HomeMy WebLinkAboutPD-85-92 V"Z
THE CORPORATION OF THE TOWN OF NEWCASTLE
DN: HOUSING.GPA
REPORT
Meeting: General Purpose and Administration Committee File#
Date: Monday, April 6, 1992
Res #L
By-Law#
Report#: PD-85-92 File#: ___PJZL_J_J_ 1
Subject: ANNUAL HOUSING REPORT 1991
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. THAT Report PD-85-92 be received;
2 . THAT a copy of this report be forwarded to the Region of Durham
Planning Department, the Separate and Public School Boards, and the
Ministry of Housing.
3 . THAT developers be required, as a condition of draft approval, to
provide the Town Planning Department with information on home sales
including lots, sizes, floorspace and selling prices.
1. The Provincial Land Use Planning for Housing Policy Statement
requires municipalities to monitor how the provisions of the Policy
Statement are being achieved. In this regard, Staff have prepared
the 1991 Town of Newcastle Annual Housing Report which is attached
to this report. An executive summary is included at the beginning
of the Report
2 . In order to monitor residential activity and more specifically, to
monitor whether or not the Town of Newcastle is meeting its
affordability targets, it is necessary for Staff to collect
information regarding home sales including lot sizes, floorspace
and dwelling prices. It became clear while preparing the 1991
Annual Housing Report that it was not possible to accurately
monitor the supply of affordable housing because Staff did not have
enough information. Consequently, Staff is recommending that as
part of the conditions of draft approval, developers will be
c)
REPORT PD-85-92 PAGE 2
required to supply this information prior to receiving final
approval and after construction has begun.
3 . This information will be kept strictly confidential and will be
used for the purposes of preparing the Annual Housing Report and
to monitor the supply of affordable housing.
Respectfully submitted, Recommended for presentation
to the Committee
A�6 ,Dv
Franklin Wu, M.C.I.P. Lawrence
Director of Planning Chief Ad i 4Kotseff
strative
and Development Officer
TH*DC*FW*ld
*Attach
INTERESTED PARTIES TO BE NOTIFIED OF COUNCIL AND COMMITTEE'S DECISION:
Darlene Mahyr-Richardson
Ministry of Housing
Central Region Housing
Programs Office
Madison Centre
WILLOWDALE, Ontario
M2N 6K1
Paul Brace, Manager
Transportation Planning
Northumberland and Newcastle
Board of Education
834 D'Arcy Street North
Box 470
COBOURG, Ontario
K9A 4L2
Ken Kary
Supervisor of Planning and Assessment
Peterborough, Victoria, Northumberland
and Newcastle Separate School Board
459 Reid Street
PETERBOROUGH, Ontario
K9H 4G7
The Town of Newcastle
.,�h.
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M OBI
TABLE OF CONTENTS
1. INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.1 Outline of the 1991 Annual Housing Report . . . . . . . . . . 1
2. ECONOMIC INDICATORS . . . . . . . . . . . . . . . . . . . . . . . . 1
2.1 Labour Force . . . . . . . . . . . . . . . . . . . . . . . 1
2.2 Unemployment Rate . . . . . . . . . . . . . . . . . . . . . . 4
2.3 Interest Rates . . . . . . . . . . . . . . . . . . . . . . . 4
3. RESIDENTIAL DEVELOPMENT ACTIVITY . . . . . . . . . . . . . . . . . 6
3.1 New Residential Units Created. . . . . . . . 6
3.2 Number of New Residential Units Created by Geographic
Location . . . . . • . . . . . . . . . . . . . 6
3.3 Future Location ofResidential Units . . . . . . . . . . . . 8
3.4 Value of New Residential Construction (1987-1991) . . . . . . 8
3.5 Various Dwelling Types Created . . . . . . . . . . . . . . . 9
3.6 Residential Demolition Activity . . . . . . . . 11
3.7 Housing Starts For Selected Municipalities in the Greater
Toronto Area . . . . . . . . . . . . . . . . . . . . . . . . 11
4. HOUSING SUPPLY . . . . . . . . . . . . . . . . . . . . . . . . . . 12
4.1 Housing Supply by Status of Approval . . . . . . . . . . . . 12
4.2 Housing Supply by Housing Type . . . . . . . . . . . . . 13
4.3 Comparison of Housing Supply and Demand . . . . . . . . . . . 15
5. LOCAL HOUSING MARKET . . . . . . . . . . . . . . . . . . . . . . . 17
5.1 Housing Prices . . . . . . . . . . . . . . . . . . . . . . 17
5.2 Resale Activity . . . . . . . . . . . . . . . . . . . . . . 19
5.3 Housing Completions By Tenure. . . . . . . . . . . . . . . . . 20
5.4 Housing Starts by Tenure . . . . . . . . . . . . . . . . 21
5.5 Vacancy Rates and Average Rents . . . . . . . . . . . . . . . 22
5.6 Rental Outlook . . . . . . . . . . . . . . . . . . . . . . . 22
6. ASSISTED HOUSING . . . . . . . . . . . . . . . . . . . . . . . . . 23
6.1 Assisted Housing Projects in Process . . . . . . . . . . . . 24
7. CONCLUSIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
8. APPENDIX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
111
P, j � I U
INDEX OF TABLES Page
Table 1 Labour Force and Unemployment Rate Oshawa
Census Metropolitan Area (C.M.A. ) 2
Table 2 Interest and Exchange Rate (at Month's End) 5
Table 3 New Residential Units by Geographic Location 7
Table 4 Various Dwelling Types Created (1987 - 1991) 9
Table 5 Residential Demolition Activity
1987 - 1991 (Number of Dwelling Units) 11
Table 6 1990 and 1991 (January to December) Housing
Starts for Single and Multiple Units in
Selected Parts of the Greater Toronto Area 12
Table 7 Town of Newcastle Housing Supply
Year End 1991 14
Table 8 Town of Newcastle Comparison of Short
Term Supply and Demand 16
Table 9-15 Housing Prices for Various Housing Types 17- 19
Table 16 Resale Activity - Oshawa and District
Real Estate Board 20
Table 17 Housing Completions by Tenure (January-
October 1990 - 1991) 21
Table 18 Housing Starts by Tenure (January -
October 1990 - 1991 21
Table 19 Vacancy Rates and Average Rents by Bedroom 22
Type - Oshawa C.M.A. , October 1990, 1991
Table 20 Assisted Housing Units by Area Municipality 23
Table 21 Town of Newcastle Assisted Housing Projects
and Number of Units by Type of Program 24
iv
INDEX OF FIGURES Page
Figure 1 Labour Force Oshawa C.M.A. 1990-1991 3
Figure 2 Unemployment Rate Oshawa C.M.A. 1990 - 1991 3
Figure 3 Bank Rate/ 3-Yr. Mortgage Rate Monthly, 1990-91 5
Figure 4 No. of New Residential Units Created (1987 - 1991) 6
Figure 5 New Residential Units by Geographic
Location (1987 - 1991) 7
Figure 6 New Residential Units Year End 19910 8
Figure 7 Value of New Residential Construction (1990-91) 8
Figure 8 Various Dwelling Types Created
Approved & Proposed, Year End 1991 10
Figure 9 Approved Development Applications
By Approval Status 13
V
EXECUTIVE SUMMARY
The major findings of the 1991 Town of Newcastle Annual Housing
Report are as follows:
• In 1991, the unemployment rate for Whitby/Oshawa/Newcastle
averaged 9 . 5% in 1991.
