Exercising the Condominium Tenure Option
A Case Study of the Canadian Housing Market
Bibliographic Data
| ID | 4143380 |
|---|---|
| Authors | J Meligrana (Simon Fraser University, corresponding author) |
| Year | 1993 |
| Volume | 25 |
| Issue | 7 |
| Pages | 961-973 |
| Publication date | 1993-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a250961 |
| OpenAlex | W1966088456 |
| Language | EN |
| Citations received | 4 |
| References cited | 16 |
With data from the National Survey of Condominium Occupants conducted by Canada Mortgage and Housing Corporation, the relevant differences between a sample of renters who decided to purchase a condominium and a sample of homeowners who decided to sell their dwelling to buy a condominium are described. The subpopulation differed with respect not only to life-cycle stages and household economic resources but also to stated housing preferences and future housing plans. For example, previous renters were found to be younger households in the earlier stages of the life cycle who purchased lower priced condominiums with more borrowed funds than previous homeowners. A proportion of previous renters, however, were found to be entering the condominium sector late in life. Previous owners, the majority of whom moved from the freehold ownership market, preferred condominium ownership as means of gaining greater physical security and less direct maintenance responsibilities and, therefore, searched for only condominium housing. On the other hand, tenants sought initially to gain entrance into the freehold ownership market before deciding on the purchase of condominiums. Previous tenants are planning to use the equity of their condominiums to move into single detached houses within a short period of time, whereas for previous owners the condominium sector presents a final stage in housing demand. It is concluded that life-cycle stages and household economic resources continue to dominate a household's tenure transition, but this must also be combined with tenure and housing preferences as well as long-term or future housing plans
Business · Corporation · Economics · Freehold · Housing tenure · Labour economics · Leasehold estate · Renting · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban and Rural Development Challenges · Finance
Why families move
Housing in Postwar Canada
The creation of a new housing sector
Housing
Canadian cities in transition
Housing in Postwar Canada
A Two-stage Model of Tenure Choice in the Housing Market
Accessibility and Supply Constraints in the Urban Housing Market
Housing the Two Nations
The Nature of Canadian Condominium Submarkets and Their Effect on the Evolving Urban Spatial Structure
Housing Careers, Life Cycle and Residential Mobility
Housing Consumption and Residential Mobility
Tenure Choice in the Dutch Housing Market
The Housing Life-Cycle and the Transition from Renting to Owning a Home in the United States
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 1995 - 2020 (26) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |