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HomeMy WebLinkAboutPD-20-96THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON DN: LAND- INV.GPA REPORT Gi�f'11 Meeting: General Purpose and Administration Committee File # ILL—LILLS Date: Monday, February 5, 1996 Res. #( "� Report # Subject: GREATER TORONTO AREA RESIDENTIAL LAND INVENTORY SURVEY 1995 FILE: PLN 9.7 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report PD -20 -96 be received for information. 1. Purpose 11 The report presents the highlights of the 1995 Greater Toronto Area (GTA) Residential Land Inventory Survey Final Report results, which was received in December of 1995. 2. Background 2.1 The GTA Residential Land Inventory Survey was initiated by the Office of the Provincial Facilitator in January of 1993. The Survey was initiated to "get a good understanding of the state of the market" with regard to residential development. 2.2 The survey is conducted annually and is a cooperative effort by the Area and Regional Municipalities within the GTA, the Canada Mortgage and Housing Corporation and the Ontario Ministry of Municipal Affairs and Housing. Information on residential applications and building permit applications for the previous year is gathered by the staff at the local municipality in January and February. This information is forwarded to the Region for compilation into a regional database, which is in turn forwarded to the province. ....2 521 REPORT NO. PD -20 -96 PAGE 2 2.3 The 1995 Final Report is the second year such a report has been prepared. The survey provides a consistent and comprehensive GTA wide approach to gathering information on housing supply for 1994. This information can, in turn, be used by municipalities, the Province and development industry to monitor and analyze housing supply. 2.4 In order to avoid discrepancies between Municipalities, definitions for different unit types were provided by the Ministry to all area municipalities. Two definitions which require clarification are single family dwelling units and rowhouse units. Single family: For the purposes of this survey, single family dwelling units include dwelling units which are linked below grade. Staff typically lump this housing form with the semi - detached units based on the Municipality's zoning requirements. Rowhouse: Only includes townhouse or quadruplex units which are street oriented with individual access to the street. Other forms of townhouse developments which have a private road or are stacked townhouses (Other Multiples) are included in the apartments category. 3. Survey Highlights 3.1 The report provides a GTA wide housing outlook giving consideration to such issues as employment, affordability, migration and household formation. The report discusses housing supply based on lots in various stages of development applications approval process. Three absorption scenarios are identified to determine how long the current supply is expected to last. 3.2 The three demand scenarios are as follows: • Low Absorption - based on the average actual demand during 1993 and 1994 ....3 522 REPORT NO. PD -20 -96 PAGE 3 Medium Absorption - this scenario inflates the low scenario by 50% High Absorption - is based on population growth forecasts prepared by Hemson Consulting Ltd and the Coopers & Lybrand Consulting Group for the Office of the Greater Toronto Area. (The province has adopted this scenario as the regional growth rates for planning in the GTA) The report notes that the scenarios are not intended to be seen as forecasts of actual housing demand, but merely three possible outcomes for future housing demand. 3.3 GTA Summary A review of the total inventory for the entire GTA identifies a potential housing supply of 217,912 units as of January 1, 1995 in the various stages of the approval. The housing mix consists of the following: Singles 65,720 Semi - detached 9,202 Rowhouses 29,184 Apartment units 113,806 The 52% apartment units equalled over 113,000 units, 75% of this supply is concentrated in Metro and Peel Region. Although apartment units made up the largest part of the supply, single GTA Housing Supply 119rowhs.iuse ngles (30.2 %) apartments (52.2 %) semi (4.2 %) (13.4 %) detached dwelling units represented the greatest proportion of housing starts in 1994 at 59 %. W 523 REPORT NO. PD -20 -96 PAGE 4 Based on the three demand scenarios detailed above the duration of the overall housing supply in the GTA is estimated to be 5 to 11 years. 3.4 Durham Summary Durham has a potential housing supply of 39,166 units as of January 1, 1995. This represents approximately 18 % of the total GTA housing supply. The housing mix for the Region has more emphasis on the single detached dwellings, while the semi - detached and rowhouse units are similar to GTA figures: Singles 17,663 Semi - detached 2,510 Rowhouses 6,708 Apartment units 12,285 Durham's supply is similar to the trend in the balance of the GTA with singles accounting for 61% of all housing starts over the past five years. The 31.4% apartment units is equal to over 12,200 units. This included 1,990 Other Multiples. Durham Region Housing SuPPIY apartments (31.4%) rowhou se III 1- Housing supply for single family dwelling units varies from 3 to 9 years in high to low scenario respectively. Semi - detached units have the lowest supply at 1.4 years in a high scenario. Overall there is an estimated 4.5 to 12 year supply of housing for Durham Region between the high and low scenario. ..5 524 REPORT NO. PD -20 -96 PAGE 5 3.5 Clarington Summary As of January 1, 1995, the Municipality of Clarington has a potential housing supply of 6939 units. This represents 17.7% of the Durham Region supply and 3% of the GTA total. The Municipality's housing mix is somewhat similar to that of the Region, although the single family base is more dominant and the other categories are proportionately lower: Singles 4,391 Semi - detached 80 Row - houses 989 Apartment units 1,479 The singles category accounted for 79.1% of the total housing starts for the year ending January 1, 1995. Apartment units, which provided the second highest supply at 1148 units included 277 units described earlier as Other 525 HE REPORT NO. PD -20 -96 PAGE 6 Multiples. There were no starts in this category in 1994. Semi - detached units accounted for only 2.8 %, while rowhouses made up the remaining 18.1% of all housing starts. The estimated duration of overall housing supply in the Municipality varies from 3.8% in a high absorption scenario to 9.5 years in low scenario. Single detached dwellings represent the largest supply of units as of January 1, 1995 (4391). This number of units would be absorbed in a time frame of 3 to 15.7 years in a high to low scenario respectively. 3.6 Complete copy of the Greater Toronto Area Residential Land Inventory Report Survey is available in the Planning Department for review. Respectfully submitted, �l Franklin Wu, M.C.I.P., R.P.P., Director of Planning and Development CP *FW *cc Attach. January 29, 1996 Reviewed by, W. 4. Stockwell Chief Administrative Officer 526