IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v32y1995i3p579-604.html
   My bibliography  Save this article

Private Rental Housing: The Canadian Experience

Author

Listed:
  • John R. Miron

    (Centre for Urban and Community Studies, University of Toronto, 455 Spadina Avenue, Toronto, Ontario, Canada M5S 2G8)

Abstract

Almost three persons in ten in Canada currently rent their accommodation in the private sector: whether in the conventional or non-conventional rental stock. Over the past half-century, there have also been major improvements in financing and in the liquidity of the rental stock—widely thought to be important in attracting investment in rental housing—and all levels of Canadian government have experimented with a broad range of housing subsidies and initiatives. In this paper, outcomes in private markets for rental housing are seen as a consequence of a shift in demand or supply that may itself reflect a policy initiative. This paper examines two markets: a market for rental housing stock (whose outcomes include property prices, new construction, renovation, demolitions, conversions and other alterations) and a market for rental accommodation (whose outcomes include rents, vacancy rates, usage and the assignment of households to dwellings). The paper reviews basic data on market outcomes in Canada since the Second World War. It then discusses important shifts in the demand for, and supply of, rental accommodation and describes major policy initiatives that may have affected these.

Suggested Citation

  • John R. Miron, 1995. "Private Rental Housing: The Canadian Experience," Urban Studies, Urban Studies Journal Limited, vol. 32(3), pages 579-604, April.
    • Handle: RePEc:sae:urbstu:v:32:y:1995:i:3:p:579-604
    DOI: 10.1080/00420989550012988
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420989550012988
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420989550012988?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Weber, Shlomo & Wiesmeth, Hans, 1990. "Equilibria in a market with state-contingent rental contracts," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 23-41, June.
    2. Olsen, Edgar O., 1987. "The demand and supply of housing service: A critical survey of the empirical literature," Handbook of Regional and Urban Economics, in: E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 2, chapter 25, pages 989-1022, Elsevier.
    3. Smith, Lawrence B & Rosen, Kenneth T & Fallis, George, 1988. "Recent Developments in Economic Models of Housing Markets," Journal of Economic Literature, American Economic Association, vol. 26(1), pages 29-64, March.
    4. Kanemoto, Yoshitsugu, 1990. "Contract types in the property market," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 5-22, June.
    5. Lawrence B. Smith, 1981. "Canadian Housing Policy in the Seventies," Land Economics, University of Wisconsin Press, vol. 57(3), pages 338-352.
    6. Sweeney, James L., 1974. "A commodity hierarchy model of the rental housing market," Journal of Urban Economics, Elsevier, vol. 1(3), pages 288-323, July.
    7. Marion Steele, 1993. "Conversions, Condominiums and Capital Gains: The Transformation of the Ontario Rental Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 30(1), pages 103-126, February.
    8. George Fallis & Lawrence B. Smith, 1985. "Rent Control in Toronto: Tentant Rationing and Tenant Benefits," Canadian Public Policy, University of Toronto Press, vol. 11(3), pages 543-550, September.
    9. Stull, William J., 1978. "The landlord's dilemma : Asking rent strategies in a heterogeneous housing market," Journal of Urban Economics, Elsevier, vol. 5(1), pages 101-115, January.
    10. Lawrence B. Smith & Peter Tomlinson, 1981. "Rent Controls in Ontario: Roofs or Ceilings?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(2), pages 93-114, June.
    11. Guasch, J. Luis & Marshall, Robert C., 1987. "A theoretical and empirical analysis of the length of residency discount in the rental housing market," Journal of Urban Economics, Elsevier, vol. 22(3), pages 291-311, November.
    12. George Fallis & Lawrence B. Smith, 1985. "Price Effects of Rent Control on Controlled and Uncontrolled Rental Housing in Toronto: A Hedonic Index Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 18(3), pages 652-659, August.
