Salt Spring LTC Regular Meeting Agenda Addendum

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Salt Spring Island Local Trust Committee
 
Regular Meeting Addendum
 

Date:Thursday, July 13, 2023
Time:9:30 a.m.
Location:64 Learning Hub
122 Rainbow Road
Pages
14.LOCAL TRUST COMMITTEE PROJECTS
12:30 PM - 2:30 PM
14.1CMHC Housing Accelerator Fund
14.1.1Housing Action Plan Initiatives for Salt Spring Island
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Housing Action Plan Initiatives for Salt Spring Island 
 
As mandated by the Province, British Columbia municipalities are required to continually monitor housing 
supply and identify housing needs. The Salt Spring Island Local Trust Committee (SS LTC), worked in 
partnership with the Capital Regional District (CRD), developed 
the Capital Regional District (CRD) Housing 
Needs Assessment for Salt Spring Island, November 2020. 
Below is the highlight from the Housing Needs 
Assessment report that helps to develop the housing action plan initiatives in the table below. 
Summary of the Housing Needs Assessment 
As an unincorporated electoral area, Salt Spring Island is primarily under the jurisdiction of the CRD, with land 
use planning administered by the Islands Trust, as enabled in the Islands Trust Act.
 
In the most recent housing 
needs assessment conducted by CRD on Salt Spring Island, the “Capital Regional District Housing Needs 
Assessment Salt Spring Island 2020” indicated the population of Salt Spring Island grew by 10% between 2006 
and 2016, a similar rate of growth compared to the CRD as a whole. Projections suggest Salt Spring Island 
could experience more rapid population growth in the future, primarily driven by the growth of the senior 
population. 
Salt Spring Island has few primary rental market units, with almost all renters finding homes in the secondary 
rental market. Evidence suggests that demand for secondary rental market units far exceeds supply, with rents 
increasing in recent years. 
Between 2006 and 2016, the population of Salt Spring Island grew from 9,640 to 10,557 residents, an increase 
of nearly 10%. 
 
 
If Salt Spring Island continues growing in a similar manner as the past, the community will see an additional 
601 households form between 2016 and 2025. New households are projected to be 11% renters and 89% 
owners. 
 
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In 2016, 14% of the population of Salt Spring Island had moved there in the previous year; this was double the 
rate for the CRD as a whole (7%). Projections suggest that Salt Spring Island grew by approximately 499 
residents between 2016 and 2020 and could grow by an additional 454 residents between 2020 and 2025. 
 
As of 2016, there were 4,840 dwellings on Salt Spring Island. Salt Spring Island has far less diverse housing 
stock compared to the CRD. In 2016, 81% of housing was single-detached houses, compared to 42% for the 
regional average. Statistics Canada indicated 6,105 private dwellings on the island based on the 2021 data. 
If regional trends continue, Salt Spring Island is projected to experience similar populat

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