A National Emergency
In 2006, the United Nations declared housing and homelessness in Canada a national emergency. Four million Canadians live in housing that is overcrowded, unhealthy, or unaffordable. These struggling households live in what the federal government calls ‘core need’, and must regularly choose between buying food and paying for shelter. The critical undersupply of affordable housing is a major contributor to the homelessness crisis, and must be addressed as part of a national commitment to end homelessness.
What do we mean by Affordable Housing?
The national definition used by the Canada Mortgage and Housing Corporation for ‘affordable housing’ is shelter (including rent or mortgage, property taxes and utilities) for which you pay no more than 30% of your gross income. The number of renters compared to homeowners is increasing throughout the province. However, rising land, materials and construction costs mean that the private sector has virtually stopped building affordable rental apartments. Canada’s rental vacancy rate has been below 3% for the past eight years, and since 2001, nearly half of all the country’s renters have spent 30% or more of their income on rent (Statistics Canada, 2008).
Why do we need more Affordable Housing?
Affordable housing is a lasting investment that benefits the whole community. Non-profit housing societies offer a valuable service to communities by providing options to those unable to access or afford housing on the private market. Enabling local non-profits to build housing creates a permanent stock of high quality, affordable housing where it is most needed. There is a proven link between health and housing, and by providing safe, stable places to live, non-profits also improve the health of the people they serve.
Why is Affordable Housing important to your community?
• People who live in affordable housing remain healthier, resulting in cost savings in health and social support services.
• Affordable housing helps create disposable income, which enables families to better participate in community life.
• Affordable housing helps seniors and people with disabilities maintain their independence.
Source: BC Non-Profit Housing Association