Toronto Older Adult Profile · Older Adult Income and Housing Profile Presentation to Seniors Strategy Accountability Table Tuesday, March 22, 2016, Metro Hall Do you need assistance

Older Adult Income and Housing ProfilePresentation to Seniors Strategy Accountability Table

Tuesday, March 22, 2016, Metro Hall

Do you need assistance reading this document? Contact us at [email protected]

The Toronto Seniors Strategy 2

Low income by age in Canada

29%

24%

10%

20%

16%

7%

19%

15%

6%

Age 0-17 Age 18-64 Age 65+ Age 0-17 Age 18-64 Age 65+ Age 0-17 Age 18-64 Age 65+

Toronto Ontario Canada

In Toronto, a higher proportion of the population experiences low income than for the province or the country. This is the case across age groups, and people age 65+ experience consistently

lower rates of low income than the rest of the population.

2013 Taxfiler Family File

Family Data: People under the

Low Income Measure After Tax (CD level)


Low income by age in the GTAH

29%

24%

10%

22%

17%

4%

21%

17%16% 15% 15% 15%

15%

12%

5%

11%10%

6%

Age0-17

Age18-64

Age65+

Age0-17

Age18-64

Age65+

Age0-17

Age18-64

Age65+

Age0-17

Age18-64

Age65+

Age0-17

Age18-64

Age65+

Age0-17

Age18-64

Age65+

Toronto Hamilton Peel York Durham Halton

In Toronto, a smaller proportion of seniors experience low income. The low income rates among Toronto seniors is in the

middle of GTAH regional municipalities.


Family Data: People under the

Low Income Measure After Tax (CD level)


Income brackets by age group

0

50,000

100,000

150,000

200,000

250,000

300,000

People aged 65+ are overrepresented in the $15K to $25K income brackets

0-24 years 25-34 years 35-44 years 45-54 years 55-64 years 65+ years


Neighbourhood Income and Demographics

Income amounts by age brackets (Toronto CD)


Income by age group

5% 8%20%

39%32%

23% 19% 16% 13% 14% 16% 17% 18% 19%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Seniors are overrepresented in the $15K to $25K income brackets, and underrepresented in the <10K bracket.

0-24 years 25-34 years 35-44 years 45-54 years 55-64 years 65+ years


Neighbourhood Income and Demographics

Income amounts by age brackets (Toronto CD)


Low income among population groups

2011 National Household Survey

Custom tabulation via Community Data Program

Community Poverty Project Table 4 (Toronto CD)

34%

27% 29% 28%24%

15%13%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Activity Limitations

25%

17%19% 18% 17%

12% 13%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Immigrated before 2001

29%

24%21% 22% 22%

27%24%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Immigrated 2001 to 200543%

32%36% 37%

31%

23% 21%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Immigrated 2006 to 2011

26%

18% 19% 18% 16%12% 12%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Total Population

31%

23% 24% 22%19%

17% 18%

15-24 25-34 35-44 45-54 55-64 65-74 75+

Visible Minority


Low income among population groups

20%16%

12%

Age 15-54 Age 55-64 Age 65+

Total Population


Custom tabulation – Low Income After Tax


29%

24%

14%

Age 15-54 Age 55-64 Age 65+


25%

19%17%

Age 15-54 Age 55-64 Age 65+

Visible Minority

19%17%

12%

Age 15-54 Age 55-64 Age 65+


24% 22%26%

Age 15-54 Age 55-64 Age 65+


36%

31%

23%

Age 15-54 Age 55-64 Age 65+



Low income splits by groups

19%17%

9%

21%

16%14%

Age 15-54 Age 55-64 Age 65+

Total Population

M F


Custom tabulation


29%25%

10%

29%

24%

16%

Age 15-54 Age 55-64 Age 65+


M F

24%

19%

14%

26%

19% 19%

Age 15-54 Age 55-64 Age 65+

Visible Minority

M F

18% 17%

9%

20%16% 15%

Age 15-54 Age 55-64 Age 65+


M F

23%21%

26%25% 24%26%

Age 15-54 Age 55-64 Age 65+


M F

36%32%

24%

37%

30%

21%

Age 15-54 Age 55-64 Age 65+


M F


Low income gender splits

-1.7%

0.5%

-5.0%

-0.3%

0.8%

-6.8%

-1.4%

0.5%

-5.3%

-2.0%

0.4%

-6.1%

-1.7%

-2.8%

0.1%

-0.9%

1.9%

2.7%

Age 15-54 Age 55-64 Age 65+

Gender differences in low income are most prevalent at age 65+. For newcomers, the gender gap is reverses with age.

