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  • Ontario's middle and working class families are losing ground August 15, 2017
    Ontario is becoming more polarized as middle and working class families see their share of the income pie shrinking while upper middle and rich families take home even more. New research from CCPA-Ontario Senior Economist Sheila Block reveals a staggering divide between two labour markets in the province: the top half of families continue to pile […]
    Canadian Centre for Policy Alternatives
  • Join us in October for the CCPA-BC fundraising gala, featuring Senator Murray Sinclair August 14, 2017
    We are incredibly honoured to announce that Senator Murray Sinclair will address our 2017 Annual Gala as keynote speaker, on Thursday, October 19 in Vancouver. Tickets are now on sale. Will you join us? Senator Sinclair has served as chair of the Truth and Reconciliation Commission (TRC), was the first Indigenous judge appointed in Manitoba, […]
    Canadian Centre for Policy Alternatives
  • How to make NAFTA sustainable, equitable July 19, 2017
    Global Affairs Canada is consulting Canadians on their priorities for, and concerns about, the planned renegotiation of the North American Free Trade Agreement (NAFTA). In CCPA’s submission to this process, Scott Sinclair, Stuart Trew and Hadrian Mertins-Kirkwood point out how NAFTA has failed to live up to its promise with respect to job and productivity […]
    Canadian Centre for Policy Alternatives
  • What’s next for BC? July 4, 2017
    Five weeks ago the CCPA-BC began a letter to our supporters with this statement: “What an interesting and exciting moment in BC politics! For a bunch of policy nerds like us at the CCPA, it doesn’t get much better than this.” At the time, we were writing about the just-announced agreement between the BC NDP […]
    Canadian Centre for Policy Alternatives
  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
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Canadian Housing Observer 2010

In late-October, the Canada Mortgage and Housing Corporation released the Canadian Housing Observer 2010.  I’ve finally given it a thorough read and am struck by some of the statistics.

The MLS average price of a home in Canada has almost doubled in the past decade.  In 2000, the figure was just under $164,000.  By 2009, it was just over $320,000.  Perhaps not surprisingly, during this same period, residential mortage credit by lending institutions in Canada more than doubled, from just under $432 billion to just over $936 billion. (Numbers such as these led David MacDonald to argue in an August 2010 CCPA paper that Canada is experiencing a housing bubble; I’ve blogged about that here.)

In 2006, just under 13 percent of Canadian households were considered to be in “core housing need” (which usually means that they are paying more than 30 percent of gross monthly income on housing).  But the figure for Nunavut was just over 37 percent, by far the highest of any province or territory.  And just over 20 percent of Aboriginal households across Canada are in core housing need.

Finally, there are just over 49,000 units of band housing in Canada.  More than 47 percent of those units are in need of major repairs (while only 7.5 percent of all housing units across Canada are in need of major repairs).  Moroever, almost 15 percent of band housing units built in the past decade are already in need of major repairs, while the corresponding figure for all housing units built in Canada over the past decade is roughly one percent.

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