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Homeowner politics and housing supply

Author

Listed:
  • Fang, Limin
  • Stewart, Nathan
  • Tyndall, Justin

Abstract

This paper examines whether homeowner opposition to nearby housing development affects local councillors’ votes on housing bills. Homeowners benefit financially from restricted housing supply through increased housing prices. City councillors, who approve housing development applications, cater to the needs of homeowners who are often long-term resident voters with a financial stake in neighbourhood amenity levels. Using data from Toronto, Canada from 2009 to 2020, we identify housing bills through a machine learning algorithm. We find that councillors who represent more homeowners oppose more housing bills. In particular, councillors are significantly more likely to oppose large housing developments if the project is within their own ward.

Suggested Citation

  • Fang, Limin & Stewart, Nathan & Tyndall, Justin, 2023. "Homeowner politics and housing supply," Journal of Urban Economics, Elsevier, vol. 138(C).
    • Handle: RePEc:eee:juecon:v:138:y:2023:i:c:s0094119023000785
    DOI: 10.1016/j.jue.2023.103608
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    More about this item

    Keywords

    Housing supply; Urban development; Land-use regulation; NIMBYism;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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