Sustainable Development Goal (SDG) 11.1: Ensure access for all to adequate, safe and affordable housing.
Rental rates
Unit Type | Q3 - 2020 | Q3 - 2021 | Q3 - 2022 | Q3 - 2023 |
---|---|---|---|---|
Studio/Bachelor | $650 | $949 | $1,056 | n/a |
1-Bedroom | $1,065 | $1,197 | $1,350 | $1,513 |
2-Bedroom | $1,107 | $1,318 | $1,755 | $2,050 |
3-Bedroom | $1,458 | $1,767 | $2,308 | $2,775 |
Vacancy rate
As of June 2022, the vacancy rate in rental properties in PEC at 0.2% is the 4th lowest in Ontario and 9th across the country for rural communities. (Ontario Rental Association)
7% of all housing built in the last 25 years in rural municipalities has been rental housing. To remain on pace with demand this should have been 25% of all housing built in the last 25 years. (KPMG 2022)
Housing supports
Housing supports
PEC 2016 | PEC 2021 | ON 2021 | PEC 2023 | Source | |
---|---|---|---|---|---|
Tenant households in subsidized housing | 11.60% | 12.80% | 13.70% | -- | Stats Can |
Number of subsidized housing units | 244 (2018) | 242 | -- | 242 | PELA Social Services |
Waiting list for PEC subsidized housing units (households) | 230 (2018) | -- | -- | 433 | PELA Social Services |
Emergency housing units | 0 | 0 | -- | 0 | PEC Affordable Housing Corp. |
Homeless Point in Time count | 32 (2018) | 45 | -- | -- | PELA Social Services |
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