(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) We know transnational ownership of properties is real. But how should we define it? And how many properties are owned by who where? First to definitions. We’re primarily interested in ownership of dwellings, where we can define ownership of properties in terms of titles and – in the relatively rare case of corporate ownership – in terms of beneficial ownership. Given this start, we can define transnational ownership of properties in at least two ways, the key distinction being how we locate property owners.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) TLDR Commodification of housing: what does it mean? Is it a problem? Can we decommodify housing? Can we establish a baseline for often this occurs in property transactions? Here we draw upon a recent Statistics Canada data release and older Census data to walk through some of these questions. Commodification in Property Transactions The commodification of housing has been identified as a problem to be resisted by a wide range of analysts and commentators.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) TLDR: Combining our two major sources of data on the “foreignness” of property owners suggests at least half of those owning property in high demand parts of BC but living outside of Canada are Canadian citizens or permanent residents. How Foreign Are You? BC housing discussions have often focused on various aspects of “foreignness” – foreign buyers, foreign owners, non-resident owners, foreign capital, home owners with non-anglicized last names, out of province buyers, buyers on 10-year entry program, foreign landlords – the list goes on in bewildering variety, and each category comes with it’s own range of interpretations and definitions.
We have previously look at T1FF tax data which is an extremely rich annual administrative data source. The cansim tables have a range of variables to inform about incomes of individuals, families (sliced by number of children, including zero children), low income statistics, and just statistics about the number of taxfilers and dependants by age. It’s available on cansim for Canada overall, the provinces and CMAs/CAs. That’s great, but sometimes it’s nice to have finer geographic detail.
Today StatCan released four more tables of data from the Canadian Housing Survey, all around the concept of Core Housing Need. Core housing need aims to measure housing stress based on affordability, suitability (crowding) and adequacy (disrepair). It applies to all households with shelter-cost-to-income ratio less than 100%, excluding non-family student-lead households, that aren’t able to afford an adequate and suitable home in their region. We want to give a quick overview what’s in the new data release.