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Linkages between the formal and informal sectors in a Canadian housing market: Vancouver and its secondary suite rentals
Author(s) -
Mendez Pablo
Publication year - 2017
Publication title -
the canadian geographer / le géographe canadien
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.35
H-Index - 46
eISSN - 1541-0064
pISSN - 0008-3658
DOI - 10.1111/cag.12410
Subject(s) - renting , suite , business , consumption (sociology) , government (linguistics) , secondary market , finance , geography , political science , stock exchange , archaeology , law , social science , linguistics , philosophy , sociology
Key Messages The market in unauthorized secondary suite rentals in Vancouver represents an instance of market informality practiced by middle‐class households in the global north. This informal market enacts a series of backward linkages with formal markets related to consumption goods, labour, land, and finance. Institutional mechanisms at the federal and local government levels shape these linkages in ways that tend to benefit homeowner‐landlords of secondary suites more than renters.