1. George Penfold Regional Innovation Chair Selkirk College Boundary Economic Development Committee Greenwood B.C., October 14, 2008

2.  Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs?

3.  $183 M (70% of total) in Residential Building Permits RDKB 2005 - 2007  $97.7 M (53% of Total) Residential Permit Value in rural RDKB  $13.7 M Residential in Boundary Municipal 2005 – 2007  Annual house maintenance Boundary Area - Estimate $1.88B @ 1% = $18.8 M annually

4. Kootenay Development Region (East and West Kootenay) 19972007 Total employed, all industries ('000)65.377.1 Construction3.69.2 Finance, insurance, real estate, leasing3.03.2 Business, building, support services1.62.4 Compared to: Manufacturing7.68.4 Forestry, fishing, mining, oil and gas4.15.4 RDKB Construction - 12% of all firms, Dec 2007

5.  Assessed Developed Residential Property Value in Boundary Area (2008) - $1.883 B or approximately $147,000 per resident  Largest “equity” base for many households  Big contributor to basic quality of life, comfort and to “status” for many  Homeowners contribute to lack of affordable inventory by “up scaling,” “gentrifying”, “home makeovers”  Many homes used commercially – vacation rentals, B & B’s, suites, home based business, grow ops.

6.  “Boomer” generation retiring. Creates housing demand for retired, semi retired “amenity migrants”  West Kootenay Labour Force projected needs - 7,100 new and replacement workers 2006 to 2011  Competing demands generate increasing prices if supply is not adequate  Average RDKB Occupied Dwelling value escalated more (51%) than average household income (14%), and rental rates (7.39%) - 2001 to 2006

7. Total Occupied Dwellings Rented Occupied Dwellings % Rented 2006 % Rented Change 2001 - 2006 Grand Forks1,88540021.48%-4.65% Greenwood315359.75%-3.84% Midway2803511.71%-13.80% RDKB “C”665402.84%-4.27% RDKB “D”1,3401158.17%-4.94% RDKB “E”1,0001755.61%-10.93% B.C.27.33%-3.84%

8. Average Dwelling Value 2006 Average Dwelling Value Increase 2001- 2006 (%) Median Household Income 2005 Median Household Income Change 2000- 2005 (%) Median Tenant Monthly Rent 2006 % Average Rent Payment Change 2001-2006 Grand Forks$176,25149%$37,49914%$6231.2% Greenwood$110,54136%$32,43610%$7259.7% Midway$151,52617%$38,169-12%$57510.6% RDKB “C”$240,67934%$42,498-3%$6013.3% RDKB “D”$290,496100%$45,18919%$6012.3% RDKB “E”$239,44346%$34,5004%$59131.7%

9. PopulationYear Kettle Valley LHA Grand Forks LHA Total Population19963,7319,101 Total Population20013,6259,133 Total Population2006 3,6459,061 Projected Population20163,6479,057 Rural Population (58%)2006 2,3995,025 Village/City (42%)2006 1,2464,036

10. PopulationYear Kettle Valley LHA Grand Forks LHA 0-17 yrs2006 18.30%16.60% Projected201613.50%15.20% 18-64 yrs2006 62.30%61.50% Projected201661.40%58.50% 65+ yrs2006 19.40%21.90% Projected201625.00%26.30%

11. Net International Net Interprovincial Net Intraprovincial BC42,75715,520 RDKB523101

12. 20012008 Total Private Parcels13,23414,511 Non Resident34.7%44.8%

13. Property TypeShare of Titles 2001 Share of Titles 2008 SFD13%16% Acreage Dwelling18%21% Multi Family37%51% Agricultural15%22% Hotel/Resort82%83% Commercial32%38% Manufacturing53%77%

14. Census 2006In CommuteOut CommuteLive/Work Grand Forks1,365301,175 Greenwood509545 Midway7040175 Kootenay Boundary C50255135 Kootenay Boundary D1,035 Kootenay Boundary E90245325

15. Mobility2006 Pop. Same Address 1 year Ago (Age 1+) Same Address 5 years Ago (Age 5+) Area C1,4351,265960 Area D3,1762,8002,095 Area E2,2341,9451,450 Grand Forks4,0363,2952,045 Greenwood625460295 Midway621535335

16. Dwelling TypeBoundary AreaBC Total private dwellings occupied by usual residents (54.8% Rural) 5,4851,643,150 Single-detached houses 83.7%49.2% Multi Family 5.0%10% Apartments 4.6%38% Other dwellings (Mobile Homes) 6.0%2.8% Individuals/Families in supportive housing (units) 187

17. Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/ Avg. Household Income 2005 Grand Forks$176,251$38,7224.55 Greenwood$110,541$46,5302.38 Midway$151,526$53,0112.86 Kootenay Boundary C$240,679$54,4504.42 Kootenay Boundary D$290,496$51,1855.68 Kootenay Boundary E$239,443$45,0115.32 BC$418,703$67,6756.2

18. Location (LHA - 2006 Census) % Total Households Spending 30% or more Proportion Rental of Total Grand Forks area21.4%36.2% Kettle Valley area22.3%22.4% Greater Trail Area17.0%46.2% Castlegar Area18.1%34.9% BC28.4%45.5%

19. One person Non-Family Lone-parent family Couple Family Without children Couple Family With children Grand Forks LHA (30%)24510013055 Kettle Valley LHA (30%)2955516560 Total Type1,5904402,1501,075 % of Type34.0%35.2%13.7%10.7%

20. Total Income (Tax filer 2005)Total Median Income Average Income Pre Tax Low Income Couple economic families 7,945$63,782$70,176 6.2% Male lone-parent economic families 305$45,377$47,926 14.8% Female lone-parent economic families 780$27,565$33,720 34.0% Males 15 years and over not in economic families 2,395$27,751$32,400 26.3% Females 15 years and over not in economic families 2,590$20,086$26,540 28.4%

21.  Following are possible categories of housing need: basic shelter (emergency, homeless) transition/care subsidized rental housing market rental housing non-market housing market housing

22.  Different partners and roles depending on what is being considered: Local and/or Regional Government Provincial and Federal Government (BC Housing, CMHC) Local and/or Regional NGO’s/CBT Private Sector