REAL 1820 Lecture 3: Real Estate Lecture 3
28 Nov 2015
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Document Summary
Evolution of the housing problems. 1 poor housing quality prior to 1950 lack of indoor plumbing poor insulation, heating systems. 2 since then housing affordability: canadians are spending a larger percentage of their income on housing than they did before. The complicated nature of housing problems. 2 housing problems are not pure housing matters. 3 housing market is a complex web of interrelated sectors. The need for good housing policies. To solve housing problems, we need well- designed housing policies. The role of governments in policy making: (three levels) 3 federal: main policy maker, and when required, funder of housing programs. ** canada mortgage and housing corporation (cmhc): administer housing programs at the federal level. 4 provincial: supporters of federal programs, and sometimes innovators of local programs. 5 municipal (cities): controllers of land use approvals. Two types of market in which the housing industry is operating:
