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Affordable housing in Canada refers to living spaces that are deemed financially accessible to households with a median household income.[1][2] Housing affordability is generally measured based on a shelter-cost-to-income ratio (STIR) of 30% by the Canada Mortgage and Housing Corporation (CMHC), the national housing agency of Canada. It encompasses a continuum ranging from market-based options like affordable rental housing and affordable home ownership, to non-market alternatives such as government-subsidized housing (emergency shelters, transitional housing, and public housing).[3] Canada ranks among the lowest of the most developed countries for housing affordability.[4]
- ^ Bhatta, Basudeb (15 April 2010). Analysis of Urban Growth and Sprawl from Remote Sensing Data. Advances in Geographic Information Science. Springer. p. 23. ISBN 978-3-642-05298-9.
- ^ "Real estate market: Definitions, graphs and data". www.bankofcanada.ca. Retrieved 4 April 2023.
- ^ "The National Housing Strategy Glossary of Common Terms". CMHC. 17 May 2022. Retrieved 10 June 2024.
- ^ "Prices - Housing prices". OECD. Archived from the original on 11 August 2022. Retrieved 14 August 2022.