• The employed labour force averaged 99, 000 in 1991.
• Interest rates and bank rates declined to their lowest
levels in 20 years. At year end, the Bank Rate was 8. 98
percent and the 3 year Mortgage Rate was 9.57 percent.
• The total number of new residential units created in 1991
amounted to 782 , representing a 31.8% increase from a year
earlier. In the last five years, the total number of new
residential units created was 5719, an average of 1144 units
annually.
• The value of residential construction in the Town of
Newcastle increased to $77 . 41 million representing a 10. 1%
increase from the previous year.
• There has been a significant shift in the types of housing
being constructed in the Town of Newcastle. Prior to 1990,
the predominant form of housing constructed was single
detached units. In 1991, the predominant form was semi-
detached/link units comprising 39% of all dwelling units.
This latter form of housing became predominant due to
activity by first time homebuyers, a key component to the
housing market over the past year.
• The trend for compact housing will likely continue. Much of
the approved and proposed developments is of a more dense
housing form. Only 38% of the proposed housing stock is
single detached, whereas 22% of proposed units are semi-
detached/link dwellings, 24% are townhouses; and 16% are
apartment units.
• Twenty-six single-detached units were demolished in 1991.
• The Town of Newcastle had 25. 3% of all housing starts in
Durham Region.
i
• At year end 1991, the Town of Newcastle had a potential
housing supply of 17,414 units consisting of existing lots,
approved applications or applications under review. In
other words, the approved and proposed applications would
supply residential units for the next 16 years and generate
a population of approximately 53, 000 persons, effectively
doubling the current population.
• At year end 1991, the Town of Newcastle had a total of 6,904
residential units which had some form of approval. On the
basis of growth for the last five years, this amounts to a
6. 2 year supply of residential units.
• The Town had 1, 295 vacant lots in registered plans of
subdivision and 4, 280 residential units in draft approved
plans of subdivision. Approximately 1, 329 residential units
were approved by the Town through rezoning or plans of
subdivision in 1991.
• The average price of a detached bungalow, standard two-
storey and standard townhouse in the Oshawa C.M.A. was as
follows: detached - $145, 000; standard two-storey -
$144, 000; and, standard townhouse - $108, 000. Prices have
dropped to the lowest level since March 1988 .
• The completions of new private rental units in the Oshawa
C.M.A. increased during 1991. Housing starts of private
rental units declined considerably, while the starts of
assisted rental units increased.
• The reported vacancy rate for rental housing in the Town of
Newcastle was 3 . 4%. Average rents for 1, 2, and 3-bedroom
units were $564, $630 and $609 respectively.
• Assisted housing proposals have been submitted which would
create 236 units (208 townhouse units, 26 apartments, 2
semis) . These proposals include a total of 13 barrier-free
units for the physically handicapped.
ii
1
ANNUAL HOUSING REPORT - 1991
1. INTRODUCTION
The lack of affordable housing, particularly in the Greater Toronto
Area, was identified as a key problem in Ontario during the late 1980'x.
As vacancy rates plummeted and housing prices escalated, the Province of
Ontario focused on the municipal land use planning process as a
mechanism to create affordable housing opportunities throughout Ontario.
In July 1989, the Province of Ontario approved a Policy Statement on
Land Use Planning for Housing whose primary objective was to provide for
a sufficient supply of housing which is affordable, accessible and
appropriate for the households of Ontario. The Policy Statement
identified a number of priority areas, (including the Town of Newcastle)
which were required to implement the Policy Statement.
The Provincial Land Use Planning for Housing Policy Statement requires
municipalities to examine their Official Plans to determine if changes
are required. It also requires municipalities to monitor how the
provisions of the Policy Statement are being achieved. In this regard,
Staff is currently in the process of preparing housing policies for
adoption in the Official Plan. Staff has also prepared a housing
monitoring report which is the subject of this report. In future, Staff
will be preparing an Annual Housing Report to monitor housing activity
and to recommend any need for policy changes.
1.1 Outline of the 1991 Annual Housing Report
The 1991 Annual Housing Report has been prepared to provide a summary of
various forms of housing activity that occurred within the Town of
Newcastle during the past year. The report is organized in the
following format. Section 2 examines economic indicators that play an
important role in determining housing demand and supply. Section 3
focuses on specific residential activity such as new construction,
demolition activity and housing absorption. Section 4 profiles the
current Newcastle housing supply by examining the housing starts and
year end housing supply. Section 5 provides a picture of the local
housing market including housing prices, resale activity, housing
completions, vacancy rates and average rents. The final section focuses
on assisted housing projects.
This report has been prepared by the Strategic Planning Branch of the
Department of Planning and Development. Any questions related to its
contents should be directed to the Strategic Planning Branch (416)623-
3379.
2. ECONOMIC INDICATORS
Economic indicators such as, the unemployment rate, interest rates, and
exchange rates play an important role in determining housing demand and
supply.
2.1 Labour Force
Table 1 and Figure 1 presen employment data for the Oshawa Census
Metropolitan Area (C.M.A. ) . During the first four months of 1991, the
Oshawa Census Metropolitan Area (C.M.A. ) is comprised
of Whitby, Oshawa, and Newcastle.
J
2
total labour force (all employed and unemployed workers) remained
constant at 105,000. The total increased to 112,000 persons in July,
and then dropped slightly to 108,000 persons in August and once again
increased to 116,000 persons in December.
The number of workers actually employed in the labour force followed a
fairly similar fluctuation pattern as the total labour force did. In
January 1991, the employed labour force amounted to 100,000 which then
decreased to 96,000 in May and June, and then rose steadily to 103,000
by December. Overall for 1991, the employed labour force averaged at
99,000 persons.
TABLE 1
LABOUR FORCE AND UNEMPLOYMENT RATE
OSHAWA CENSUS METROPOLITAN AREA (C.M.A.)
LABOUR FORCE (0001S) UNEMPLOYMENT RATE
MONTH 1990 1991 1990 1991
Total Employed Total Employed
Labour 1 Labour 2 Labour Labour
Force Force Force Force
January 107 102 105 100 4.8 8.0
February 107 103 105 98 5.5 9.3
March 108 103 105 97 6.0 10.4
April 105 103 105 96 6.2 11.5
May 108 102 106 96 6.4 10.9
June 109 101 108 96 6.5 10.2
July 108 100 112 97 6.8 9.9
August 112 99 108 97 7.5 9.5
September 109 99 113 99 7.8 9.0
October 110 100 111 101 7.7 8.1
November 110 101 114 103 7.5 8.4
December 109 100 116 103 7.7 9.0
AVERAGE ]E109 101 109 99 6.7 [: 9.:5::]
Source: Bank of Canada, CMHC, Statistics Canada
Note: Employment and Unemployment figures are
seasonally adjusted
1. Total Labour Force refers to the total number of persons who are in the
labour market, employed or unemployed.
2. Employed labour force refers to full-time and part-time workers,
excluding persons on lay-off.
