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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Mixed-income Housing


Synonyms:mixed assets housing, mixed class housing, mixed revenue housing
Filed Under: financial-banking, real-estate
Tags: banking, housing, realty
 

Definition of mixed-income housing

mixed-income housing
1. A community or neighbourhood where the residents earn wages and salaries that vary drastically.

Related Terms and Acronyms:

  • active income   Active income refers to wages, tips, and profits from your business or employment that you partake in. It also includes portfolio income such as interest and dividends, but you cannot usually offset active income with passive losses.
  • amenities   Amenities are features such as green space, playgrounds, community centres, shopping malls, or swimming pools that make a neighbourhood or community more desirable for living.
  • co-housing   Also called cooperative housing and community housing, is an arrangement in which dwelling units have access to a shared space with a large kitchen, dining hall, laundry and children's play areas.
  • earned income   Money earned through wages, salaries, tips, net earnings (if self-employed), and any other income received for work or personal services. Investment income, such as dividends and interest, is not counted as earned income.
  • household income (HHI)   The total income of all members of a household.
  • housing discrimination   The illegal practice of discriminating against buyers or renters of dwellings on the basis of race, colour, religion, national origin, sex, family status or disability.
  • ordinary income   Income that does not qualify as a capital gain including wages, interest, dividends, and net income from a business.
  • unearned income   Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.

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