Home prices in Waterloo Region are now some of the least affordable in the world: The ratio of home prices to income in the region now stands at 8.0x, compared to just 3.3x at the end of 2005. [...] the rest of the decade’s average (25% versus 5%).25 14 Ownership status Pricing out prosperity No rental units available for those in the bottom 20% of earners in Waterloo Region: The vacancy rate for units affordable to the bottom 20% of renters was 0.0% in 2022, compared to 1.2% for the entire market (and 2.8% for those affordable to those with between the 60th and 80th percentile of household i. [...] As we note in the chart, 34% of new immigrants are living in overcrowded conditions.63 But we also estimate more than a third of all new arrivals in the region are living in overcrowded conditions and that the rate of overcrowding is similar for both internal migrants and external immigrants arriving between 2016 and 2021 If the majority of new (see pages 32 to 35 for a discussion of the relative. [...] Source: Statistics Canada, 2021 Census of Population.75 34 A new chapter: rising numbers of older adults leaving Waterloo Region More people leaving: Overall, there was a 23% increase in the number The older adult out-migration surge may have numerous of people leaving the region in the past five years in the 2021 Census consequences: Beyond the potential decline in the passing down of than in the. [...] impact the fabric of the community and its future direction and may contribute to the low sense of belonging in the community discussed Older adults are the ones most increasingly leaving the region in on pages 47 to 48.
- Pages
- 70
- Published in
- Canada
