The Decline of the Immigrant Homeownership Advantage: Life-cycle, Declining Fortunes and Changing Housing Careers in Montreal, Toronto and Vancouver, 1981-2001
In the past, working-age immigrant families in Canada's large urban centres had higher homeownership rates than the Canadian-born. Over the past twenty years however, this advantage has reversed, due jointly to a drop in immigrant rates and a rise in the popularity of homeownership among the Canadian-born. This paper assesses the efficacy of standard consumer choice models, which include indicators for age, income, education, family type, plus several immigrant characteristics, to explain these changes. The main findings are that the standard model almost completely explains the immigrant homeownership advantage in 1981, as well as the rise over time among the Canadian-born, but even after accounting for the well-known decline in immigrant economic fortunes, only about one-third of the 1981-2001 immigrant change in homeownership rates is explained. The implications of this inability are discussed and several suggestions for further research are made.
|Date of creation:||03 Feb 2005|
|Contact details of provider:|| Postal: Tunney's Pasture, Ottawa, Ontario, K1A 0T6|
Web page: http://www.statcan.gc.ca
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hou, Feng, 2004. "Recent Immigration and the Formation of Visible Minority Neighbourhoods in Canada's Large Cities," Analytical Studies Branch Research Paper Series 2004221e, Statistics Canada, Analytical Studies Branch.
- James Ted McDonald & Christopher Worswick, 1998. "The Earnings of Immigrant Men in Canada: Job Tenure, Cohort, and Macroeconomic Conditions," ILR Review, Cornell University, ILR School, vol. 51(3), pages 465-482, April.
- Heisz, Andrew & Jackson, Andrew & Picot, Garnett, 2002. "Winners and Losers in the Labour Market of the 1990s," Analytical Studies Branch Research Paper Series 2002184e, Statistics Canada, Analytical Studies Branch.
- Kerwin Kofi Charles & Erik Hurst, 2002. "The Transition To Home Ownership And The Black-White Wealth Gap," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 281-297, May.
- Drolet, Marie & Morissette, Rene & Zhang, Xuelin, 2002. "The Evolution of Wealth Inequality in Canada, 1984-1999," Analytical Studies Branch Research Paper Series 2002187e, Statistics Canada, Analytical Studies Branch.
- Moffitt, Robert A., 1999. "New developments in econometric methods for labor market analysis," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 24, pages 1367-1397 Elsevier.
- Frenette, Marc & Morissette, Rene, 2003. "Will They Ever Converge? Earnings of Immigrants and Canadian-born Workers over the Last Two Decades," Analytical Studies Branch Research Paper Series 2003215e, Statistics Canada, Analytical Studies Branch.
- Baker, Michael & Benjamin, Dwayne, 1994. "The Performance of Immigrants in the Canadian Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 12(3), pages 369-405, July.
- Coulson, N. Edward, 1999. "Why Are Hispanic- and Asian-American Homeownership Rates So Low?: Immigration and Other Factors," Journal of Urban Economics, Elsevier, vol. 45(2), pages 209-227, March.
When requesting a correction, please mention this item's handle: RePEc:stc:stcp3e:2005238e. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown)
If references are entirely missing, you can add them using this form.