3. Unemployment rate refers to the unemployed labour force expressed as a
percentage of total labour force. Unemployed labour force refers to
persons who:
i) are without work and are actively looking for work and are
available for work; or
.. ii) are on lay-off and expect to return to their job; or
iii) have definite arrangementp to start a new job.
n
3
Figure 1 ; Labour Force Oshawa C . M. A .
1990 - 1991
120
—F—
Total
115
Employed
110
q
9
L 105
F-
v
q
0 100
H
95
90
J I M A M J J A S D N D 9 M A M J J A S 0 N D
Month
Figure 2 ; Unemployment Rate Oshawa
C .M .A . [ 1990 - 1991D
14.0
12.0
Rate [fG]
10.0
8.0
u
6.0
4.0
2.0
0.0
J 9F M A M J J A 6 0 N D 9F M A M J J A S D N D
Month
Sources: CMHC Local Housing Market Report, Statistics Canada
Prepared by Town of Newcastle Planning Department
F,
4
2.2 Unemployment Rate
As shown by Table 1 and Figure 2, the unemployment rate in 1991 started
at 8.0% in January, peaked at 11.5% in April and then fell to 9.0% by
year end. Overall the unemployment rate was 9.5% for 1991 compared to
6.7% for 1990. The increase in the unemployment rate during the latter
part of 1990 and early 1991 was largely attributed to wide spread lay-
offs (particularly in the automotive industry) , plant closures/shutdowns
and business bankruptcies.
A recent employment outlook survey3 of employers in the Region reveals
that for the first quarter of 1992, approximately 62% of employers
indicate that they have no plans to alter their number of staff;, 10%
state that they have plans to hire new employees; 18% expect to reduce
staff; and 10% are uncertain of their hiring intentions during the same
period.
While the Oshawa C.M.A. did have a peak unemployment rate of 11.5% in
April, the employment situation marginally improved in recent months.
However, the future employment situation is still unsure since the
automotive sector is experiencing difficulty.
A large number of people from Oshawa and Newcastle4 are employed in the
automotive sector, particularly General Motors. General Motors recently
announced a number of plant closures for North America and fortunately
for the Oshawa C.M.A. , the Oshawa plant was spared. Despite this
reprieve, Oshawa may still be faced with layoffs and possibly a plant
closure in the future.
2.3 Interest Rates
Prior to 1991, mortgage rates and interest rates were unattractively
high, producing a negative effect on housing demand and affordability.
Interest rates play a major role in determining housing affordability.
For each 1% increase in interest rates, an additional 2.0% increase in
household income must be allocated to accommodation costs.
Table 2 and Figure 3 indicate that interest rates and mortgage rates
decreased over the past year and a half. Mortgage rates are at their
lowest levels in 20 years which should help to stimulate the housing
market. The housing market will also be boosted by two announcements
made in early 1992 by Canada Mortgage and Housing Corporation (CMHC) and
the federal government.
CMHC unveiled a plan to guarantee 95% financing for first time home
buyers. This plan allows first time home buyers to put a 5% down
payment on the purchase of a home. First time homebuyer activity should
be further stimulated by the federal government's plan to allow
homebuyers to use their Registered Retirement Savings Plan (RRSP)
contributions (maximum $20,000) per individual to purchase a home. This
plan is only in effect for one year and the money must be paid back to
the RRSP in fifteen years.
2 The Department of Consumer and Corporate Affairs
reported 50 bankruptcies at the end of December 1990
and 66 bankruptcies at the end of 1991.
3 Manpower Temporary Services, Employment Outlook Survey,
December 3 , 1991, Oshawa Office.
4 Approximately 2, 815 Newcastle residents are employed by
General Motors.
5
The combination of lower interest rates, recent government initiatives
and some of the lowest housing prices in the Greater Toronto Area,
should help to stimulate further growth and development in the Town of
Newcastle. Despite the uncertainty surrounding General Motors, many of
the new residents moving to the Town of Newcastle are not employed by
General Motors.
TABLE 2
INTEREST AND EXCHANGE RATE (AT MONTH'S END)
1990 1991
Bank Mtge. Rate Bank Mtge. Rate
Rate 3 Yr. Rate 3 Yr.
MONTH Inst. Inst.
January 12.29 12.02 10.73 12.25
February 13.25 12.42 9.97 11.69
March 13.51 12.93 9.92 11.47
April 13.80 13.67 9.49 11.26
May 13.92 14.27 9.06 11.04
June 13.90 14.26 8.90 11.00
July 13.48 14.20 8.94 11.00
August 12.92 13.85 8.78 10.99
September 12.65 13.53 8.59 10.89
October 12.66 13.23 8.04 10.52
November 12.26 13.10 7.66 9.95
December 11.72 12.50 7.67 9.57
AVERAGE 13.03 13.33 8.98 10.97
Figure 3 : Bank Pate/ 3-Yr . Mortgage
Rate Monthly, 1990 - 1991
16.00
14.00 3 Yr. Rate
t
12.00 Bank Rate
10.00
rA
v
y B.DO
6,00
4.00
2.00
0,00
J F M A M J J A S O N O J F M A M J J A S O N O
Month
Source: Bank of Canada, CMHC, Statistics Canada
6
3. RESIDENTIAL DEVELOPMENT ACTIVITY
3.1 Number of New Residential Units Created
The number of new residential units created during the period 1987 to
1991 is presented in Figure 4. Following a decrease in the number of
residential units created in 1990, the construction industry rebounded
slightly and created 782 units in 1991. This represents a 31.8%
increase from the 594 units created in 1990.
Figure 4 : No , of New Residential Units
Created 01987 - 19911
2100
180D
1582
1501 402
1359
E 1200
900
782
0
x 60D 594
300 Affim
D
1987 1989 1991
1988 1990
Year
Source: Town of Newcastle, Planning and Development Department
Monthly Permit Reports (1987 - 1991)
3.2 Number of New Residential Units Created by Geographic Location
The total number of new residential units created during the period 1987
to 1991 was 5719 (see Table 3) . Bowmanville gained an average of 306
new housing units per year, while Courtice and Newcastle Village gained
an average of 512 units and 136 units respectively.
In the rural areas, Wilmot Creek Retirement Community gained an average
of 50 units per year while the hamlets and other areas (former townships
of Darlington and Clarke) gained 34 units and 104 units respectively.
The total number of residential building permits issued for the entire
Town averaged 1,144 housing units per year since 1987.
ark � 0
7
TABLE 3
NEW RESIDENTIAL UNITS BY GEOGRAPHIC LOCATION
1987 1988 1989 1990 1991 TOTAL
URBAN AREAS
Bowmanville 365 347 181 199 440 1,532
Courtice 670 633 697 305 255 2,560
Newcastle Village 26 317 262 28 49 682
Subtotal. . . 1,061 1,297 1,140 532 744 4,774
RURAL AREAS
Wilmot Creek 137 64 42 6 2 251
Hamlets 48 54 51 11 9 173
Other 156 167 126 45 27 521
Subtotal. . . 341 285 219 62 38 945
TOTAL 1,402 1,582 1,359 594 782 5,719
Overall, during the five year period between 1987 and 1991, the rural
areas saw substantial growth (13.5%) , while the hamlets saw only a small
percentage (3.0%) . In the urban areas, approximately 45% of the new
residential units created were in the Courtice area (see Figure 5) .
