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City housing stats blaze trail
Sweep national categoriesGeoffrey Scotton
Calgary HeraldThursday, January 06, 2005
Calgary’s housing market led Canadian cities through the ’90s and into this decade, according to a new Statistics Canada report.
The statistic agency’s report shows that between 1996 and 2001 Calgary recorded Canada’s highest population growth, best income growth, highest household growth, best job creation and highest housing starts per capita.
At the same time, while both new and used housing prices have risen more sharply in Calgary than elsewhere among Canadian cities, increases in household income meant that home ownership actually became more affordable when shelter cost is compared to income.
Furthermore, between 1991 and 2001, the proportion of Calgary residents that owned homes rose the most of all Canadian municipalities, jumping 10 percentage points to 70.6 per cent.
«Certainly overall, Calgary came out on top in a lot of areas,» said Roger Lewis, senior researcher with Canada Mortgage and Housing Corporation, who helped author the report.
«It’s striking that it consistently came out on top on a lot of market-based housing and employment measures.»
However, the findings are hardly surprising to Mario Lefebvre, economist and director of the Conference Board of Canada’s Metropolitan Outlook, which tracks the economic performance of Canada’s major cities.
«Nothing surprises me about the Calgary economy anymore,» said Lefebvre. «It sounds very much in line with anything that I have seen about Calgary’s economy over the past decade and more . . . and it’s all inter-related.»
Lewis said he believes the city’s population growth of more than 20 per cent between 1996 and 2003 was among the key factors that stoked the housing market.
«I have a sense of what goes hand in hand,» said Lewis. «Calgary had fast-growing population and one reason for that was the job creation record was good,» he noted.
«You then had a lot of people moving to Calgary and forming households and households have to be housed . . . while income growth was strong.»
The report also suggests the number of renters and owners in the city living in housing deemed inadequate — either because of cost, capacity or state of repair — was below the national average.
At a Canada-wide level, the study found that during the second half of the ’90s there was significant improvement to housing conditions in the country’s 27 major urban areas, after a decline in the earlier part of the decade.
Nonetheless, about one in six Canadian households lived in so-called «core housing need,» whereby its housing was either too expensive related to income, not large enough to comfortably accommodate the members of the household or in a poor state of repair.
Home Ownership by City, 1991-2001
City 1991 2001
Calgary 60.6 70.6
Edmonton 59.2 66.3
Toronto 58.0 63.2
Halifax 58.9 61.7
Ottawa 55.9 61.7
Vancouver 57.5 61.0
Montreal 47.0 50.2
Source: Statistics Canada
This story features a factbox «Home ownership by city,1991-2001».
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