Social Well-Being Tracker
Our social well-being indicators are based on social determinants of health. These indicators are the economic and social conditions that shape the health of individuals and communities. Social determinants of health also determine the extent to which a person possesses the physical, social, and personal resources to identify and achieve personal aspirations, satisfy needs, and cope with the environment. Social determinants of health are about the quantity and quality of a variety of resources that society makes available to its members. Important considerations include both the quality and their distribution amongst the population. 1
E2Total Apartment Vacancy Rate, October AverageEdmonton CMA
Housing is typically the largest cost that individuals and families have. Housing that is affordable, suitable, and adequate is a key determinate of an individual or family’s health and well-being. However, housing that is overcrowded, in need of repairs, or has health risks (for example, has mould or poor ventilation) can directly impact an individual’s physical and mental health. Additionally, paying for housing that is unaffordable (that is, costing more than 30% of a family’s income) reduces a family’s overall ability to address other determinates of health.
Apartment Vacancy Rate, October 2020
The apartment rental vacancy rate has fluctuated significantly in the Edmonton CMA due to two main factors. The first is underlying economic conditions. The second is the availability of rental units.
In the boom of 2007, the vacancy rate was 1.5%, increasing to 4.5% during the global financial crisis in 2009, back down to 1.4% in 2013, and then rose significantly to 7% in 2017.
The vacancy rate in October 2020 was 7.2%