Although Bowmanville is the major urban centre, it acquired only 27% of
new residential units. However, in 1991, a shift occurred and
Bowmanville received 56% of all new residential units and Courtice
received only 33%.
Figure 5 : New Residential Units By
Geographic Location 1987 - 1991
Courtfce (45%)
Other (9%)
Hamlete (3%)
WTImt Creek (0)
BowmafwIIle(27%)
Newcastle Village(1296)
Source: Town of Newcastle Planning & Development Department
8
3.3 Future Location of Residential Units
In terms of the future, Bowmanville will be the dominant centre for
residential growth (see Figure 6) . of all units approved or proposed,
55% are located in Bowmanville, totalling 9594 residential units.
Courtice ranks second, hosting 25% of new residential units approved or
proposed; a total of 4354 residential units. Newcastle Village hosts
17% of new residential units approved or proposed, whereas Hamlets and
rural areas will accommodate very few residential units (3%) .
Figure 6 ; New Residential Units
Year End 1991
soon
Approved
5000
n
Proposed
4000
0
� 3000
w
* 2000
'c
1000
0
BowrnanvlI I Nll"Waotle VII.agqe
Courtice Ha051Bt6/RUral
C,QoWaph 1 c Area
Source: Town of Newcastle Planning & Development Department
3.4 Value of New Residential Construction (1987-1991)
As shown by Figure 7, the value of residential construction in the Town
of Newcastle decreased from $225.02 million in 1989 to $70.31 million in
1990 and then increased to $77.41 million in 1991. The increase from
1990 to 1991 amounted to 10.1%.
Figure 7 ; Value of New Residential
Construction (1987-1991)
250
225.02
200
n 162.11
150
— 112.87
100
70.31
77.41
50 M F///7///q F////M
0
W-
1987 1988 1989 1990 1991
Year
Source: Town of Newcastle Planning & Development Department
9
3.5 Various Dwelling Types Created
There has been a significant shift in the types of dwellings which have
been built. Prior to 1990, most of the buildings created were single
detached dwellings. In 1991, 39% of all new units were semi-detached/
link housing units, 23% were townhouse units, and only 37% were single
detached units (see Table 4) .
Overall the trend in housing has been to increased density of housing
types. This trend is largely due to increased demand for affordable
housing; however other factors such as declining household sizes and
increasing elderly population may be significant.
TABLE 4
VARIOUS DWELLING TYPES CREATED
(1990-1991)
1990 1991
Single Detached 257 293
Semi-detached/Link 196 308
Townhouse 128 179
Multiple 7 0
Mobile 6 2
TOTAL 594 782
Source: Town of Newcastle Planning and Development Department
* Townhouse units and single mobile units were classified
under multiple during the years 1987, 1988, 1989.
This trend will continue as evidenced by Figure 8, which indicates
that housing stock in the approved and proposed developments is of
a more dense housing form. More specifically, only 38% are single
detached dwellings; 22% are semi-detached/link dwellings; 24% are
townhouses; and, 16% are apartment units.
�1 � 27
10
Figure B ; Various Dwelling Types
Created ( 1990 - 1991)
Singles (40%)
Mobile(0%D
Multiples (1%)
Seim/Links (37%)
Townhouses (22%)
Approved & Proposed, Year End 1991
Singles (3B%)
Seml/Links (22%)
Apartments (16%)
Townhouses (24%J
Source: Town of Newcastle Planning & Development Department
11
3.6 Residential Demolition Activity
Table 5 shows the number and type of dwelling units demolished in
the Town of Newcastle between 1987 and 1991. There were 26
single-detached units demolished in 1991 compared to 24 detached
units and 1 semi-detached unit in the previous year. Demolitions
have occurred primarily in urban areas. The increase in
demolitions in recent years is attributed to commercial and
residential redevelopment of existing properties.
TABLE 5
RESIDENTIAL DEMOLITION ACTIVITY
1987-1991 (NUMBER OF DWELLING UNITS)
HOUSING TYPE 1987 1988 1989 1990 1991
Detached Dwelling 9 16 11 24 26
Semi-detached Dwelling 0 0 0 1 0
Row Housing 0 0 0 0 0
Apartment 0 0 2 0 0
TOTAL 91 16 13 25 26
Source: Town of Newcastle Planning and Development Department
Monthly Building Reports 1987-1991
3.7 Housing Starts For Selected Municipalities in the Greater Toronto
Area
Housing starts refer to units where construction has advanced to a
stage where full (100%) footings are in place. In the case of
multiple unit structures, this definition of a start applies to
the entire surface.
As presented in Table 6, the Greater Toronto Area experienced a
2.5% increase in housing starts for both single and multiple
units. Durham Region experienced a higher increase of 5.1%. In
comparison to Durham Region, the Town of Newcastle experienced an
-1.6% decline in housing starts, while the Town of Ajax
experienced a increase of 46%. The City of Oshawa had a
decrease of 1.0%, while the Towns of Whitby and Pickering posed
increases of 44.6% and 31.2% respectively. In 1991, the Town of
Newcastle had housing starts that consisted of 532 singles/links
and 208 multiples.
Collectively the municipalities of Newcastle (25.3%), Whitby
(32.1%) and Pickering (16.7%) accounted for approximately 72% of
the housing starts for single units in the Region of Durham.
These same municipalities accounted for about 57% of the housing
starts for multiples in Durham Region with Newcastle, Whitby and
Pickering reporting percentages of 11.1%, 37.2%, 8.3%
respectively.
12
TABLE 6
1990 AND 1991 (JANUARY TO DECEMBER) HOUSING STARTS FOR
SINGLE AND MULTIPLE UNITS IN SELECTED PARTS
OF THE GREATER TORONTO AREA
Area Single Units Multiple Units Total
1990 1991 Change 1990 1991 Change 1990 1991 Change
Greater
Toronto
Area 8,518 10,731 26.0% 12,713 11,022 -13.3% 21,231 21,753 2.5%
Metro-
Toronto 1,057 702 -33.6% 5,865 3,602 -38.6% 6,922 4,304 -37.8%
York Region 2,583 3,401 31.7% 2,202 1,826 -17.1% 4,785 5,227 9.2%
Peel Region 1,966 3,721 89.3% 2,112 2,019 - 4.4% 4,078 5,740 40.8%
Halton
Region 543 805 48.3% 1,120 1,702 52.0% 1,663 2,507 50.8%
Durham
Region 2,369 2,102 -11.3% 1,414 1,873 32.5% 3,783 3,975 5.1%
Newcastle 577 532 - 7.8% 175 208 18.9% 752 740 - 1.6%
Oshawa 99 177 78.8% 388 305 -21.4% 487 482 - 1.0%
Whitby 554 676 22.0% 396 698 76.3% 950 1,374 44.6%
Ajax 765 250 -67.3% 272 353 29.8% 1,037 603 41.9%
Pickering 207 352 70.0% 181 157 -13.3% 388 509 31.2%
Source: Canada Mortgage and Housing Corporation (CHMC)
Local Housing Market Report Toronto Branch, December 1990
* Singles - includes single family detached units and
link dwellings joined below grade
* Multiples - includes all other dwellings
4. HOUSING SUPPLY
4.1 Housing Supply by Status of Approval
At year end 1991, there were a total of 6904 residential units
which had some form of approval (see Figure 9) . Of these units,
1295 represents vacant lots in registered plans of subdivision and
4280 residential units in draft approved plans of subdivision.
