The Parsons at Brentwood Bay has added 40 units of affordable housing to Central Saanich following its opening in August. A new report before Central Saanich council calls for more affordable housing. (Photo Contributed)

The Parsons at Brentwood Bay has added 40 units of affordable housing to Central Saanich following its opening in August. A new report before Central Saanich council calls for more affordable housing. (Photo Contributed)

New housing report says Central Saanich families find it increasingly difficult to find housing

Central Saanich records rental vacancy rate of 0.6 per cent in 2019

A new report pegs Central Saanich’s vacancy rate at 0.6 per cent in 2019, below the range of three to five per cent considered healthy by experts.

These figures appear in the District of Central Saanich’s Housing Needs Report. The report prepared as part of new reporting requirements by municipalities to the provincial government make a case for more rental housing as well as more housing for seniors and individuals with disabilities.

According to the report, renter households are growing faster than owner households in Central Saanich, with the secondary rental market having absorbed most of the increase. Simply put, the community has not seen a significant increase in the supply of new rental housing.

80 per cent of all households in Central Saanich owned their own home in 2016, a drop of two per cent a decade before, with renters accounting for 18 per cent in 2006 and 20 per cent in 2020. By comparison, the ratio of owners and renters across the Capital Regional District was 66 to 34 per cent in 2006, 63 per cent to 37 per cent in 2016. In other words, Central Saanich reflects the regional trend toward more renters, albeit from a lower starting point.

If the share of renters is rising in Central Saanich as well as the Greater Victoria region, their means are not keeping up with those of home owners.

RELATED: Central Saanich adds affordable housing

RELATED: New report finds many Sidney residents struggle with housing affordability

Whereas the median household income of home owners rose by 9.3 per cent to $98,393 in 2016 compared to 2006, the median household income of renters rose by 8.3 per cent to $47,792 in 2016 compared to 2006. While significant gaps between the median household incomes of home owners and renters also exist across the region, they are relatively larger in Central Saanich.

Looking on the cost side, the report finds that the median rent has increased by 74 per cent between 2005 and 2019, while the average home sale price has risen 62 per cent for a single-family home and 110 per cent for a condo apartment during that period. Notably, the report does not distinguish by geography.

Central Saanich families with children appear hit hard by the community’s growing unaffordability. “Larger homes in Central Saanich are increasingly out of reach for families with children,” it reads, adding that single-detached homes are unaffordable for households earning the median income.

If stakeholders surveyed for the report call for more rental housing across the region, they also lament the lack of affordable and supportive housing units for seniors, especially options affordable for individuals on fixed incomes. This demand appears as Central Saanich is experiencing what the report calls “a relatively rapid aging trend” with the median age growing from 45.8 in 2006 to 50.4 in 2016.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sipili Molia, regional kettle manager, shows off the Salvation Army’s new contactless donation system for the 2020 Christmas Kettle Campaign outside municipal hall on Dec. 1. (Devon Bidal/News Staff)
VIDEO: Tech offers hope as Salvation Army sees need skyrocket across B.C.

Charity is equipping hundreds of kettles across B.C. with ‘touchless giving technology’

Kathy MacNeil, president and chief executive officer of Island Health, Dawn Thomas, acting deputy health minister and Island Health’s vice president, Indigenous health and diversity and Chief Don Tom of Tsartlip First Nation, stand out Saanich Peninsula Hospital Tuesday morning, when they also answered questions about a new report that “widespread systemic racism against Indigenous people” in the provincial health care system. (Island Health/Submitted)
Head of Island Health says Saanich Peninsula Hospital not part of racist guessing game

Tsartlip First Nations Chief Don Tom welcomes changes following report but promises future scrutiny

The Capital Regional District and the Habitat Acquisition Fund have agreed to partner on the purchase of the $3.4-million Mountain View Forest in Saanich to establish a new regional park. (Photo courtesy the Habitat Acquisition Trust)
CRD, Habitat Acquisition Trust to spend $3.4M on 20-hectare forest park in Saanich

Mountian Road Forest property to be conserved as regional park

Caroline Sousa, Bela Spick and her son Mateo marched along Prospect Lake Road in November 2019 to bring attention to the unsafe conditions on the road. (Black Press Media file photo)
Saanich reduces Prospect Lake Road speed limit to 30 km/h

New speed limit in effect as of Dec. 1 from Goward Road to Estelline Road

Royal Bay Secondary’s leadership class, comprised of Grade 9 through 12 students, is part of the student team organizing this year’s 10,000 Tonight event that shifts entirely online for 2020. (Aaron Guillen/News Staff)
West Shore student food drive shifts entirely online

Drive-thru option removed from 10,000 Tonight in light of COVID-19 restrictions

A tongue-in-cheek message about wearing a face mask to curb the spread of COVID-19 on a sign outside a church near Royal Columbia Hospital, in New Westminster, B.C., on Sunday, Nov. 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C.’s COVID-19 infection count climbs back up to 656

20 more people in hospital, active cases still rising

Dave Wallace coached the Parksville Royals for 23 years. (PQB News file photo)
B.C. baseball community mourns death of legendary Vancouver Island coach Dave Wallace

‘All who knew Dave and his passion for the game will miss him greatly’

THE CANADIAN PRESS/Nathan Denette
B.C. researchers launch study to test kids, young adults for COVID-19 antibodies

Kids and youth can often be asymptomatic carriers of the novel coronavirus

A sign is seen this past summer outside the Yunesit’in Government office west of Williams Lake reminding visitors and members to stay safe amid the COVID-19 pandemic. (Rebecca Dyok photo)
B.C. First Nation leaders await privacy commissioner decision on COVID-19 information

Release of life-saving data cannot wait, says coalition of First Nations

MLA Jennifer Whiteside is B.C.’s new minister of education. She is speaking out against Chilliwack school trustee Barry Neufeld and asking him to resign. (Black Press)
New education minister calls on Chilliwack trustee to resign

Whiteside echoes former minister’s promise to look at options to remove Barry Neufeld

Peter Beckett. ~ File photo
Supreme Court of Canada to decide if it will hear appeal in 2010 wife murder trial

Peter Beckett has stood trial twice for murder in connection with the death of his wife, Laura Letts-Beckett

Tabor Home in Abbotsford. (Ben Lypka/Abbotsford News)
B.C.’s largest COVID-19 care-home outbreak records 19 deaths, 147 cases

Tabor Home in Abbotsford has been battling outbreak since Nov. 4

Most Read