What Is The Threats Of The Real Estate Development In Canada

With Massachusetts State spending on affordable housing and open space at a historic low, when considered as a percentage of the total budget, the production of dwelling units and the conservation of land have become the responsibility of local government, but cities and towns do not build housing, except in rare circumstances. As well they do not routinely buy expensive tracts of open land,

This paper will argue how Canada's housing market is at an all time high, we are known in Vancouver for having the most expensive housing market. This expensive market is not just a Vancouver problem, it is an issue growing through out the nation and is depriving the average citizen to be able to purchase a house in there life time. There is a major issue with the state of our market and how it effects out current citizens. Issues have been arising where the average wage in Vancouver is estimated at seventy seven thousand per family house hold, yet the average costing home as reached between five hundred thousand in the

The acute housing crisis in the Indigenous communities always has a critical issue in Canada. Recently Government officials termed it as ‘housing crisis,' due to the contemporary housing shortage in combination with a growing indigenous population. The housing crisis in aboriginal communities is not new to those working in the housing sector, and of course a timeworn problem for indigenous communities. Adequate housing is the right of every human being. Housing is not just a physical structure for shelter rather it is a home, a place of spiritual belongings to its inhabitants. Aboriginal people have specific housing needs and aspirations. This paper starts with the argument that the Canadian housing policy has largely overlooked indigenous

Ultimately, the impact of gentrification on the Downtown Eastside will be most felt by its current low-income residents. It is understood that the complexity of the issues found in the Downtown Eastside does not allow for an easy fix. The extent to which gentrification’s impacts have been and will be felt by those living in the area are and will be great, respectively. While gentrification may bring diversity to Vancouver, it is at the expense of the many disadvantaged residents of the Downtown Eastside who will be

In the constantly changing economy of cities, the growth of city housing is oftentimes neglected. In “Cities Mobilize to Help Those Threatened by Gentrification” Timothy Williams recounts how gentrification has evolved over the years. Mentioning how cities have changed in order to appease the younger professionals, Williams shows how the city itself is in jeopardy due to the tax increases. Slowly loosing their faithful residents as well as historic culture cities face a big deal. Williams gives quotes from faithful residents, “…long time homeowners are victims of the success story”, (Williams 346). In “Cities Mobilize to Help Those Threatened by Gentrification”, Williams uses his credible quotes and modern statistics to generate the reader’s emotions, with desire to change how city officials go about gentrification in culturally infused cities.

Canada 's housing market is at an all-time high, they are known in Vancouver for having the most expensive housing market. This expensive market is not just a Vancouver problem, it is an issue growing throughout the nation and is depriving the average citizen to be able to purchase a house in their lifetime. There is a major issue with the state of the market and how it affects the current citizens. Issues have been rising where the average wage in Vancouver is estimated at seventy-one thousand per family household, according to the Vancouver Sun (2014), yet the average costing home as reached between five hundred thousand in the municipality to over one million within Vancouver, according to articles by Beth Lindsay (2015) of the Vancouver Sun, and Troy Landereville (2015) of The Maple Ridge Times.

South Parkdale is looked at to be one of the most gentrifying areas within Toronto. Many people are wanting to live closer to the inner city becoming more attractive to those with money to make housing choice’s in the downtown core (Slater, 2003). They have taken advantage of the rush of real estate forcing a lot of people to be displaced. Queen’s Hotel in South Parkdale has caused a lot of gentrification driven displacement pushing property value up within Parkdale (Truong, 2013). Many long-time

Canada’s housing market was one of the best for the recent years, but even with all the concern of household debt home prices will still have risen by 5.5 per cent in 2016. Their House prices have nearly doubled in the past decade to keep up with the costs of oil. They continue to have troubles selling houses but continue to build more, as well as condominiums and apartments. Their “New Government” continues to watch housing closely

(Lehrer et al., 2009). It is strongly recommended therefore that gentrification be recognized by the City as both a socio-spatial process that is highly unsustainable and socially unjust. Furthermore, we need to establish an understanding not just as an unfortunate by-product of market-led or state-facilitated development in Toronto's inner city (and beyond), but as an integral part of Toronto's planning as well as policy

As gentrification of housing stress continues, Local Government Areas (LGA) will lose lower income groups and assimilate into a predominance of higher income groups, effectively homogenizing the population and decreasing diversity. This trend will drive the housing market price up, decrease housing affordability and deter outsiders into joining the community. The existing housing units will experience financial hardships, housing stress, and a gradual deprivation of a means to cope with increasing basic living costs. In order to combat this ongoing issue, speculative approaches by the City have been in consideration.¬¬¬¬

It is also important to recognize Canada and in particular Alberta’s dependence on the development of natural resources to be economically secure. In the past resource development has had less tangible consequences with smaller populations, less advanced extraction methods, and inability to access reserves. In a contemporary setting it appears that natural non-renewable resources are being rapidly depleted in a sequential manor by their most economically redeemable characteristics. Michele Heng, Keith Hipel, and Liping Fang also validate this argument in their paper that the rapid oil sand development does not consider future generations economic, social, and environmental well being. This displays many clear intersections present the issue of oil and gas development in Alberta. The ramifications however can be seen across provinces and globally. The pollution resulting from form the tar sands effects water sheds and ecosystems that are nation wide. A new discussion and analysis of not only the long-term adverse environmental implications, but also the political and socio-economic inequities is needed (Heng, M. Kipel, K. Fang, L. pg. 1137). This change in discourse and policy is discussed as well by Jeff Galius in An Act of Deception. Galius emphasizes the need for a scientific based creation of a strong environmental assessment

Well the canadian government doesn’t see this being an issue because they see this as a method of increasing the canadian economy and not the downside effects to people who are in the middle class / lower class who haven't bought a home or trying to pay off their mortgage for their home. If the canadian government wanted to try to fix this issue it wouldn’t be a easy topic to debate about and there's not much facts to why this is really happening except for money laundering or just plain an simple profit for the

In my opinion, the greatest change to the city of Toronto would be the development of affordable housing which would provide it’s residences with more cash flow. The rental market today is out of control. It is impossible to rent a two bedroom apartment for less than $1200.00, which would likely be in a sketchy neighbourhood. The apartment listings today show some rentals up to $4500.00! The only people who could afford to live in a decent area are people who have two incomes well above minimum wage. There are a vast majority of people who are single income earners, and at minimum wage. The housing market is just as impossible to buy since the prices of homes are around the $1 million dollar range. These homes are not grand and luxurious,

The Canadian senior housing market is very broad, both economically and physically. Financial and medical needs have shaped the various different types of senior housing, resulting in benefits and disadvantages of each type. The senior housing market has had many changes over the past few years, due to the influx of baby boomers retiring. These retired baby boomers have started to rapidly shape the housing market not only for seniors, but for society in general. Senior housing choices influence the activity of the housing market, affecting both supply and demand.

With reference to one property development site within the City of London, critically appraise the extent to which that development delivers successful modern property development whilst at the same time respecting the historic sense of identity of the City of London as identified by Glinert.