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Bruce County housing hasn’t kept up with growth

Bruce County housing hasn’t kept up with growth

Bruce County is becoming increasingly unaffordable as population growth continues and the housing supply can’t keep up, a recent study shows.

Conducted by KPMG, the county’s housing demographic study says that 45% of renters spend more than 30% of their income on housing, while nearly one in five spend over 50%.

The average dwelling value increased of 76% from 2016 to 2021. Over the same time, the population has gone up 8.3%, while the supply of dwellings has only increased 4%. Over four out five dwellings in the county are single-detached houses.

The population also skews towards retirees, with the average age nearly four years above the provincial average.

To see the full study, visit brucecounty.on.ca

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