Shelter cost to income ratio of private household

Status: This was the recommended standard from September 11, 2013 to March 23, 2016.

Definition

Shelter cost to income ratio refers to the percentage of a household's average total monthly income which is spent on shelter-related expenses. Those expenses include the monthly rent (for tenants) or the mortgage payment, property taxes and condominium fees (for owners) and the costs of electricity, heat, municipal services, etc. The percentage is calculated by dividing the total shelter-related expenses by the household's total monthly income and multiplying the result by 100.

Private household refers to a person or group of persons who occupy the same dwelling and do not have a usual place of residence elsewhere in Canada or abroad. The household universe is divided into two sub-universes on the basis of whether the household is occupying a collective dwelling or a private dwelling. The latter is a private household.

Classifications

Relation to previous version

  • Shelter-cost-to-income ratio of private household March 24, 2016 to current

    This standard replaces the recommended standard 'Shelter cost to income ratio of private household'. The definition of shelter-cost-to-income ratio and the main classification have been modified, while the classification variant has been deleted.

  • Shelter cost to income ratio of private household September 11, 2013 to March 23, 2016

    This was the recommended standard from September 11, 2013 to March 23, 2016.

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