In Banff 67.5% of home owners have a mortgage on their home. 23.9% of home owners in Banff spend more than 30% of their household income on shelter costs. When it comes to rented homes, 6.5% of the rented homes in Banff are subsidized and the remaining 93.5% pay market rent. Subsidized housing is government sponsored economic assistance program aimed towards alleviating housing costs and expenses for people in need with low to moderate incomes. 33.6% of tenants in Banff spend over 30% of their household income on shelter costs.
| Statistic | Dollar Amount |
|---|---|
| Homes with a mortgage | 67.50% |
| Homes spending more than 30% of household income on the home | 23.90% |
| Homes that are subsidized by tax payers | 6.50% |
| Rented homes where more than 30% of household income is spent on shelter costs | 33.60% |