Housing in Canada Features Issues Market: ownership or rental
{"Image DocumentName": "Housing in Canada Features Issues Market: ownership or rental", "Image ImageDescription": "Social housing \u2013 rental. High homeownership rates historically (67-70%) Homeownership increasing over past decades  Major changes by federal government after WWII. Affordability. Rental: Lack of new, quality of stock. Past development patterns and reliance on cars. Homeownership vs rental patterns changing. Energy and water efficiency and sustainability \u2013 compact communities. Housing in Canada. Moving now to housing specifically. Want to introduce the \u2018how housing works\u2019 in Canada. Generally speaking, housing is one of two types: Market: ownership or rental = no help to pay for this type of housing, the \u2018market\u2019 builds and sells or rents to people. Housing usually owned or rented. Social housing \u2013 type of rental housing that is mostly or all paid by government; purpose = to help those in financial need who can\u2019t afford to pay for housing themselves. High homeownership rates historically (67-70%) Homeownership increasing over past decades  = but in last decade, this is changing in larger urban centres and rates are lowering again.. Major changes by federal government after WWII = \u2018created\u2019 the housing system we have today \u2013 financial lenders, mortgages, builders, insurance companies etc. Before this, banks were major lenders and often required large downpayments (e.g., 50-60%) before they would lend money for a mortgage for a house. A lot of issues with housing in Canada. Affordability = housing across Canada becoming highly unaffordable for increasing numbers of people. British Columbia, province where I live, is the most unaffordable province in Canada. In part due to very high housing costs and in part to lower incomes than in some other parts of Canada. Rental: Lack of new rental housing, quality of existing rental stock can be poor/old. Past development patterns and reliance on cars. Homeownership vs rental patterns changing = especially in larger centres \u2013 e.g., Vancouver about 52% renters; Victoria about 60% renters. Energy and water efficiency and sustainability \u2013 compact communities = great resistance to change in Canadian cities. For so many years, everything was cheap and Canada is seen as having \u2018lots of space\u2019 and \u2018lots of water\u2019 and \u2018lots of energy\u2019 so why is there a need to change? Building Code \u2013 changes in British Columbia \u2013 resistance to making more \u2018energy efficient \u2018", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}