Open AccessFormation of Demand in the Residential Real Estate Market of Canada: Modern Trends
Author(s) -
Руди Людмила Юрьевна,
Тропникова Татьяна Александровна
Publication year - 2019
Publication title -
vestnik nguèu
Language(s) - English
Resource type - Journals
ISSN - 2073-6495
DOI - 10.34020/2073-6495-2019-4-320-331
Subject(s) - real estate , residential real estate , economics , supply and demand , capitalization rate , business , real estate investment trust , finance , microeconomics
The situation in the residential real estate market in Canada, namely, the formation of demand for housing in the face of rising prices is analyzed in this article. The key factors of demand formation are identified, such as prices, incomes and assets of households, the ratio of incomes of groups of people with different levels of education, household preferences by type of housing, immigration flows. Based on a theoretical analysis and analysis of statistical data over a long period of time, current trends in the formation of demand in the Canadian residential real estate market are identified. A conclusion on an objective basis for price increases in the residential real estate market is substantiated.