In Cold Lake South 75.4% of home owners have a mortgage on their home. 13.1% of home owners in Cold Lake South spend more than 30% of their household income on shelter costs. When it comes to rented homes, 22% of the rented homes in Cold Lake South are subsidized and the remaining 78% 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. 18.7% of tenants in Cold Lake South spend over 30% of their household income on shelter costs.
| Statistic | Dollar Amount |
|---|---|
| Homes with a mortgage | 75.40% |
| Homes spending more than 30% of household income on the home | 13.10% |
| Homes that are subsidized by tax payers | 22.00% |
| Rented homes where more than 30% of household income is spent on shelter costs | 18.70% |