Today StatCan released four more tables of data from the Canadian Housing Survey, all around the concept of Core Housing Need. Core housing need aims to measure housing stress based on affordability, suitability (crowding) and adequacy (disrepair). It applies to all households with shelter-cost-to-income ratio less than 100%, excluding non-family student-lead households, that aren’t able to afford an adequate and suitable home in their region. We want to give a quick overview what’s in the new data release.
At the end of this odd COVID-19 summer we launched a reading group to bring together people interested in diving into papers and books looking at housing issues. Geoffrey Meen and Christine Whitehead’s recently released book Understanding Affordability: The Economics of Housing Markets has been the group’s first read. We highly recommend the book, it’s a good read for anyone looking for a practical understanding of how housing markets work and ways to think about supply and demand and what they mean for housing affordability.