13
These latter two figures amount to a 5.1 year supply of land. The
Provincial Land Use Planning For Housing policy statement
recommends a 3 year minimum level of supply for draft approved
and/or registered lots in plans of subdivision. This supply is
deemed necessary to allow for future population growths and to
ensure that sufficient quantities of housing are made available.
In addition, there were 1329 residential units approved by the
Town through rezoning or plans of subdivision. On the basis of
growth for the last five years, this amounts to a 6.3 year supply
of residential units. Overall, this results in a potential
housing supply that is approximately twice the minimum level
recommended in the Provincial Policy Statement.
Figure 9
APPROVED DEVELOPMENT APPLICATIONS
By Approval Status
Draft Approved SUbdlvfsfore (42BO)
Town Approved SLbdlvfsfons (444)
Town Approved Rezoning(B85)
Vacant Lots Tn Subdlvlsfons (1295)
Source: Town of Newcastle Planning & Development Department
4.2 Housing Supply by Housing Type
Table 7 indicates that the Town of Newcastle has a potential
housing supply of 17,414 units. This would amount to a 16 year
supply of residential units and generate a population of
approximately 53,000 persons, effectively doubling the current
population.
The potential housing supply for the Town of Newcastle consists of
the following types of housing units:
Unit Type Number of Units % of Total
Single Family 6,746 38.7
Semi-Detached 3,691 21.2
Townhouse 4,188 24.1
Apartment 2.789 16.0
Total 17,414 100.0
14
TABLE 7
TOWN OF NEWCASTLE HOUSING SUPPLY
YEAR END 1991
BOWMANVILLE URBAN AREA TYPE OF DWELLING
DEVELOPMENT STAGE S.F.D. SEMI T.H. APT. TOTAL
VACANT LOT IN REGISTERED PLANS 237 280 213 0 730
REGIONAL DRAFT APPROVED UNITS 1,937 928 623 430 3,918
SITE PLAN APPROVED UNITS 0 0 183 217 400
TOWN APPROVED UNITS 0 0 0 0 0
S1B >>»>>< >? >>< > >># `.« `.?`:«':<« <`.< < « < «><'>< ? '`'# 1 s '# 1 `><`: :': ? >>#>< ski? ':':>`:?':%::::.t:::..::::::::::.::::.t.:::.0:.......::::::..t.10...:::::
:::•::::::::::::::•:::::::::::::::.:..............
...................................................................................................................................................................................................
.......................................
UNITS IN THE PROPOSED STAGES 911 869 1,377 1,389 4,546
COURTICE URBAN AREA TYPE OF DWELLING
DEVELOPMENT STAGE S.F.D. SEMI T.H. APT. TOTAL
VACANT LOT IN REGISTERED PLANS 334 172 0 0 506
REGIONAL DRAFT APPROVED UNITS 144 125 0 0 269
SITE PLAN APPROVED UNITS 0 0 152 333 485
TOWN APPROVED UNITS 0 0 0 0 0
�aB{3't)!1'3?+ >< <><»»<<' ': «'z « ><<<':<«< s> >_»zz`:z<:`» < <<«>> 1'T$; '> '13%': :` '> '> •`. <'':> i#3
UNITS IN THE PROPROSED STAGES 1,053 931 731 379 3,094
t::::::::::::::::........................................................................
....................
NEWCASTLE VILLAGE URBAN AREA TYPE OF DWELLING
DEVELOPMENT STAGE S.F.D. SEMI T.H. APT. TOTAL
VACANT LOT IN REGISTERED PLANS 12 0 0 0 12
REGIONAL DRAFT APPROVED UNITS 42 0 0 0 42
SITE PLAN APPROVED UNITS 0 0 0 0 0
TOWN APPROVED UNITS 365 �0y 0 [0 365
S B: 3:' '.< ««......'z >» > > <>? E.................<z< < < < s < «<<«<z`<'>:tJ>``'z"```' `t'#}':`#``:`''`E`:>`:':'.`:<'#:FJ`: �`:#>f'` .
UNITS IN THE PROPROSED STAGES* 1,232 386 909 41 2,568
►...................................................................................................►..........
* Partial lots incorporated into plans of subdivision on the basis
of road frontage. Future development block excluded.
f q
1
15
TABLE 7 CONTINUED
TOWN OF NEWCASTLE HOUSING SUPPLY
YEAR END 1991
HAMLETS AND RURAL AREA TYPE OF DWELLING
DEVELOPMENT STAGE S.F.D. SEMI T.H. APT. TOTAL
VACANT LOT IN REGISTERED PLANS 47 0 0 0 47
REGIONAL DRAFT APPROVED UNITS 51 0 0 0 51
SITE PLAN APPROVED UNITS 0 0 0 0 0
TOWN APPROVED UNITS 79 0 0 0 79
5 .................................................................................................... .....7....::...:.:.:::::::::. ::::: :::::: ?...::.::::.::::. :....7.
UNITS IN THE PROPOSED STAGES 302 0 0 0 302
:.......::::.::::......:::...........::::......::::::::::.............::.:::::::::::::::::: ::::.:::::
TOWN OF NEWCASTLE - TOTAL TYPE OF DWELLING
DEVELOPMENT STAGE S.F.D. SEMI T.H. APT. TOTAL
VACANT LOT IN REGISTERED PLANS 630 452 213 0 1,295
REGIONAL DRAFT APPROVED UNITS 2,174 1,053 623 430 4,280
SITE PLAN APPROVED UNITS 0 0 335 550 885
TOWN APPROVED UNITS 444 0 0 0 444
UNITS IN THE PROPOSED STAGES 3,498 2,186 3,017 1,809 10,510
'('.`, �} ?i ii ??<;'E?:...................: :: :i::is i:::: i ::: iii i i::::>?:?#:s'::?::::?:::r.:: •:::::::"::.. ::;>•: ..... :::' :>:;:: : :•':::::>:i• :::::<:'::::::i::'>.
.`'.
Source: Town of Newcastle Planning and Development Department
Of the 17,414 potential residential units, a number fall in urban
expansion areas. For example, Newcastle Village has 371 units, Courtice
has 1453 units, and Bowmanville has 1157 units which are proposed for
areas included as expansion areas under the new Durham Region Official
Plan.
4.3 Comparison of Housing Supply and Demand
Table 8 compares the short term supply with the demand for housing over
the next 10 years. As the table shows, the Town of Newcastle has enough
units in the short term supply to last beyond 17.5 years. As evidenced
from Table 8, single family dwelling units represent the largest share
of the potential housing units, but not an overall majority. This is in
contrast to past trends when single family dwelling units represented
the majority of units created in Newcastle.
