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 Canada's least affordable city.

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Driving Up the Cost of Living

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

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