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Affordable by Design

Dr. Markus Moos, PhD MCIP RPP

Associate Professor

School of Planning

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Today

  • Introductions
  • What makes housing affordable, or not?
  • Trends in young adult housing decisions
  • Three exercises
    • Cost of location
    • Affordability for different kinds of households
    • Development finance
  • ‘Big’ take away – did you have any ‘aha moments’?�

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Introductions

Name

Where do you live?

How much does ‘this’ house cost?

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  • What determines the cost of housing?

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  • What makes a house or apartment affordable?

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  • Affordable housing is defined as ‘costing less than 30% of household income (before tax)’
    • Canada Mortgage and Housing Corporation

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  • Not the same as ‘social housing’
    • One type of affordable housing
    • Subsidized rental housing

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  • Why is housing becoming less affordable for young adults?

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$$$ / Income <= 30% (.3)��1. Prices have increased�2. Incomes have stagnated��And higher share of young adults are living in most expensive locations

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Perhaps we will see you again soon!�https://uwaterloo.ca/environment/future-undergraduate-students