April 2025 Radium Hot Springs OCP Poster Boards - Flipbook - Page 3
HOUSING NEEDS
The Village completed
its Interim Housing
Needs Report in July
2024 to comply with
provincial legislation.
RADIUM HOT SPRINGS INTERIM
HOUSING NEEDS REPORT
The Village is now required to update the
Of昀椀cial Community Plan and Zoning Bylaw
by December 31, 2025, and identify within
the
OCPD:how
thehousehold
Village
willtheaccommodate
Component
Supply to meet
growth projects
total number of new permanent
households in a community (see Section 6.0); and
the
number of housing units identi昀椀ed in the
Component : Vacancy rate adjustment assumes that if all other housing is developed, an
additional number of units is required to meet a vacancy rate of 3.0% (see Section 7.1.1).
Village’s Housing Needs Report.
For Radium, it is estimated that a total of 520 units are required to meet the range of needs identified, and
to accommodate growth. This does not account for new housing for non-permanent residents or
investment/speculation purposes.
July
July2024
2024
Housing Needs - Key Results
106 homes
Table 13: 20-Year OCP Capacity Estimate
2023-2028
Housing
Need
Component A: Supply to Reduce Extreme Core Housing
Need
Owned Units
Rented Units
Component B: Supply to Reduce Homelessness
Component C: Supply to Reduce Suppressed Household
Formation
Component D: Supply to Meet Household Growth
Owned Units
Rented Units
Component E: Vacancy Rate Adjustment
Component F: Demand Buffer
Total Units Needed
Total Owned Units*
Total Rented Units*
needed by 2028
405 homes
needed by 2043
20-Year OCP
Capacity
2
0
2
2
7
0
7
5
8
89
38
51
1
4
106
38
55
31
343
n/a
n/a
3
17
405
n/a
n/a
*Does not include units from Component F: Demand Buffer, which are not distinguished by tenure, or Component C
which is not broken down by tenure.
Figure 22: Anticipated Growth, Radium, 2021-2046
Household & Population Projections
3000
The Housing Needs Report is based on statistical analysis of the future of the
Village. BC Statistics generates these numbers based on historical growth of
the Village and the region. The 昀椀gure below (left) shows the project number of
households for permanent residents up to the year 2046. The 昀椀gure to the right
is the Village’s projected population growth based on BC Statistics and Census
Canada. The two lines are signi昀椀cantly different because Census Canada
stated there were 1339 residents in the Village in 2021 while BC Stats stated
aTable
population
ofNumber
895. of Households
10: Projected
Projected population
2463
2500
2000
1,646
Projected # Households
1500
1282
1400
1,339
1200
Radium Hot Springs Interim Housing Needs Report
1000
800
1000
681
600
857
635
400
895
777
776
2011
2016
500
455
200
27
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
0
Number of households (BC Stats)
Number of households (Census)
# Households, Census-based population, BC Stats projected HH size
0
2021
2026
2031
2036
Total (BC Stats)
Total (BC Stats, Projected)
Total (Census)
BC Stats projection, scaled
2041
2046
Source: BC Statistics Population Projections and Statistics Canada Census 2021
Source: Derived from BC Stats Population Projection and Statistics Canada, Census 2021
Table 11: Household Project by Owner and Renter
2021
2024
2029
2034
2044
2046
Low
Owner
455
340
546
402
635
458
720
519
844
608
857
617
Growth
20242034
174
117
Renter
115
144
177
201
236
240
57
Growth
20242046
311
215
96
Visit the Village website for the full 2024
Interim Housing Needs Report here:
https://radiumhotsprings.ca/
3
Radium Hot Springs Interim Housing Needs Report
24
