These are stories Report on Business is following Wednesday, Sept. 11., 2013.
Tablets to eclipse PCs
The mobile revolution is picking up speed.
So much so that research firm IDC now projects that tablet shipments will top those of desktop computers and laptops in the fourth quarter of this year.
While PC shipments will still outpace tablets for the year as a whole, IDC said in a report today it expects tablets to be winning the war by the end of 2015 on an annual basis.
For all of this year, IDC forecasts sales of 134.4 million desktops, 180.9 million laptops and 227.3 million tablets. That represents market share of 8.6 per cent, 11.6 per cent and 14.6 per cent, respectively.
Looking further out, IDC projects tablets will command 16.5 per cent of the market, compared to 8 per cent for laptops and just 5 per cent for desktops.
The rest of the market is made up by smartphones.
Spending more on housing
One-quarter of Canadian families spend more than they should on housing, the 2011 National Household Survey shows.
That’s further evidence that many Canadians are living beyond their means, burdened by high debts, though that has been easing.
According to the survey released today by Statistics Canada, 3.3 million Canadian households spend 30 per cent or more of total income for shelter.
Of those, about 1.7 million are owners, and 1.6 million rent.
“Although the overall numbers were similar, given there are more homeowners than renters, a larger proportion of tenant households exceeded the affordability threshold,” Statistics Canada said.
“In 2011, 40.1 per cent of households that rented their dwelling paid 30 per cent or more of their total income towards shelter costs, compared with about one-fifth (18.5 per cent) of owner households,” the federal agency added in the report.
The numbers vary across the country, of course, but Vancouver accounts for the highest, at 33.5 per cent, and Saguenay the lowest, at 18.9 per cent.
The 30-per-cent threshold is one that was agreed on as a benchmark by Canada Mortgage and Housing Corp. and provincial officials in 1986.
Characteristics of the condo dweller
Here’s what the 2011 National Household Survey says about condo dwellers:
1. More than 1.6 million households are now in condominiums. That’s 12.1 per cent, up from 10.9 per cent in in 2006.
2. Of those, 1.15 million own, and about 460,000 rent.
3. Almost 77 per cent of those condo households are concentrated in 10 cities, as you’d expect. Toronto, Vancouver and Montreal are home to 53.5 per cent of condo dwellers.
4. Among those top 10 cities, high-rises accounted for 67.4 per cent in Toronto, while low-rises accounted for 69.5 per cent in Quebec City, 64.2 per cent in Montreal and 53.7 per cent in Victoria. Row houses accounted for 60 per cent in London, Ont., and 55 per cent in Hamilton.
5. More than 45 per cent of condo owners are “non-family,” compared to just 15.6 per cent in other homes. More than 42 per cent are “couple-family,” with or without kids.
6. People under the age of 35 account for the “primary household maintainer” in condos, compared to 10.5 per cent in other homes.
7. Those over 65 represented 26.1 per cent.
8. Average annual household income for condo owners is $33,000 less than that of other homeowners, some $80,000 a year vs. $113,000. Breaking that down: Income for those between the ages of 35 and 64 is $38,000 lower, while that of those under 35 is $24,000 lower and that of those 65 and up is $12,000 lower.
9. On average, condo owners expect they would sell for $327,000, compared to $472,000 among other homeowners.
Keeping up with the Joneses
Some high-end highlights from the 2011 National Household Survey:
1. Making the top 1 per cent requires total income of $191,100, almost seven times the national median of $27,800.
2. Making the top 5 per cent requires $102.300.
3. Making the top 10 per cent requires $80,400.
4. Almost 88 per cent of those in the top 1 per cent are in five professional groups: Management (38.8 per cent), health (14.3 per cent), business, finance and administration (13.7 per cent), education, law and social and government services (11 per cent), and natural and applied sciences and related occupations (9.9 per cent).