Greater Sudbury's Affordable Housing Shortage

Challenges and Implications

Consultants' Finding

  • Current vacancy rate: 1.6% (below 5% target).
  • Deficit of 655 rent-geared-to-income units.
  • Need for 470 rental units for a 5% vacancy rate.

Affordability Struggles in Greater Sudbury

  • Average resale and rental rates unaffordable.
  • Affordable purchase price: $368,586 (2022).
  • Rapid increase in residential prices (2020-2022).

Recommendations and Future Plans

  • Recommendations to the city.
  • Encouraging broader ownership housing supply.
  • Improving existing community housing.
  • Incentives for affordable housing and partnerships.