RS-01 – Affordable Rent and Home Ownership Limits for Calgary (Revised 2012 January 16)
Description:
For Calgary City Council, "affordable housing adequately suits the needs of low- and moderate-income households at costs below those generally found in the Calgary market. It may take a number of forms that exist along a continuum" including various rental options through to entry-level home ownership. Affordable housing projects are targeted to households with 65% or less of median household income in Calgary (City of Calgary, 2002: 18), meaning households with a before-tax income of less than $44,000 per year (Statistics Canada, 2007). The housing continuum is presented in Box 1, using updated terminology (City of Calgary, 2011a: A3; and Turner, 2011).
Type of Resource:
Research Summary
Publication Date:
2012
Location:
Calgary, Alberta, Canada