Affordable Housing: Building Creston's Future

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Background

In recent years, Creston has witnessed significant demographic and housing changes, including an increased demand for affordable housing stock. The following overview presents key findings from 2006 to 2021, highlighting the trends in population growth and shifts in housing patterns, as detailed in the RDCK Housing Needs Assessment Report: Creston Community Summary (2020).

Population Growth in Creston:

  • 2006-2016: Population increased by 11%, reaching 5,351 individuals.
  • 2016-2021: Population grew by 4.1%, reaching 5,583 people.

Homeownership:

  • Increased by 3% from 2006 to 2016.
  • Breakdown by family type (2006-2016):
    • Families without children: +6% in homeownership.
    • Families with children: +17% in homeownership.
    • Singles/roommates: +12% in homeownership.

Rental Housing:

  • Increased by 38% from 2006 to 2016.
  • Approximately 27% of Creston's households are renters
  • Breakdown by family type (2006-2016):
    • Families without children: +22% in rentals.
    • Families with children: +35% in rentals.
    • Singles/roommates: +21% in rentals.

Housing Implications:

  • The increase in rental housing indicates a shift towards more families and individuals opting for or needing to rent.
  • Creston is facing a growing demand for affordable rental housing stock.

What is Affordable Housing?

For housing to be considered affordable, less than 30% of a household's before-tax income should be spent on shelter costs. If a household is spending more than 30% they are considered to be in Core Housing Need. When that threshold is adjusted to 50%, this is known as Extreme Housing Need.

Why Have Affordable Housing?

Affordable, quality housing is an essential social determinant of health. The quality, accessibility, and affordability of housing have significant short-term and long-term impacts on physical and mental wellbeing. Those experiencing housing insecurity face difficult decisions, including prioritizing heating and cooling their home, access to health care, access to nutritious food, and safety.


Check out this video narrated by Natasha, our Municipal Services Coordinator and Planner, to learn more!

Background

In recent years, Creston has witnessed significant demographic and housing changes, including an increased demand for affordable housing stock. The following overview presents key findings from 2006 to 2021, highlighting the trends in population growth and shifts in housing patterns, as detailed in the RDCK Housing Needs Assessment Report: Creston Community Summary (2020).

Population Growth in Creston:

  • 2006-2016: Population increased by 11%, reaching 5,351 individuals.
  • 2016-2021: Population grew by 4.1%, reaching 5,583 people.

Homeownership:

  • Increased by 3% from 2006 to 2016.
  • Breakdown by family type (2006-2016):
    • Families without children: +6% in homeownership.
    • Families with children: +17% in homeownership.
    • Singles/roommates: +12% in homeownership.

Rental Housing:

  • Increased by 38% from 2006 to 2016.
  • Approximately 27% of Creston's households are renters
  • Breakdown by family type (2006-2016):
    • Families without children: +22% in rentals.
    • Families with children: +35% in rentals.
    • Singles/roommates: +21% in rentals.

Housing Implications:

  • The increase in rental housing indicates a shift towards more families and individuals opting for or needing to rent.
  • Creston is facing a growing demand for affordable rental housing stock.

What is Affordable Housing?

For housing to be considered affordable, less than 30% of a household's before-tax income should be spent on shelter costs. If a household is spending more than 30% they are considered to be in Core Housing Need. When that threshold is adjusted to 50%, this is known as Extreme Housing Need.

Why Have Affordable Housing?

Affordable, quality housing is an essential social determinant of health. The quality, accessibility, and affordability of housing have significant short-term and long-term impacts on physical and mental wellbeing. Those experiencing housing insecurity face difficult decisions, including prioritizing heating and cooling their home, access to health care, access to nutritious food, and safety.


Check out this video narrated by Natasha, our Municipal Services Coordinator and Planner, to learn more!

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    Creston's Draft Housing Action Plan

    Interested in Creston’s housing challenges and potential solutions? Mark your calendar and join us online to hear a presentation about the draft plan, ask questions, and learn how you can provide feedback. The draft plan will be released for review the week of October 31st on this project page.

    Join us online:
    When: Wednesday, November 9th from 7:00 - 8:30pm
    Where: Click on this link to join the meeting https://creston.webex.com/creston/j.php?MTID=mfec8a77a47f503c77f97629a9a11bf37

    Can’t attend on November 9th? Stay tuned. There will also be an opportunity to provide feedback online after November 9th.
Page last updated: 31 Jan 2024, 03:01 PM