16
TABLE 8
TOWN OF NEWCASTLE
COMPARISON OF SHORT TERM SUPPLY AND DEMAND
Single Semi
Detached Detached Townhouses Apartment Total
Demand
1991-2001 5872 1938 1230 2126 11186
Supplied in
1991 295 308 179 0 782
1991 Year End
Housing Supply 6746 3691 4188 2789 17414
Anticipated Inten-
sification Unit 140 0 104 836 1080
Total Supply 7181 3999 4471 3625 19276
Surplus
Deficit 1309 2061 3241 1499 8090
Source: J.L. Cox Planning Consultants Ltd.
* Includes intensification units and units in the expansion areas
i ` C 70
F ;
17
5. LOCAL HOUSING MARKET
5.1 Housing Prices
The Royal LePage Survey of Canadian House Prices lists the average
selling price for various housing types (see Appendix A for a Glossary)
in cities across Canada. The average selling prices given in the
following tables are based on new and resale houses in the City of
Oshawa only. Royal LePage does not survey the Town of Newcastle, but
based on past observations, it can be stated that Courtice housing
prices are similar to Oshawa, while Bowmanville and Newcastle Village
housing prices are approximately 5% below that of Oshawa.
The average price of a detached bungalow, standard two-storey and
standard townhouse in Oshawa/Courtice would be as follows:
• detached - $145,000;
• standard two-storey - $144,000; and,
• standard townhouse - $108,000.
Tables 9 to 15 show the average selling prices, estimated taxes, and
rental costs for the following housing types: detached bungalow,
executive detached two-storey, standard two-storey, standard townhouse,
senior executive, standard condominium apartment, luxury condominium
apartment. With some exceptions, the prices of all housing types have
generally decreased in the past year.
DETACHED jUNGALOW TABLE 9
Price Price Price % change Estimated Est Monthly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $145,000 $148,000 $150,000 -3.3% $1,900 $ 900
Whitby $165,000 $170,000 $170,000 -2.9% $2,300 $ 900
Ajax $155,000 $165,000 $160,000 -3.1% $1,800 $1,000
Pickering $170,000 $175,000 $170,000 -- $2,000 $ 900
EXECUTIVE DETACHED
TWO-STOREY TABLE 10
Price Price Price % change Estimated Est Monthly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $180,000 $185,000 $190,000 -5.3% $2,900 $1,100
Whitby $200,000 $210,000 $195,000 +2.6% $3,000 $1,100
Ajax $190,000 $205,000 $190,000 -- $2,400 $1,000
Pickering $195,000 $200,000 $200,000 -2.5 $3,000 $1,000
18
STANDARD
TWO-STOREY TABLE 11
Price Price Price % change Estimated Est. Montly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $144,000 $148,000 $145,000 -0.7% $1,700 $ 800
Whitby $165,000 $175,000 $165,000 -- $2,300 $1,000
Ajax $168,000 $180,000 $170,000 -1.2% $1,800 $1,000
Pickering $165,000 $170,000 $165,000 -- $2,200 $ 800
STANDARD
TOWNHOUSE TABLE 12
Price Price Price % change Estimated Est. Montly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $108,000 $112,000 $110,000 -1.8% $1,180 $ 700
Whitby $135,000 $135,000 $140,000 -3.6% $2,000 $ 900
Ajax $125,000 $135,000 $130,000 -3.8% $1,200 $ 850
Pickering $120,000 1 $130,000 1 $130,000 -7.7% $1,450 $ 700
STANDARD CONDOMINIUM
APARTMENT TABLE 13
Price Price Price % change Estimated Est. Montly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $ 98,000 $103,000 $100,000 -2.0% $1,180 $ 700
Whitby $ -- $ -- $ -- -- $ -- $ --
Ajax $100,000 $115,000 $110,000 -9.1% $ 900 $ 850
Pickering $110,000 $120,000 $120,000 -8.3% $1,400 $ 700
19
LUXURY CONDOMINIUM
APARTMENT TABLE 14
Price Price Price % change Estimated Est. Montly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $230,000 $240,000 $240,000 -4.2% $3,000 $1,200
Whitby $ -- $ -- $ -- -- $ -- $ --
Ajax $ -- $ -- $ -- -- $ -- $ --
Pickering $170,000 $180,000 $ -- -- $2,000 $1,000
SENIOR
EXECUTIVE TABLE 15
Price Price Price % change Estimated Est.Monthly
Area Jan. 1992 3 mos. ago 1 yr. ago 1 Year Taxes Rental
Oshawa $245,000 $255,000 $265,000 -7.5% $4,100 $1,200
Whitby $255,000 $275,000 $250,000 +2.0% $3,500 $1,300
Ajax $240,000 $270,000 $235,000 +2.1% $3,200 $1,200
Pickering $270,000 $280,000 $285,000 -5.3% $3,200 $1,400
Source: Royal LePage
5.2 Resale Activity
Table 16 shows the Multiple Listing Services (MLS) Activity for selected
months from January 1990 to November 1991 for Oshawa and district.
Overall, the number of sales increased from 3,837 in 1990 to 5,627 for
1991. The number of listings declined from the previous year. In 1991,
the number of listings increased steadily until June and then fluctuated
for a number of months finally decreasing to $2,974 listings in November.
The sales to listings ratio refers to the number of listings that result
in sales. In 1991, the sales to listings ratio peaked at 32.2% in March
and from there it declined fairly steadily to 9.7% in December.
20
The average house price in Oshawa and District decreased fairly
consistently from a peak of $179,396 in January 1990 to $153,572 by
December of 1990. This figure dropped even lower in January 1991, and
then rose for a few months and then decreased steadily until October 1991
to a rate of $145,285. November saw a bit of an increase in this figure
to $152,378, and then a decrease to $143,516, which is the lowest level
recorded since March 1988.
It should be noted that this average price reflects not only the decline
in housing value, but more significantly, the type of houses being sold.
In other words, if sales of smaller, less expensive homes is strong, the
average price will decline.
CMHC reports that the level of resales and prices are expected to improve
in the early spring of 1992 because of: 1) lower interest rates; 2) CMHC's
introduction of 95% financing for first time homebuyers; and 3) the
federal government's announcement that first time homebuyers can use RRSP
contributions (see Section 2.2 for discussion) .
TABLE 16
RESALE ACTIVITY - OSHAWA AND DISTRICT REAL ESTATE BOARD
1990 1991
Number Number Sales to Average Number Number Sales to Average
Month of Sales of Listings Listings Price of Sales of Listings Listings Price
January 280 2,811 10.0% $179,396 363 2,635 13.8% $146,936
February 353 3,359 10.5% $178,720 687 2,646 26.0% $149,420
March 353 3,750 9.4% $170,009 853 2,653 32.2% $155,987
April 312 3,912 8.0% $173,114 773 2,872 26.9% $158,202
May 304 3,862 7.9% $172,238 544 3,063 17.7% $158,102
June 286 3,580 8.0% $163,792 403 3,194 12.6% $149,557
July 303 3,319 9.1% $168,892 380 3,054 12.4% $157,557
August 338 3,342 10.1% $157,839 331 2,961 11.2% $155,669
September 324 3,351 9.7% $159,533 366 3,186 11.5% $152,998
October 390 3,379 11.5% $158,280 348 3,257 10.7% $145,285
November 355 3,156 11.2% $150,279 331 2,974 11.1% $152,378
December 239 2,768 8.6% $153,572 248 2,546 9.7% $143,516
TOTAL 3,387 $165,375 5,627 $153,119
Jan-Dec
N.B. 1) Total Active Listings
Source: Oshawa and District Real Estate Board
5.3 Housing Completions By Tenure
The completion of new private rental units helped to boost the vacancy
rate in the Oshawa C.M.A. during 1991. Private completions increased
from 159 during the period January to October 1990 to 226 during the
same period in 1991 (see Table 17) . This amounted to a 2.1% increase in
the private rental housing stock. The Town of Newcastle had only 7
private rental completions between January and October 1991, which is
down from 14 units completed in the same period a year earlier. There
were no assisted rental completions for any of the municipalities within
the Oshawa C.M.A.
