Peel’s Population is 1.38 million, growth rate of 6.5% from 2011.
1 in 10 Ontarians live in Peel
Peel’s average age is 38 years
69 of Peel’s population is ages 15 – 64
78% of Peel’s high rise units are in Mississauga
84% of farm operators in Peel on the land they farm (mostly in Caledon)
According to the 2016 Census Data, these are the FACTS on the Housing needs in Peel.
. Between 2011 and 2016, Peel Region grew by 24,000 new residents each year
. 12 cents of every dollar of the Region’s tax levy goes to increasing affordable housing and reducing homeless
. There are 20,000 households in 48 affordable housing providers in Peel
. There are 7,935 households in affordable rental apartments and townhouses owned by the Region of Peel Living
. 78 Condominium units were purchased by the Region in 2017 to bring immediate supply of affordable housing to Peel.
Housing Costs in Peel in 2016 (Average Resale Home)
Detached House $805,812
Semi House $568,374
Town House $471,260
Rental Market and Housing Stats
Current rental vacancy rate is 1.4% (Anything below3% means demand is higher than supply). 1 in 5 Peel households rent.
Affordability Thresholds in Peel:
- For Ownerships the cost of a home must be below is $403,594 to be considered affordable and
3 out of 10 homeowners are paying more than 30% of household income on housing costs
- Rental: the cost of a rental unit should be below $1,211 per month to be affordable and
4 out 10 renters pay more than 30% of their household income on housing
Brampton is a diverse and rapidly growing City. The Mayor and the Council has identified the need for comprehensive planning to guide its citizens as the City grows.
Brampton is the 2nd fastest growing city in Canada. It’s population consists of 209 different cultures and 89 spoken languages.
The City is working on implementing a strategic plan that meets the City’s guidelines while being connected to the Region of Peel.
Driving up Mississauga Road is one the best ways to understand the scale of development on the fringes of the GTA and Peel Region. Demand for houses are being met, while parks, schools and retail businesses are also planned. The Mount Pleasant GO station is a perfect example on how citizens are accessible from any location and trains to Union Station leave at least twice an hour during rush hours.
One of the City’s committment is the investment of a new University facility that provides a centre for education, innovation and collaboration in its downtown core. Ryerson University and Sheridan College will be hosting the joint-use community center and specific decisions will be made at a later time this year.
Creditview Activity Hub will be completed this late Spring located in the new city wide park at the junction of Creditview Road and Sandalwood Park. This is a 100 acre park will be the first of its kind to be fully comply with the Accessibility for Ontarions with Disability Act. The entire facility themed with a water-cycle idea will be fully accessible for persons with physical, mental and emotional challenges. The park will be second in size after Chinguacouse Park.
New developments, commerce and active transportation is a key element that is important to every individual living in Peel.