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Please use this identifier to cite or link to this item: http://hdl.handle.net/1974/6367

Title: Affordability of Purpose-Built Rental Housing for Young Adult Singles in Greater Vancouver CMA, 2006
Authors: Johnson, Tristan M.

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Keywords: Housing
Affordability
Issue Date: 2011
Abstract: This study examined the affordability of purpose-built rental housing for young adult singles (ages 18 to 29) in the Greater Vancouver CMA. The aim of the report was to determine the affordability of different types of rental units (bachelor, 1 bedroom, and 2 bedroom), as well as units within different sub-areas of the Greater Vancouver CMA, and affordability of units for young adult singles in different income quartiles. This was completed using two methodologies. Both methods utilized an 'ability to afford' approach. The first method calculated the rent to income ratio that young adult singles in different income quartiles would have to have spent in order to afford 'average rent' units of different types in different sub-areas. The second method calculated the percentage of young adult singles who could have afforded to rent different types of units in different sub-areas. Both methods used income data from the 2006 Canadian census and rent data from Canada Mortgage and Housing Corporation's 2006 rental market report for the Greater Vancouver CMA.
Description: The study found that sharing a 2 bedroom unit with 1 roommate was generally a more affordable option than living in a bachelor or 1 bedroom unit alone. Inner sub-areas and the central sub-area were found to be less affordable than the outer sub-areas in regards to rent. Finally, only the highest income young adult singles (those in the 4th quartile group) were able to afford most types of units in most sub-areas. The overall findings of the study were that young adult singles did not have high enough incomes to afford most types of purpose-built rental housing.
A report submitted to the School of Urban and Regional Planning in conformity with the requirements for the degree of Master of Urban and Regional Planning
URI: http://hdl.handle.net/1974/6367
Appears in Collections:Urban & Regional Planning Graduate Projects
Queen's Graduate Projects

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