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Canada Core Housing Needs Breakdown

Edmonton Homes For Sale

Image courtesy of www.cmhc-schl.gc.ca

The image above shows that in 2013, Core Housing Needs for Canadians Living in Urban Areas reached 13.5%. 

This report was released by the Canadian Mortgage and Housing Corporation last 14 December 2015. Entitled "First Annual Estimate of Urban Households in Core Housing Need Based on Statistics Canada’s New Canadian Income Survey"

 

Edmonton Home Owners

Based from the Canadian Income Survey, 13.5% or 1.4 million home owners in Canada that are living in urbanized areas had core housing needs in 2013. This figure is equal to the survey done a year before.

CMHC defines Core Housing Need as, "A household is said to be in core housing need if its housing falls below at least one of the adequacy, affordability or suitability, standards and it would have to spend 30% or more of its total before-tax income to pay the median rent of alternative local housing that is acceptable (meets all three housing standards)."

Homes For Sale Edmonton

The province that received the highest proportion in core housing need is Ontario, from 2012 to 2013.

In 2013, only Ontario and British Columbia were recorded with the highest core housing need compared to the national average. It’s the polar opposite for New Brunswick and Alberta, having the smallest percentage in core housing need.

Edmonton Home Sellers

Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.

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