All Activity Limitations Visible Minority

Immigrated before 2001 Immigrated 2001 to 2005 Immigrated 2006 to 2011

Women

doing

better

than

men

Women

doing

worse

than

men


Custom tabulation



Home ownership

17%

34%

50%

59%64% 66%

70%

62%

84%81%

67%

49%

29%

16%

<25 25-34 35-44 45-54 55-64 65-74 75+ <25 25-34 35-44 45-54 55-64 65-74 75+

% Owners % of Owners with Mortgage

As age increases, rate of home ownership increasesand proportion of owners with a mortgage decreases.


Housing tenure and presence of mortgage by age

group of primary household maintainer (Toronto CD)


Renting




83%

66%

50%

41%36% 34%

30%

9% 8%13%

18%21%

30%33%

<25 25-34 35-44 45-54 55-64 65-74 75+ <25 25-34 35-44 45-54 55-64 65-74 75+

% Renters % of Renters with Subsidy

As age increases, rate of renting decreasesand proportion of subsidized renters increases.


Monthly housing costs

$650

$1,800

$1,027

$363

$642

$1,670

$1,004

$457

$627

$1,637

$1,037

$464

Owner, no mortgage Owner with mortgage Renter, no subsidy Renter with subsidy

Housing costs are similar across older adult age groups. Two exceptions: Torontonians age 55-64 paid more if mortgaged and paid less if their rent was subsidized.

Age 55-64 Age 65-74 Age 75 and over





Unaffordability for homeowners

66%

44%

33%30% 31% 30%

27%25%

23% 21% 22% 23%

>25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+

For homeowners, as age increases, fewer households spend more than 30% of their total income on shelter costs.


Housing affordability by age group of primary

household maintainer for owner hhlds (Toronto CD)

Shelter costs for owner households include

mortgage payments, cost of electricity,

heat, water and other municipal services,

property taxes and condominium fees.

34,460 total

households


Unaffordability for tenants

71%

47%

40% 39% 39% 39%37% 39% 40%

42%

48%50%

>25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+

For tenants, as age increases above 65, more households spend more than 30% of their total income on shelter costs.

34,615 total

households


Housing affordability by age group of primary

household maintainer for owner hhlds (Toronto CD)

Shelter costs for tenant households

include monthly rent, and the cost

of electricity, heat, water and other

municipal services.


Policy implications

• Although poverty is at its lowest in the senior

population, gender inequities in poverty are at their

most pronounced among seniors across most social

groups.

• Many seniors are living just above low-income lines

and so remain economically vulnerable. Fewer seniors

are in deep poverty (incomes <$10k/year).

• Economic integration of older immigrants, both male

and female, is an important equity issue.

• As of 2011, shelter costs were not placing a

disproportionate affordability burden on older

homeowners.

This presentation prepared by

Social Policy, Analysis & Research

For more information on neighbourhood

and demographic data for the City of Toronto, visit:

Toronto’s Demography Portal

www.toronto.ca/demographics

Toronto’s Neighbourhood Data Mapping App

www.toronto.ca/wellbeing

or e-mail us at

[email protected]

For more information on the Toronto Seniors Strategy

and ways that you can get involved, please contact

Andrea Austen

Policy Development Officer

Social Development, Finance & Administration Division

City of Toronto, 14th Floor East Tower, Toronto City Hall

416-392-5140

[email protected]

For more information on services for seniors in Toronto, visit:

toronto.ca/seniors

Documents

Toronto Older Adult Profile · Older Adult Income and Housing Profile Presentation to Seniors Strategy Accountability Table Tuesday, March 22, 2016, Metro Hall Do you need assistance