scholarly journals Stimulating the rental market : federal and provincial housing policy from 1935-2019

2021 ◽  
Author(s):  
Tessa Chapman
Keyword(s):  
Housing Policy ◽  
Average Rate ◽  
Supply And Demand ◽  
Rental Housing ◽  
Time Frame ◽  
Vacancy Rate ◽  
Rental Market ◽  
Vacancy Rates

[Para. 1 of Introduction] The Canadian Rental Housing Index outlines that in 2018, Ontario’s rental market is as unhealthy as it has ever been (Canadian Rental Housing Index, n.d.). This is due to the fact that the supply of rental housing has not kept up with the growing demand for this tenure type. From 2011-2016, the average rate of renter formation1 was approximately 34,000 renter households per year (Urbanation, 2019). During this same period approximately 5,000 purpose-built rental units were completed CMHC, 2018). This misalignment between the supply and demand of rental housing has resulted in extremely low vacancy rates. In 2017, the vacancy rate in Ontario hit 1.6%, the lowest it has been since 2000 (CMHC, 2017). It is important to recognize that the roots of this problem in Ontario reach back further than the last ten years, but the problems have become increasingly acute during this time frame.

scholarly journals Stimulating the rental market : federal and provincial housing policy from 1935-2019

2021 ◽  
Author(s):  
Tessa Chapman
Keyword(s):  
Housing Policy ◽  
Average Rate ◽  
Supply And Demand ◽  
Rental Housing ◽  
Time Frame ◽  
Vacancy Rate ◽  
Rental Market ◽  
Vacancy Rates

[Para. 1 of Introduction] The Canadian Rental Housing Index outlines that in 2018, Ontario’s rental market is as unhealthy as it has ever been (Canadian Rental Housing Index, n.d.). This is due to the fact that the supply of rental housing has not kept up with the growing demand for this tenure type. From 2011-2016, the average rate of renter formation1 was approximately 34,000 renter households per year (Urbanation, 2019). During this same period approximately 5,000 purpose-built rental units were completed CMHC, 2018). This misalignment between the supply and demand of rental housing has resulted in extremely low vacancy rates. In 2017, the vacancy rate in Ontario hit 1.6%, the lowest it has been since 2000 (CMHC, 2017). It is important to recognize that the roots of this problem in Ontario reach back further than the last ten years, but the problems have become increasingly acute during this time frame.

scholarly journals Rental Relations in the Sector of Residential Real Estate: Present-Day Aspect

2019 ◽  
Vol 29 (3) ◽  
pp. 499-506
Author(s):  
Anna Pakhomova ◽  
Andrey Novikov
Keyword(s):  
Real Estate ◽  
Supply And Demand ◽  
Rental Housing ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
Economic Stability ◽  
The Real Estate ◽  
Rental Market ◽  
System Perfection ◽  
Household Incomes

The rental market of residential real estate has not been fully formed, and, in addition, in this sector there are problems of developing rental relations in the field of residential real estate that prevent the development of their sustainable system. Perfection of the sector of residential real estate rent is necessary for providing economic stability in the country and developing the rental housing market. The article examines the concept and brings forth a classification of residential real estate, characterizes the legal basis of rental relations, the problems of development of such relations in the sector of residential real estate. A particular emphasis is placed on improving the system of rental relations which includes balancing supply and demand in the rental market, establishment of rent in accordance with the household incomes, as well as development of rental services in the sector of residential real estate which are provided by intermediary firms in the real estate market.

A Study on the Improvement of the Public Rental Housing Policy in Korea

2009 ◽  
Vol 39 (3) ◽  
pp. 727-744
Author(s):  
Sang-Bong KIM ◽  
Ki-Sik HWANG ◽  
Rok RYU
Keyword(s):  
Housing Policy ◽  
Rental Housing ◽  
The Public ◽  
Public Rental Housing

Rental Housing and the Natural Vacancy Rate

2010 ◽  
Vol 32 (4) ◽  
pp. 413-434 ◽  
Author(s):  
Daniel Hagen ◽  
Julia Hansen
Keyword(s):  
Rental Housing ◽  
Vacancy Rate

Towards a well-informed rental housing policy in Ghana: differentiating between critics and non-critics of the rent advance system

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Richmond Juvenile Ehwi ◽  
Lewis Abedi Asante ◽  
Emmanuel Kofi Gavu
Keyword(s):  
Housing Policy ◽  
Goodness Of Fit ◽  
Rental Housing ◽  
Chi Square ◽  
Content Type ◽  
Housing Characteristics ◽  
Employment Sector ◽  
General Elections ◽  
The One ◽  
Formal And Informal Sectors

Purpose In Ghana, the practice of landlords demanding that renters pay rent advance (RA) of between six months and five years is well noted. Surprisingly, renters appear divided into the benefits and drawbacks of the rent advance payment. Ahead of the 2020 general elections, the two leading political parties in Ghana promised to establish a rent assistance scheme to help renters working in the formal and informal sectors and earning regular incomes to pay their RA. This paper aims to scrutinize the differences in the demographic, employment and housing characteristics between the critics and non-critics of the RA payment in Ghana and the factors that predict the likelihood of being a critic of the RA system. Design/methodology/approach The study is exploratory and draws empirical data from surveys administered to 327 graduate renters from 13 regions in Ghana. It uses non-parametric and parametric tests, namely, Chi-square goodness-of-fit and T-test to explore these differences between both critics and non-critics of the RA. Findings There are statistically significant differences between critics and non-critics in terms of the association between their educational attainment on the one hand and their marital status, employment status and employment sector on the other hand. The research also reveals that monthly expenditures, number of bedrooms and RA period significantly predict the likelihood of being a critic of the RA payment or otherwise. Practical implications The study provides evidence which policymakers can draw upon to inform housing policy. Originality/value The study is the first to study the housing characteristics of graduate renters and to quantitatively distinguish between critics and non-critics of RA payment in Ghana.

scholarly journals International Real Estate Review

2011 ◽  
Vol 14 (2) ◽  
pp. 159-183
Author(s):  
Oliver Bischoff ◽  
Keyword(s):  
Household Income ◽  
Birth Rate ◽  
Flow Model ◽  
Positive Impact ◽  
Data Set ◽  
Rental Market ◽  
East German ◽  
Vacancy Rates ◽  
Stock Flow

We apply the stock flow model for the German residential rental market using a data set that includes the overwhelming majority of nomenclature of territorial units for statistics (NUTS) 3 regions for the 2004-2007 period. Aside from proving conditional rental price convergence, we have detected a turnaround in vacancy stocks between the short and the long term. While East German counties and West German independent cities currently exhibit the highest and lowest vacancy rates, respectively, the opposite holds true at equilibrium. Leaning on theoretical suggestions, landlords in well-developed areas have incentives to hold onto vacancies in view of future rent increases. Our results support this idea, which demonstrates the significantly positive impact of household income and net birth rate on the natural vacancy rate.

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