The housing market in Halton Region remains active and robust. Halton continues to be one of the fastest growing areas in the Greater Toronto and Hamilton Areas (GTHA) in terms of its population and associated household growth, with an 8 per cent increase in the number of households since the 2011 Census. This reflects the continued movement of Toronto homebuyers – particularly millennials and younger families – into suburban markets in search of more affordable housing options. Recently released Statistics Canada Census figures indicate that alongside the changing demographic of home owners in Halton, is a changing structure of home ownership.
- The proportion of Halton residents renting their dwellings rose to 19 per cent in 2016, from 17 per cent in 2011.
- Halton maintains a comparably high rate of home ownership – 81 per cent compared to 53 per cent in Toronto.
- Among the 156,165 residents that owned their dwelling, 66 per cent held a mortgage in 2016, up from 64 per cent in 2011.
- Average shelter costs among owned dwellings rose 16 per cent since the last Census in 2011, and shelter costs for rented dwellings increased 24 per cent.
- Higher density development that is occurring in Halton is also translating into housing trends with an 11 per cent increase in condominium living from 2011 to 2016, primarily in Milton and Oakville.
- The boom in Halton residential development is also seen in the age of housing stock, with one in five dwelling units in Halton built within the past 10 years.
We’re here to help. Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. For more detailed statistics, visit halton.ca/datacentre.
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