1. George Penfold Regional Innovation Chair Selkirk College

2.  Housing and Labour Markets  Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs

3. In CommuteOut Commute

4. In Commute Out Commute

5.  $73 M in LCCDT Municipalities 2006 – 2008, $51 M in Rossland 2006 - 2008  251 new units in LCCDT municipalities 2006 – 2008, 157 in Rossland  47% of Total Residential Permit Value in rural RD Kootenay Boundary 2006 - 2008  Annual house maintenance LCCDT Area - 2008 Estimate $15.6 M annually

6. Kootenay Development Region (East and West Kootenay) 199720072008 Total employed, ('000)65.377.171.5 Construction3.69.28.0 Finance, insurance, real estate, leasing3.03.22.3 Business, building, support services1.62.41.6 Compared to: Manufacturing7.68.44.6 Forestry, fishing, mining, oil and gas4.15.46.9 RDKB Construction - 12% of all firms, Dec 2007

7.  Assessed Developed Residential Property Value in LCCDT Area (2008) - $1.56 B or approximately $80,000 per person  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”

8.  “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

9. 2006 Census Average Housing Values 20062001-20006 Increase Fruitvale$145,15827% Montrose$167,68841% Rossland$242,66899% Trail$142,30333% Warfield$160,52247% Kootenay Boundary A$206,68124% Kootenay Boundary B$165,64427% BC$418,70382%

10. Average Assessed Housing Values 20082001-2008 Increase Manufactured Home$47,90040.9% Single Family$204,600126.8% Acreage Dwelling$308,700117.1% Strata Condo$255,100323.8% Multi Family$220,800104.1%

11. Rental Households % of all Households 2001-2006 Change LCCDT Area 1,61019.7%-5.8% Rented 2006Avg. Rent 2006 2001-2006 Rent Change Fruitvale20.2%$54216.8% Montrose3.6%$68816.8% Rossland11.2%$575-8.0% Trail26.2%$55610.3% Warfield15.8%$56715.9% RDKB A11.2%$595-7.0% RDKB B6.1%$5157.7% BC27.3%$82810.3%

12.  Minimum wage 0% Average Household Income20062001-2006Change Fruitvale$50,2771% Montrose$59,94117% Rossland$60,08818% Trail$43,08715% Warfield$50,087-16% Kootenay Boundary A$61,2868% Kootenay Boundary B$53,297-1% BC$67,67518%

13. 20012008 Total Parcels10,73711,042 Non Resident9.5%13.8%

14. Property TypeShare of Titles Single Family8% Acreage Dwelling8% Multi Family19% Agricultural3% Hotel/Resort24% Commercial25% Manufacturing55%

17. +344

18. Dwelling TypeLCCDT AreaBC Total private dwellings occupied by usual residents (17% Rural)8,2401,643,150 Single-detached houses 80.3%49.2% Multi Family 4.2%10% Apartments11.9%38% Other dwellings (Mobile)3.6%2.8% Individuals/Families in supportive housing358 (4.3%)

19. Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 LCCDT Area$169,976$59,5602.9 Rossland$242,668$71,9923.4 Montrose $167,688$69,961 2.4 Nelson$273,287$51,7175.3 CBT$238,823$57,5344.2 BC$418,703$67,6756.2

20. LCCDT AREA (2006 Census) % Total Households Spending 30% or more Proportion Rental of Total LCCDT Area17.0% 40.2% Trail19.3%44.2% Castlegar Area18.1%34.9% BC28.4%45.5%

21. Total HouseholdsRentalOwned LCCDT Area1,395 645 (40.2% of rental) 750 (11.3% of owned) In 2006 (RDKB), 40.4% of all rental households were aged 55 +

22. LCCDT AreaOne Person Non-Family Lone-Parent Family Couple Family With Children Couple Family Without Children Affordability Challenged 735235165195 % Affordability Challenged 52.7%16.8%11.8%14.0% % Household Type27.9%32.9%8.3%7.2% In 2006 (RDKB), 64.8% of single person households were aged 55+, 28.1% of single person households were aged 75+

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

24.  Following are possible categories of housing need: Basic shelter (emergency, homeless) Transition/care Subsidized rental housing Market rental housing Non-market housing Market housing Live work housing

25.  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  Basic Question: who will invest in, and manage affordable housing development?