Mr. Speaker, Providence Farm completed a housing need and demand study for the Cowichan Valley. The study demonstrates the clear need for consistent long term planning to address the issue of homelessness.
A greater proportion of lone parent families than the rest of the province and a rapidly growing seniors population will strain the available resources for affordable housing. I was astonished to learn that for every 100 people over the age of 65 in the Cowichan Valley in 2001, there will be 230 in 2031.
Median housing prices jumped from $180,000 in 2001 to over $240,000 in 2005. Half of all families in the Cowichan Valley cannot afford to buy a house worth more than $150,000, yet in early 2006 only eight single family houses sold for under this price. The vacancy rate fell from 8.4% in October 2003 to 1.6% in October 2005, indicating growing rental demand.
There are many challenges for housing and homelessness and there are many solutions required.
I want to thank the staff at Providence Farm for their hard work on this very important issue.