Unveiling key trends in Canada's housing sector, exploring vacancy rates, funding, and resident demographics to inform future policy decisions
The 2023 social and affordable housing survey results show a national vacancy rate of 3.1 percent, with extremes ranging from 0 percent in the Northwest Territories and Nunavut to 19 percent in Saskatchewan.
Common occupants of these housing units include families with children and seniors, alongside single individuals, and people with disabilities. Half of these residents receive support from government organizations, and 27 percent are assisted by non-profits.
Municipal governments primarily fund these housing units, with contributions also coming from other government levels and various organizations.
Notably, 15 percent of units lack a formal funding agreement. The trend data indicates an increase in the vacancy rate from 1.6 percent in 2019 to 3.1 percent in 2023, with the average rent for 2-bedroom units rising by about 17 percent.
Accessibility features in housing structures have improved, and the condition of many units has deteriorated, indicating a growing need for repairs.
The survey, covering over 595,000 units, shows significant geographical variations. Nearly half of the units surveyed are in major cities like Toronto, Vancouver, and Montréal, with other cities like Winnipeg and Calgary also hosting a substantial number.
Various types of organizations manage these units, including government agencies, non-profits, co-operatives, and private companies.
Funding agreements for rent support and operating deficits vary, with a significant percentage of units having no funding agreements. The survey reveals a diverse resident demographic, with a notable number of units occupied by individuals exiting homelessness or being immigrants and refugees.
Regarding the condition and age of housing stock, 50 percent of units are in excellent or good condition, although this varies by province. A significant proportion of units, especially older ones, are rated poorly, necessitating future repairs.
Accessibility remains a concern, with many buildings lacking features to aid mobility. The vacancy rate and rent levels vary significantly across the country, with household income being the primary factor in determining rents.
