[homeles_ot-l] Spring Rental Market FW: Canada's nation-wide rental housing squeeze grows tighter

[Lynne Browne]

FYI, attached is the Canadian highlight. The Rental Report for Ottawa will
be sent as soon as it's available; it's not yet on CMHC's site. An analysis
from Michael Shapcott is below.

 

Lynne Browne

Coordinator, Alliance to End Homelessness 

613-241-7913 ext. 205,  <mailto:lbrowne at ysb.on.ca> lbrowne at ysb.on.ca

147 Besserer St., Ottawa, ON K1N 6A7

 

VISIT
<https://mail.ysb.on.ca/exchweb/bin/redir.asp?URL=http://www.endhomelessness
ottawa.ca> www.endhomelessnessottawa.ca

NOW ATEH is on FACEBOOK
<https://mail.ysb.on.ca/exchweb/bin/redir.asp?URL=http://www.facebook.com/ho
me.php?%23!/pages/Alliance-to-End-Homelessness-Ottawa/136029386442398?v=wall
%26ref=ts> HERE &

on TWITTER
<https://mail.ysb.on.ca/exchweb/bin/redir.asp?URL=https://twitter.com/endhom
elessOTT> HERE @endhomelessOTT

 

From: hhno-on-owner at povnet.org [mailto:hhno-on-owner at povnet.org] On Behalf
Of Michael Shapcott
Sent: June-09-11 10:16 AM
To: Michael Shapcott
Subject: [hhno-on] Canada's nation-wide rental housing squeeze grows tighter

Canada's national rental vacancy rate has dropped from an already low 2.9%
to a painfully low 2.5% in the latest survey released today by Canada
Mortgage and Housing Corporation. The survey also confirms that rents have
risen in Canada.

Rental vacancy rates fell in 21 of Canada's 35 major urban areas, and
average rents now top $1,000 in Vancouver, Toronto, Ottawa, Calgary,
Edmonton and Victoria - where the majority of Canada's renter households
live.

About one-in-three Canadian households live in rental housing - with a
higher proportion in urban areas.

Canada has no national rental housing strategy. There is a patchwork of
federal funding and programs, but Monday's federal budget was silent on
rental housing issues. Two significant federal housing initiatives - the
Residential Rehabilitation Assistance Program (RRAP - which provides about
$128 million annually to fund repairs for low-income rental and ownership
homes); and the Affordable Housing Initiative (AHI - which provides about
$125 million to cost-share with provinces and others the cost of new
low-income rental homes) - remain in limbo as Canadians wait for news from
the federal government about the continued funding for these programs.

Here's a link to scroll down to the CMHC rental market reports at the
national, provincial and major urban areas levels...

http://www.schl.ca/en/hoficlincl/homain/stda/index.cfm

- Michael  

* * *

Michael Shapcott
Director, Housing and Innovation
The Wellesley Institute
10 Alcorn Avenue, #300
Toronto, ON., Canada M4V 3B2
Tel. - 416-972-1010, x231
Mobile - 416-605-8316
Fax - 416-921-7228
www.wellesleyinstitute.com



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