21
TABLE 17
HOUSING COMPLETIONS BY TENURE (JANUARY-OCTOBER 1990-1991)
Year-to-date/ Private Assisted
Year Freehold Condo Rental Rental Total
Oshawa City Jan-Oct 1990 339 0 97 281 717
Jan-Oct 1991 202 0 119 0 321
Whitby Jan-Oct 1990 813 15 48 0 876
Jan-Oct 1991 661 286 100 0 1,047
Newcastle Jan-Oct 1990 940 0 14 0 954
Jan-Oct 1991 707 0 7 0 714
Oshawa CMA Jan-Oct 1990 2,092 15 159 281 2,547
Jan-Oct 1991 1,570 286 226 0 2,082
Source: CMHC Housing Report
5.4 Housing Starts by Tenure
Housing starts in the Oshawa C.M.A. indicate that starts of private
rental units in the City of Oshawa and the Town of Whitby declined
considerably, while the starts of assisted rental units increased (see
Table 18) . The decline in private rental starts is largely due to
higher vacancy rates and weaker demand. The number of private rental
starts in the Oshawa C.M.A. totalled only 28 units between January and
October 1991, down from 422 units recorded in the same period a year
earlier. A total of 574 assisted units were started between January
1990 and October 1991, up from the 38 units started in the same period a
year earlier. No assisted units were produced in Newcastle during this
period.
TABLE 18
HOUSING STARTS BY TENURE (JANUARY-OCTOBER 1990-1991)
Year-to-date/ Private Assisted
Year Freehold Condo Rental Rental Total
Oshawa City Jan-Oct 1990 121 14 192 38 365
Jan-Oct 1991 242 0 24 118 384
Whitby Jan-Oct 1990 504 144 227 0 875
Jan-Oct 1991 666 162 0 456 1,284
Newcastle Jan-Oct 1990 654 0 3 0 657
Jan-Oct 1991 504 0 4 0 508
Oshawa CMA Jan-Oct 1990 1,279 158 422 38 1,897
Jan-Oct 1991 1,412 162 28 574 2,176
Source: CMHC Housing Report
��
7 I'
22
5.5 Vacancy Rates and Average Rents
The overall vacancy rate for all units in the Oshawa C.M.A. was 3.4% between
January and October 1991 (see Table 19) . This means that 34 out of every 1000
units were vacant and available for rent. The City of Oshawa reported a
vacancy rate of 3.3%, while the Towns of Whitby and Newcastle reported vacancy
rates of 3.3 and 6.2% respectively. Newcastle had the following vacancy rates
in 1991: 5.1% for 1-bedroom; 7.7% for 2-bedroom; and 0.0% for 3-bedroom.
The average rents charged for bachelor, 1-bedroom, 2-bedroom, and 3-bedroom
units in the Oshawa C.M.A. were $490, $562, $641, and $719. Newcastle renters
were charged on average $564 for a 1-bedroom unit, $630 for a 2-bedroom unit,
and $609 for a 3-bedroom.
TABLE 19
VACANCY RATES AND AVERAGE RENTS
BY BEDROOM TYPE
OSHAWA CMA, OCTOBER 1990, 1991
Bachelor 1 Bedroom 1 2 Bedroom 2 3 Bedroom 3 All
Vac. Rate Bach Vac. Rate Bed- Vac. Rate Bed- Vac. Rate Bed- Units
elor room room room Vac.
Location !6.7 990 E7.9 Rent 1990 1991 Rent 1990 1991 Rent 1990 1991 Rent Rate
Oshawa City $438 2.3 3.0 $548 1.2 3.3 $633 0.7 1.5 $724 3.3
Whitby 5.1 10.7 $576 2.5 3.5 $599 1.4 3.3 $674 0 0 $718 3.3
Newcastle 0 0 * 9.3 5.1 $564 2.4 7.7 $630 0 0 $609 6.2
Oshawa CMA 6.0 8.8 $490 2.6 3.2 $562 1.3 3.5 $641 0.5 1.1 $719 3.4
* Data not available because sample size is too small
Source: CMHC Housing Report
5.6 Rental Outlook
Assuming that the employment situation remains about the same in Oshawa, CMHC
projects that the vacancy rate in the Oshawa C.M.A. will remain between the
3.0% and 4.0% level in 1992. The factors contributing to this forecast are:
• Only a very modest economic recovery is forecasted for most of 1992 and
as such, rental demand is expected to remain stable until the second
half of 1993.
• Low interest rates and the introduction of the 95% mortgage insurance by
CMHC should encourage homeownership and will free up some rental supply
as a result of new homebuyers leaving the rental market.
• With high levels of rental housing currently under construction, the
total rental supply will continue to expand during 1992 and 1993.
'! ; ) 6
23
6. ASSISTED HOUSING
Assisted Rental Housing stock in Durham Region has been built under a number
of programs administered by the Provincial and Federal government.
Table 20 identifies the total number of assisted housing units in the Region
by area municipality in 1991. The total number of assisted housing units
ranged from 90 in the Township of Brock to 2,509 in the City of Oshawa. The
total number of assisted housing units in the Region for senior citizens and
families was 2,028 and 2,765 units respectively, for a total number of 4,793
assisted units. Newcastle has 174 assisted senior citizen units and no family
or special needs units.
TABLE 20
ASSISTED HOUSING UNITS BY AREA MUNICIPALITY
SENIOR
AREA CITIZEN FAMILY TOTAL
MUNICIPALITY UNITS UNITS UNITS
AJAX 218 416 634
BROCK 90 24 114
NEWCASTLE 174 0 174
OSHAWA 836 1,673 2,509
PICKERING 130 190 320
SCUGOG 68 70 138
UXBRIDGE 91 0 91
WHITBY 421 392 813
DURHAM 2,028 2,765 4,793
Source: Durham Region Planning Department, June, 1991
The distribution of the 174 assisted senior citizen units within the Town of
Newcastle is further broken down in Table 21. This table identifies the
number of senior citizen and family units by type of program and level of
assistance.
