Housing Affordability
We measure progress towards long-term outcomes by tracking key indicators for the Peel community.
Why is this important?
- The Region of Peel has a role to play in making sure our residents have safe, accessible, and affordable housing.
- Housing costs include mortgage payments or rent, heat, water, city services, property taxes, and condo fees.
- When housing costs are too high, people may not have enough money for other necessities, like food, clothing, and transportation.
- Households may choose to spend more on housing, while others may not have a choice.
- Low-income households and renters tend to have more difficulty meeting affordable shelter costs.1
How is this measured?
- Housing affordability is measured by the number of tenants or owners, who spend more than 30% of their household income on housing costs.
- The 2016 National Household Survey was used to obtain this data.
What progress are we making?
- The Region of Peel is the Service System Manager for Housing in Peel Region.
- We continue to work with community partners to increase safe, affordable, accessible, and appropriate housing by acting as the steward of the long-term Housing and Homelessness Plan for Peel Region.
1 Reference: Luffman J. Measuring housing affordability. Perspectives on Labour and Income. 2006;7(11):16-25. Statistics Canada catalogue no. 75-001-XIE. Available from: http://www.statcan.gc.ca/pub/75-001-x/11106/9519-eng.pdf