsidies are expiring 7
Units leaving agreements 200,000 social housing units are at risk in Canada Source: Pomeroy, 2011 8
RHI focuses on rental 9
Advisory CommiOee 10
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The Data Custom dataset from 2011 Na=onal Household Survey 486 million data cells 12
The Index Five indicators factored in Each weighed on scale of 0-10 Community Index Score is out of 50 Sum of five indicators 13
RHI Indicators - Affordability 14
RHI Indicators Supply 15
Average Rents Highest Lowest 16
Median Incomes Highest Lowest 17
Rentalhousingindex.ca 18
The Response 19
http://www.cbc.ca/news/canada/british-columbia/b-c-renters-facing-affordability-crunch-says-new-survey-1.2837719 20
RHI driving the conversaton about rental housing 21
MEDIA COVERAGE Rental Housing Index 40.6 Million Impressions Total Coverage: 194 Pieces (TV, print, radio, web) Vancouver Sun (Print) - Nov 21, 2014 - Reach: 383,737 Nanaimo Daily News (Online & Print) - Nov 20, 2014 - Reach: 35,000 Chinese Canadian Voice (Online) - Nov 19, 2014 - Reach: 35,000 Georgia Straight (Online) - Nov 19, 2014 - Reach: 146,000 Campbell River Mirror (Print) - Nov 19, 2014 - Reach: 23,791 The Williams Lake Tribune (Print) - Nov 19, 2014 - Reach: 17,591 CBC Kamloops (Online) - Nov 18, 2014 - Reach: 525,000 The Williams Lake Tribune (Online) - Nov 18, 2014 - Reach: 4,500 CKNW - The Simi Sara Show (Radio) - Nov 18, 2014; 2:10 PM - Reach: 319,410 Campbell River Mirror (Online) - Nov 18, 2014 - Reach: 15,000 CBC Kamloops - Daybreak (Radio) - Nov 18, 2014; 9:00 AM PST - Reach: 24,500 The Province (Print) - Nov 18, 2014 - Reach: 363,835 CBC Radio One Prince George (Radio) - Nov 18, 2014; 7:50 AM - Reach: 7,500 CBC Radio One Victoria (Radio) - Nov 18, 2014; 7:10 AM - Reach: 15,900 CTV Vancouver - Morning Live (Broadcast) - Nov 18, 2014; 7:00 AM - Reach: 357,000 Ottawa Citizen (Online) - Nov 17, 2014 - Reach: 698,000 CBC Daybreak North - Nov 17, 2014 - Reach: 15,000 CTV Vancouver - News at 11:30 (Broadcast) - Nov 17, 2014 - Reach: 450,000 Global Okanagan (Broadcast) - Nov 17, 2014; 11:30 PM - Reach: 75,000 Global BC - News Hour Final (Broadcast) - Nov 17, 2014; - Reach: 390,000 CTV Vancouver - News at 6 (Broadcast) - Nov 17, 2014; 6:10 PM - Reach: 513,000 Global BC - News Hour (Broadcast) - Nov 17, 2014; 6:00 PM - Reach: 572,000 CBC Radio One - On the Coast (Radio) - Nov 17, 2014; 5:20 PM - Reach: 51,000 Global News (Online) - Nov 17, 2014 - Reach: 250,000 Global BC - Early News (Broadcast) - Nov 17, 2014; 5:20 PM - Reach: 333,000 CBC Radio One - On the Coast (Radio) - Nov 17, 2014; 5:10 PM - Reach: 51,000 Global BC 1 (Online) - Nov 17, 2014 - Reach: 139,000 News 1130 (Radio) - Nov 17, 2014; 5:00 PM - Reach: 178,845 CTV Vancouver - News at 5 (Broadcast) - Nov 17, 2014; 5:00 PM - Reach: 446,000 Metro Vancouver (Online) - Nov 17, 2014 - Reach: 91,000 CBC Radio One Prince George (Radio) - Nov 17, 2014; 4:50 PM - Reach: 7,500 CBC Radio One Kelowna (Radio) - Nov 17, 2014; 4:50 PM - Reach: 18,900 CTV News Vancouver (Online) - Nov 17, 2014 - Reach: 254,000 24 Hours Vancouver (Online) - Nov 17, 2014 - Reach: 40,000 Calgary Herald (Online) - Nov 17, 2014 - Reach: 719,000 Surrey North Delta Leader (Online) - Nov 17, 2014 - Reach: 20,000 News 1130 (Radio) - Nov 17, 2014; 1:00 PM - Reach: 207,315 Canada Times (Online) - Nov 17, 2014 - Reach: 150,000 TD Waterhouse (Online) - Nov 17, 2014 - Reach: 10,000 The Province (Online) - Nov 17, 2014 - Reach: 523,000 Global BC (Online) - Nov 17, 2014 - Reach: 1,957,000 Radio Canada (Online) - Nov 17, 2014 - Reach: 2,573,000 News 1130 (Radio) - Nov 17, 2014; 12:00 PM - Reach: 143,940 Global BC - Noon News Hour (Broadcast) - Nov 17, 2014; - Reach: 305,000 Global Okanagan (Broadcast) - Nov 17, 2014; 12:00 PM - Reach: 30,000 CKNW - The Bill Good Show (Radio) - Nov 17, 2014; 8:30 AM - Reach: 15,900 CBC Radio One Victoria (Radio) - Nov 17, 2014; 7:30 AM - Reach: 15,900 CBC Radio One Prince George (Radio) - Nov 17, 2014; 7:30 AM - Reach: 7,500 CBC Radio - The Early Edition (Radio) - Nov 17, 2014; 7:30 AM - Reach: 103,000 CBC Radio One Kelowna (Radio) - Nov 17, 2014; 7:30 AM - Reach: 18,900 CBC Radio One Victoria (Radio) - Nov 17, 2014; 7:20 AM - Reach: 15,900 103,000CBC Radio One Victoria (Radio) - Nov 17, 2014; 7:10 AM - Reach: 15,900 22
The Future of the Rental Housing Index 23
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The NaTonal Rental Housing Index 26
Expansion of BC Data Non- Profit Housing 27
Rental demand projectons to 2036 28
Neighbourhoods 29
Workforce Data 30
PopulaTon Data 31
Discussion and QuesTons 32
Thank you! 33