HomePage / Property & Development / Sustainability / Monitoring Strategy / City Plan Monitoring

Area of Impact

Housing

Indicator

Housing Affordability

Integrated Policy & Action Areas

C3.1

Community Safety & Security

C3.2

Affordable Housing

Reporting Period Data

Period Score
2006 71%
2011 69%
2016 73%
2021 76%

Sustainability End Goal

All residents spend no more than 30% of their household’s gross income on housing costs (rent or mortgage payments and strata fees).

Metric

Proportion of housed population with housing costs that do not exceed 30% of their income
100% of housed population with housing costs that do not exceed 30% of their income

How The Score Is Calculated

If the percentage of households in Nanaimo that spend no more than 30% of their income on shelter cost is 70%, the score would be 70%/100% = 70%.

Indicator Data

Total Housed Population with Housing Costs that do not exceed 30% of their Income and Target

Rationale and Analysis

Why We Measure This

Housing is essential for our health and wellbeing. In Canada, housing is generally considered “affordable” if it costs less than 30% of a household’s gross income. When residents can access affordable housing, they are able to use the rest of the income to improve their wellbeing. They can pursue employment and education opportunities that may otherwise not be possible.

How We Measure It

The City collects housing affordability data every 5 years from Statistics Canada.
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