    13. Thomas J. Miceli, 1989. "Housing Rental Contracts and Adverse Selection with an Application to the Rent‐Own Decision," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 403-421, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Weber, Jan Philip & Lee, Gabriel, . "On the Measure of Private Rental Market Regulation Index and its Effect on Housing Rents: Cross Country Evidence," Beiträge zur Immobilienwirtschaft, University of Regensburg, Department of Economics, number 21, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Arnott, 1995. "Time for Revisionism on Rent Control?," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 99-120, Winter.
    2. Ballesteros, Marife M., 2001. "Benefits (and Losses) From Rent Control in the Philippines: An Empirical Study of Metro Manila," Discussion Papers DP 2001-23, Philippine Institute for Development Studies.
    3. Edwin Van Gameren & Michiel Ras & Evelien Eggink & Ingrid Ooms, 2005. "The demand for housing services in the Netherlands," ERSA conference papers ersa05p327, European Regional Science Association.
    4. Arnott, Richard & Igarashi, Masahiro, 2000. "Rent control, mismatch costs and search efficiency," Regional Science and Urban Economics, Elsevier, vol. 30(3), pages 249-288, May.
    5. Konstantin A Kholodilin & Andreas Mense & Claus Michelsen, 2017. "The market value of energy efficiency in buildings and the mode of tenure," Urban Studies, Urban Studies Journal Limited, vol. 54(14), pages 3218-3238, November.
    6. Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2014. "Regulation, Innovation and Technology Diffusion: Evidence from Building Energy Efficiency Standards in Germany," Discussion Papers of DIW Berlin 1371, DIW Berlin, German Institute for Economic Research.
    7. Malpezzi, Stephen & Maclennan, Duncan, 2001. "The Long-Run Price Elasticity of Supply of New Residential Construction in the United States and the United Kingdom," Journal of Housing Economics, Elsevier, vol. 10(3), pages 278-306, September.
    8. Miguel Angel López García, 1992. "Algunos aspectos de la economía y la política de la vivienda," Investigaciones Economicas, Fundación SEPI, vol. 16(1), pages 3-41, January.
    9. Christopher J. Mayer & C. Tsuriel Somerville, 1996. "Unifying empirical and theoretical models of housing supply," Working Papers 96-12, Federal Reserve Bank of Boston.
    10. Mayer, Christopher J. & Somerville, C. Tsuriel, 2000. "Residential Construction: Using the Urban Growth Model to Estimate Housing Supply," Journal of Urban Economics, Elsevier, vol. 48(1), pages 85-109, July.
    11. Basu, Kaushik & Emerson, Patrick M, 2000. "The Economics of Tenancy Rent Control," Economic Journal, Royal Economic Society, vol. 110(466), pages 939-962, October.
    12. Zabel, Jeffrey E., 2004. "The demand for housing services," Journal of Housing Economics, Elsevier, vol. 13(1), pages 16-35, March.
    13. Konstantin A. Kholodilin, 2022. "Rent Control Effects through the Lens of Empirical Research: An almost Complete Review of the Literature," Discussion Papers of DIW Berlin 2026, DIW Berlin, German Institute for Economic Research.
    14. Ernst Rätzer, 1987. "Mieterschutz und Wohnungsmarkt. Die Mietpreisbeschränkung im schweizerischen Missbrauchsbeschluss," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 123(I), pages 23-45, March.
    15. Rouwendal, Jan, 1998. "On Housing Services," Journal of Housing Economics, Elsevier, vol. 7(3), pages 218-242, September.
    16. Hubert, Franz, 1995. "Contracting with costly tenants," Regional Science and Urban Economics, Elsevier, vol. 25(5), pages 631-654, October.
    17. Miceli, Thomas J. & Sirmans, C. F., 1999. "Tenant Turnover, Rental Contracts, and Self-Selection," Journal of Housing Economics, Elsevier, vol. 8(4), pages 301-311, December.
    18. Seshimo, Hiroyuki, 2014. "Adverse selection versus hold up: Tenure choice, tenancy protection and equilibrium in housing markets," Regional Science and Urban Economics, Elsevier, vol. 48(C), pages 39-55.
    19. Harold W. Elder & Leonard V. Zumpano, 1991. "Tenure Choice, Housing Demand, and Residential Location," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 341-356.
    20. Richard K. Green & Stephen Malpezzi & Stephen K. Mayo, 2005. "Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources," American Economic Review, American Economic Association, vol. 95(2), pages 334-339, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:32:y:1995:i:3:p:579-604. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.