Why is there a need for Affordable Housing?

Why is there a need for Affordable Housing?

Students

According to Statistics Canada, in 2011 the group between the ages of 20 years and 24 years made up the largest proportion of the population in Saskatoon.  As with other demographics, this group will continue to increase, and it will see one of the most significant increases. Specifically the student population in Saskatoon does not have proper access to affordable […]

Why is there a need for Affordable Housing?

First Time Home Buyers

First-time buyers, new entrants to the workforce, and low income singles and families generally require either housing that is considered to be ‘affordable’ housing or ‘entry-level’ housing. Generally speaking, a home is considered affordable if the monthly rent or payments amount to no more than 30 percent of the gross household income (as determined by the Canada Mortgage and Housing […]