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4 | Page <br />City of Little Canada Housing Study - 2025 <br />Table of Contents <br />EXECUTIVE SUMMARY ............................................................................................................. 2 <br />INTRODUCTION ........................................................................................................................ 5 <br />2040 Comprehensive Plan – Housing Goals ........................................................................................... 5 <br />SECTION ONE – COMPARATIVE ANALYSIS .............................................................................. 8 <br />Population & Demographics ............................................................................................................... 9 <br />Age of Population ................................................................................................................................. 9 <br />Race and Ethnicity .............................................................................................................................. 10 <br />Income and Poverty ............................................................................................................................ 11 <br />Education .......................................................................................................................................... 12 <br />Population Demographic Takeaways ................................................................................................... 14 <br />Housing Stock Overview ................................................................................................................... 15 <br />Housing Types .................................................................................................................................... 15 <br />Size and Stories of Living Area ............................................................................................................. 17 <br />Accessibility....................................................................................................................................... 18 <br />Age of Housing Stock .......................................................................................................................... 19 <br />Housing Stock Takeaways ................................................................................................................... 21 <br />Housing Market Dynamics ................................................................................................................ 22 <br />Vacancy Rate and Longevity ................................................................................................................ 22 <br />Housing Financing .............................................................................................................................. 23 <br />Sales Trends ...................................................................................................................................... 24 <br />Housing Costs ................................................................................................................................... 26 <br />Affordable Housing Supply .................................................................................................................. 29 <br />Housing Market Dynamics Takeaways ................................................................................................. 32 <br />SECTION 2 – LITTLE CANDA IN FOCUS .................................................................................. 33 <br />Population and Housing Stock Within Little Canada........................................................................... 34 <br />Age of Population ............................................................................................................................... 34 <br />Race and Ethnicity .............................................................................................................................. 35 <br />Income and Poverty ............................................................................................................................ 36 <br />Vacancy Rate ..................................................................................................................................... 38 <br />Housing Age ....................................................................................................................................... 39 <br />Market Value of Parcels....................................................................................................................... 40 <br />Demographic Distributions Within Little Canada Takeaways ................................................................. 42 <br />Zoning and Land Use ........................................................................................................................ 43 <br />Zoning Classifications ........................................................................................................................ 43 <br />Land Use Efficiency ............................................................................................................................ 43 <br />Single-Family Property Characteristics ................................................................................................ 44 <br />Zoning and Land Use Takeaways ......................................................................................................... 46 <br />KEY FINDINGS ........................................................................................................................ 47 <br />NEXT STEPS ............................................................................................................................ 48 <br />TABLE OF FIGURES ................................................................................................................. 49 <br /> <br />