Literature Review of Socio-economic Trends Affecting Consumers and Housing Markets

📖 The Scoop

The purpose of this report is to review and consolidate existing research regarding the impact of socio-economic trends on consumers and housing markets, discuss current thinking, identify research gaps and prioritize future research. The terms of reference for this report called for the inclusion of such topics as: the cost of housing and factors contributing to costs; tenure choice and consumer housing preferences; economic factors (such as employment, income, interest rates, inflation and taxation); demographic factors (such as aging, changes in households composition, immigration and migration); sustainable development and infrastructure needs; evidence of market failure; consumer environmental awareness; and land use planning (such as smart growth and growth management. Because of the significant amounts of research already done on affordable housing, the scope of the study excludes information gaps and trends in relation to the need for and availability of affordable housing. It also excludes financial product and public policy development, since these topics are more thoroughly addressed through other CMHC research reports. The report outlines the recent and future aspects of various trends, drawing on major findings in Australia, New Zealand, United Kingdom and Unites States where appropriate. A discussion of the regional and submarket variations within Canada of the various issues and trends is provided and the report identifies potential research priorities in Canada. The report also contains a full bibliography of all sources consulted.

Genre: Business & Economics / Real Estate / General (fancy, right?)