Affordable housing (apartments in Gravenhurst
The average household income in Gravenhurst last statistics Canada data in 2021 was $73,500. CMHC defines up to 30% of pre-tax income is what should be spent on housing to be affordable; 30% of $73,500 is up to $1,838 a month to be spent on housing to be affordable. There are 2.2 people on average per household in Gravenhurst. I went on line and looked for a two bedroom apartment in Gravenhurst or house rental for under $1,838 a month. The average couple with one child looking for a two bedroom rental in Gravenhurst can not find affordable housing. More rental units need to be built so the market supply makes housing affordable for renters in Gravenhurst.
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