24
TABLE 21
TOWN OF NEWCASTLE
ASSISTED HOUSING PROJECTS AND NUMBER OF UNITS BY TYPE OF PROGRAM
SENIOR CITIZENS UNITS FAMILY UNITS
Agencies That HOUSING HOUSING
Administer Projects R.G.I. L.E.M. TOTAL PROGRAM R.G.I. L.E.M. TOTAL PROGRAM
Durham County Senior Citizens 15 25 40 P.N.P. -- -- --
Lodge
Durham Housing Authority 35 -- 35 P.H.P. -- -- --
Newcastle Lodge for Senior 15 28 43 P.N.P. -- -- --
Citizens & Families
Canadian Foresters Project 56 -- 56 O.C.H.A.P. -- -- --
121 53 174 0 0 0
Source: Ministry of Housing, Canada Mortgage and Housing Corporation, Durham Area Housing,
Durham Region Housing, and Ajax Municipal Housing
Notes: R.G.I. - Rent-Geared-To-Income
L.E.M. - Low End of Market (Rent)
P.N.P. - Private Non-Profit Housing Program
P.H.P. - Public Housing Program
O.C.H.A.P. - Ontario Community Housing Assistance Program
6.1 Assisted Housing Projects in Process
The following is a list of assisted housing projects that are currently
under construction or approved in the Town of Newcastle.
Proposal Units Status
Soper Court 60 townhouses Under
Durham Region Non-Profit construction
Bowmanville Co-op 42 townhouses Under
26 apartments construction
Participation House 39 townhouses Ontario
Municipal
Board approved
Bowmanville Heights 66 townhouses Under
Durham Region Non-Profit construction
Darcy House 2 semis Approved
Durham Region Non-Profit
(Monroe St. , Newcastle Vill. )
25
7. CONCLUSIONS
The 1991 Annual Housing Report was prepared to satisfy the requirements
of the Policy Statement and to monitor residential activity in the Town.
As with all municipalities in Durham Region, a flagging economy has had
a major impact on the economy and the housing sector. Unemployment
rates have risen, bankruptcies have increased, interest rates have
decreased and housing prices have lowered.
However, some benefit has arisen from the recession as the lowered
interest rates and housing prices have increased the availability of
affordable housing. Housing prices have lowered to the extent that most
of the house prices are considered to be in the affordable range
($157,000 for this region) . In addition lower interest rates (lowest in
twenty years) have allowed and will allow many first time homebuyers to
come into the market. This in turn will free up some rental supply
allowing the overall supply to expand during 1992 and 1993. This should
help to ease affordability problems for renters.
Lower interest rates in combination with recent government initiatives
should help to bolster the housing market. These factors should be
particularly beneficial for the Town of Newcastle since housing prices
here are already considerably lower than the remaining GTA, thus making
Newcastle very attractive for GTA residents seeking affordable housing.
The attractiveness of the Newcastle market is reflected by the fact that
the Town has grown at a rate of 2,700 persons annually since 1986.
Presently, the Town has a total of 17,414 residential units which are
approved or under consideration. This short term supply would last the
Town for the next 16 years. Of these units, approximately 60% are low
density (singles - 38%, semis/links - 22%) , 24% are medium density
(townhouses) and 16% are high density (apartments) . Given that the
timing of some of the high density condominium projects is uncertain,
these units adequately meet the draft Municipal Housing Statement's
targets of 70% low density, 20% medium density, and 10% high density.
The Provincial Land Use Planning for Housing Policy Statement recommends
a 3 year minimum supply level for draft approved and/or registered lots
in plans of subdivision. This supply is deemed necessary to allow for
future population growths and to ensure that sufficient quantities of
housing are made available. Based on growth rates for the last five
years, the 5575 registered and Regional draft approved units equate to
approximately a 5.1 year supply of units. When units that are draft
approved by the Town are included, the amount increases to a 6.2 year
supply of residential units which is approximately twice the minimum
level recommended by the Provincial Policy Statement.
Assisted housing projects are beginning to come on stream in Newcastle.
Over the next few years, additional projects in Courtice and Bowmanville
will contribute to the supply of housing for all income groups in the
Town. This will assist the Town in providing the diversity of housing
types essential for meeting both the needs of the Town's residents and
the needs of prospective industry.
As stated previously, municipalities are required to monitor how the
provisions of the Policy Statement are being met on an annual basis. A
report was prepared for year end 1991 and in the future, reports will be
prepared on an annual basis.
Based on the results of the 1991 Annual Housing Report, it can be said
that in 1991 the Town of Newcastle generally fulfilled its obligation in
meeting the need for affordable housing.
7 0
APPENDIX 26
,� G1 0 ssary of Housing Types
n
Detached Bungalow
A detached,three-bedroom single storey home with 11h bathrooms and a one-car garage.
It has a full basement but no recreation room,fireplace or appliances.Using outside
dimensions(excluding garage),the total area of the house is 111 sq.metres(1,200 s%ft.)
and it is situated on a full-serviced,511 sq.metre(5,500 sq.ft.)lot.Depending on the area,
the construction style maybe brick,wood,siding,or stucco.
. ,.. - Executive Detached Two-Storey
A detached two-storey,four-bedroom home with 21/2 bathrooms,amain floor family room,
one fireplace,and an attached two-car garage.There is a full basement but no recreation
room or appliances.Using the exterior dimensions(excluding garage),the total area of
the house is 186 sq.metres(2,000 sq.ft.),and it is situated on a fully-serviced,604 sq.metres
_ - (6,500 sq.ft.)lot.Depending on the area,the construction style may be brick,wood,alu-
,r minuet siding,stucco,or a combination like brick and siding.
�.
Standard Two-Storey
A three-bedroom,two-storey home with a detached garage.It has a full basement but no
recreation room.Using outside dimensions,the total area of the house is 139 sq.metres
(1,500 sq.ft.)and ft is situated on a fully-serviced,city-sized lot of approximately 325 sq.
metres(3,500 sq.ft.).The house may be detached or semi-detached and construction
style maybe brick,wood,siding,or stucco.
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Standard Townhouse
Either condominium or freehold,the townhouse(rowhouse)has three bedrooms,a living
MCI __ room and dining room(possibly combined)and a kitchen.Also included are 1112 bath-
rooms,standard broadloom,a one-car garage,a full unfinished basement and two
appliances.Total inside area is 92 sq.metres(1,000 sq.ft.).Depending on the area,the
construction may be brick,wood,siding or stucco.
Senior Executive
A two-storey,four or five bedroom home with three bathrooms,main floor family room
plus atrium or library.Two fireplaces,a full unfinished basement and an attached two-car
garage.The house is 279+sq.metres(3,000+sq.ft.)and is situated on a fully serviced
627 sq.metre(6,750 sq.ft.)lot.Construction maybe brick,stucco,siding,or in combination.
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�. Standard Condominium Apartment
f A two-bedroom apartment comprising a living room,a dining room(possibly combined)
ff and a kitchen,in a high-rise building with an inside floor area of 84 sq.metres(900 sq.ft).
Amenities include standard broadloom,11/2 bathrooms,2 appliances,a small balcony
and 1 underground parking space.Common area includes a pool and some minor
recreational facilities.
Luxury Condominium Apartment
A two-bedroom apartment comprising a living room,a dining room(possibly combined),
and a kitchen,with a family room or den,in a high-rise building with an inside floor area
of 130 sq.metres(1,400 sq.ft.).Amenities include upgraded broadloom,2 full bathrooms,
ensuite laundry and storage areas,5 appliances,a large balcony and 1 underground park-
2 in space.Common area includes a pool,sauna and other major recreational facilities.
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