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Driving Up the Cost of Living
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Driving Up the Cost of Living

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When most people think of affordability they think of housing alone. But, transportation costs play a significant role. In our study, we look at both housing and transportation (H+T) affordability in …

When most people think of affordability they think of housing alone. But, transportation costs play a significant role. In our study, we look at both housing and transportation (H+T) affordability in Canada's least affordable city.

Published in: Education, Business, Real Estate

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  • 1. DRIVING UPTHE COST OF LIVINGA Study of Affordability in Greater Vancouver
  • 2. Defining AffordabilityAffordability is the ability to spend ourearnings on things we WANT as opposedto things we NEED
  • 3. Looking at AffordabilityOLD VIEW:Affordability = Housing Affordability<30 %of Earnings
  • 4. The ProblemURBAN  More Expensive  UNAFFORDABLESUBURBAN  Less Expensive  AFFORDABLE
  • 5. The ProblemURBAN  More Expensive  UNAFFORDABLESUBURBAN  Less Expensive  AFFORDABLE
  • 6. Looking at AffordabilityNEW VIEW:Affordability = Housing + TransportationAffordability<45 %of Earnings
  • 7. H+T Findings: ManhattanHousing Only Housing and TransportationAffordableUnaffordableAffordable
  • 8. H+T Findings: Los AngelesHousing Only Housing and TransportationUnaffordableAffordable
  • 9. Vancouver?
  • 10. Approach•  2006 Census DataHousing•  2006 Census Data•  2011 TranslinkTravel Survey Data(VKT)TransportationVancouverHousing andTransportationAffordabilityIndex
  • 11. Vancouver - ResultsHousing Only
  • 12. Vancouver - ResultsHousing and Transportation
  • 13. Vancouver - ResultsHousing and TransportationHousing Only
  • 14. Cause: TransportationTransportation > 15 %
  • 15. Finding #11.  Including Transportation Costs has aBIG effect on Affordability
  • 16. Finding #11.  Including Transportation Costs has aBIG effect on AffordabilityMORE AFFORDABLE LESS AFFORDABLE
  • 17. The 10 MOST Affordable1. Mt. Pleasant/GNW2. West End3. Metrotown4. Grandview-Woodlands5. Strathcona6. Broadway-Commercial7. West End8. Metrotown9. West End10. West EndVancouverBurnabyThe West End Metrotown
  • 18. The 10 LEAST Affordable1. Rosemary, South Surrey2. West Cloverdale3. Westwood Plateau4. West Bay5. Cypress Park6. Westwood Plateau7. East Newton North8. Heritage Mountain9. East Fleetwood10. British PropertiesSurrey Coquitlam West Vancouver Port MoodyRosemary Cypress
  • 19. Finding #22.  The MOST affordable areas centrallylocated, have great transit accessThe LEAST affordable areas are atthe periphery and have poor transitaccess
  • 20. Walkscore and AffordabilityWhatrelationshipexists betweenWalkability andAffordability?
  • 21. Transport Costs and Walkscore05101520250 10 20 30 40 50 60 70 80 90 100TransportationCost(%ofregionalmedianhouseholdincome)Walk ScoreGreater VancouverObserved Linear Regression
  • 22. Transport Costs and Walkscore05101520250 10 20 30 40 50 60 70 80 90 100TransportationCost(%ofregionalmedianhouseholdincome)Walk ScoreVancouverObserved Linear Regression
  • 23. Finding #33.  Walkable Communities necessitatelower transport costs and increaseaffordabilityWalkability = Transport Costs = Affordability
  • 24. Vanhattan or Hollywood North?Became Affordable: 9 AreasBecome Unaffordable: 49 Areas
  • 25. Finding #44.  Greater Vancouver’s affordabilitysituation is worse than we think
  • 26. Actual vs. Experienced Affordability(This is what CNT does)Actual Affordability is howaffordable an area ACTUALLY isActualAffordabilityHousing + TransportationMedian Income=
  • 27. Actual vs. Experienced AffordabilityExperienced Affordability is howinhabitants EXPERIENCE itExperiencedAffordabilityHousing + TransportationLocal Income=
  • 28. Actual vs. Experienced Affordability
  • 29. Actual vs. Experienced AffordabilityGreatest Concern
  • 30. Actual vs. Experienced AffordabilityVancouver
  • 31. Actual vs. Experienced AffordabilityBurnaby
  • 32. Actual vs. Experienced AffordabilitySurrey
  • 33. Actual vs. Experienced AffordabilitySurrey
  • 34. Actual vs. Experienced AffordabilitySurrey
  • 35. Regional Affordability: Housing Alone
  • 36. Regional Affordability: H+T
  • 37. Regional Affordability: Change
  • 38. Finding #55.  Improving Transit in the Suburbs(especially Surrey) would have theGREATEST benefit.Surrey Rapid TransitEvergreen Line
  • 39. How Wrong we Are
  • 40. How Wrong we Are
  • 41. Findings: Summary1.  Transportation Costs SIGNIFICANT2.  Central + Transit = AFFORDABLE3.  Walkable = AFFORDABLE4.  Greater Vancouver is LESS AFFORDABLE than wethink5.  Transit in Suburbs = GREATEST BENEFIT
  • 42. Recommendation #11.  Include Transportation Costs in theAffordability Equation+
  • 43. Recommendation #22.  Improve Transit across the region(especially in the suburbs)
  • 44. Recommendation #33.  Rezone for WalkabilityWalkability = Transport Costs
  • 45. Recommendation #44.  Educate the public, especially thosewith lower incomes of newAffordability picture>
  • 46. Recommendation #55.  Locate Social housing in walkablecommunities
  • 47. Recommendations: Summary1.  INCLUDE transport in affordability equation2.  Greatly IMPROVE transit service across region3.  REZONE for walkability4.  EDUCATE the public about Location Efficiency5.  LOCATE Social Housing in walkable areas withgood transit
  • 48. Thank You!