SLIDE 5 5
Downtown Residential: Population and Housing
Downtown Population and Housing Growth
19,112 15,441 9,265 10,836 8,677 4,770
10,000 15,000 20,000 25,000 2006 2021 2031 Population Housing Units
Housing Growth Projections
Citywide Housing Unit Growth - By Type
5,000 10,000 15,000 20,000 25,000 2008 2021 2031 S ingle Family Townhouse Low-Rise Apts High-Rise Apts
65% High Rise Apartment 26% Low Rise Apartment 5% Townhouse 4% Single Family Dwelling % of Projected Growth Housing Form Housing Unit Growth 2008 to 2031
Downtown Housing Growth
Downtown Housing Unit Growth by Type
2,000 4,000 6,000 8,000 10,000 2008 2021 2031 Single Family* Townhouse Low-Rise Apts High-Rise Apts *Single Family: In 2008, there were 40
units are forecast.
Affordable Housing
Draft AHS and the Downtown:
- Limit the loss of existing affordable rental housing (e.g., replacement policy)
- Use financial tools and incentives (i.e., Density Bonusing for affordable
housing)
- Support the development of a mix of housing products (i.e., more ground-
- riented housing; adaptable design)
12% Share of City purpose-built rental stock 15.9% DT purpose-built rental stock $48,773 Median hh income (2006) $31,000 Qualifying hh income to rent $770/month Average gross rent 59% Residential units owned 41% Residential units rented
Downtown Focus = Rental Housing
- Aging stock (all built between 1895 –
1977)
- Is a critical form of affordable
housing
Commercial
Livable City Strategy
Actions to create a strong Downtown:
- Build relationships with senior
governments to locate offices Downtown
- Promote the Downtowns assets such
as the riverfront, regional centrality, character and excellent transit, to
- ffice developers
- Enhance the Downtown’s role as an
arts/culture and visitor draw
From the Livable City Strategy (Economic Development Strategy)