Nipissing District Housing Needs, Supply & Affordability ... - dnssab

10-YEAR POPULATION & HOUSEHOLD FORECASTS, and AFFORDABLE
HOUSING TARGETS (NORTH BAY)
Based on a North Bay Report (C.N. Watson and Associates Ltd., 2006), North Bay’s
population is projected to grow by approximately 3.5% (1,960) people by 2016.
This growth is projected to occur in the general age-groups as follows:
General Age-Groups,
North Bay
Change,
2006-2016
Change,
ave. / year
Change,
2006-2016 %
Children (0-14) -54 -6 -0.5%
Youth (15-24) -1,029 -103 -13.1%
Core Earners (25-64) 1,785 179 5.9%
Senior Citizens (65+) 1,260 126 14.9%
Total 1,961 196 3.5%
Based on the above population projections and other household projections in the
same report above, the following household-growth projections have been made, by
general age-groups and tenure:
Household Growth for North Bay: 2006 - 2016
General Age Group 2006 - 2016 Average / year
Primary Household Owners Renters Total Owners Renters Total
Maintainer
Young Adults
(under 25)
-1 -5 -6 0 -1 -1
Core Wage Earners
(25-64)
605 354 959 61 35 96
Senior Citizens
(65+)
562 275 837 56 28 84
Total Households
1,166 624 1,790 117 62 179
Based on the above projections, the following affordable housing targets have been
calculated:
Affordable Housing Targets for North Bay: 2006 - 2016
Income Group 2006 - 2016 Average / year
Owners Renters Total Owners Renters Total
$0 - $19,999 N/A 465 465 N/A 47 47
$20,000 - $29,999 N/A 251 251 N/A 25 25
$30,000 – $45,000 340 N/A 340 34 N/A 34
Total Households 340 716 1,056 34 72 106
Nipissing District Housing Needs, Supply & Affordability Study, May 2008.
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