What is affordable, adequate, suitable housing?
Canada Mortgage and Housing Corporation (CMHC) provides the following definitions:
Affordable: Housing costs less than 30% of before-tax household income.
Shelter costs include the following:
- For renters: rent and any payments for electricity, fuel, water and other municipal services;
- For owners: mortgage payments (principal and interest), property taxes, and any condominium fees, along with payments for electricity, fuel, water and other municipal services.
Adequate: Housing does not require any major repairs, according to residents. Major repairs include those to defective plumbing or electrical wiring, or structural repairs to walls, floors or ceilings.
Suitable: Housing has enough bedrooms for the size and make-up of resident households, according to National Occupancy Standard (NOS) requirements.