IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v25y1993i7p961-973.html
   My bibliography  Save this article

Exercising the Condominium Tenure Option: A Case Study of the Canadian Housing Market

Author

Listed:
  • J Meligrana

    (Department of Geography, Simon Fraser University, Burnaby, British Columbia V5A 1S6, Canada)

Abstract

With data from the National Survey of Condominium Occupants conducted by Canada Mortgage and Housing Corporation, the relevant differences between a sample of renters who decided to purchase a condominium and a sample of homeowners who decided to sell their dwelling to buy a condominium are described. The subpopulation differed with respect not only to life-cycle stages and household economic resources but also to stated housing preferences and future housing plans. For example, previous renters were found to be younger households in the earlier stages of the life cycle who purchased lower priced condominiums with more borrowed funds than previous homeowners. A proportion of previous renters, however, were found to be entering the condominium sector late in life. Previous owners, the majority of whom moved from the freehold ownership market, preferred condominium ownership as means of gaining greater physical security and less direct maintenance responsibilities and, therefore, searched for only condominium housing. On the other hand, tenants sought initially to gain entrance into the freehold ownership market before deciding on the purchase of condominiums. Previous tenants are planning to use the equity of their condominiums to move into single detached houses within a short period of time, whereas for previous owners the condominium sector presents a final stage in housing demand. It is concluded that life-cycle stages and household economic resources continue to dominate a household's tenure transition, but this must also be combined with tenure and housing preferences as well as long-term or future housing plans.

Suggested Citation

  • J Meligrana, 1993. "Exercising the Condominium Tenure Option: A Case Study of the Canadian Housing Market," Environment and Planning A, , vol. 25(7), pages 961-973, July.
    • Handle: RePEc:sae:envira:v:25:y:1993:i:7:p:961-973
    DOI: 10.1068/a250961
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a250961
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a250961?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. King, Mervyn A., 1980. "An econometric model of tenure choice and demand for housing as a joint decision," Journal of Public Economics, Elsevier, vol. 14(2), pages 137-159, October.
    2. Mervyn A. King, 1980. "An Econometric Model of Tenure Choice and Demand for Housing as a Joint Decision," NBER Chapters, in: Econometric Studies in Public Finance, pages 137-159, National Bureau of Economic Research, Inc.
    3. Chris Hamnett, 1984. "Housing the Two Nations: Socio-Tenurial Polarization in England and Wales, 1961-81," Urban Studies, Urban Studies Journal Limited, vol. 21(4), pages 389-405, November.
    Full references (including those not matched with items on IDEAS)

    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. 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.
    2. Takase, Mitsuo, 1995. "Econometric estimation for a model with dynamic housing tenure choice," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 39(3), pages 359-365.
    3. Parry, Ian W. H., 2002. "Funding transportation spending in metropolitan Washington, DC: the costs of alternative revenue sources," Journal of Urban Economics, Elsevier, vol. 52(2), pages 362-390, September.
    4. Lawrence Goulder, 2007. "Distributional and Efficiency Impacts of Increased U.S. Gasoline Taxes," Discussion Papers 07-009, Stanford Institute for Economic Policy Research.
    5. Parry, Ian, 2001. "How Should Metropolitan Washington, D.C., Finance Its Transportation Deficit?," RFF Working Paper Series dp-01-12, Resources for the Future.
    6. Koji Miyawaki & Yasuhiro Omori & Akira Hibiki, 2018. "A discrete/continuous choice model on a nonconvex budget set," Econometric Reviews, Taylor & Francis Journals, vol. 37(2), pages 89-113, February.
    7. Ashot Tsharakyan & Petr Zemčík, 2016. "Did rent deregulation alter tenure choice decisions in the Czech Republic?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 24(2), pages 335-360, April.
    8. Isaac F. Megbolugbe & Peter D. Linneman, 1993. "Home Ownership," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 659-682, May.
    9. Patric H. Hendershott & James D. Shilling, 1981. "The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981," NBER Working Papers 0825, National Bureau of Economic Research, Inc.
    10. 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.
    11. Cansino Muñoz-Repiso, José Manuel & Sánchez Braza, Antonio, 2009. "Evaluación del programa de Escuelas Taller y Casas de Oficios a partir de su efecto sobre el tiempo de búsqueda del primer empleo. El caso de Sevilla/," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 27, pages 277(22)-277, Abril.
    12. Bart Capéau & André Decoster & Frederic Vermeulen, 2003. "Homeownership and the life cycle: an ordered logit approach," Public Economics Working Paper Series wplclog, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
    13. Nachiketa Chattopadhyay & Amita Majumder & Dipankor Coondoo, 2009. "Demand Threshold, Zero Expenditure And Hierarchical Model Of Consumer Demand," Metroeconomica, Wiley Blackwell, vol. 60(1), pages 91-118, February.
    14. Jie Chen, 2013. "Housing tenure, residential mobility and adolescents’ education achievement: evidence from Sweden," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(1), pages 275-294, February.
    15. Carter, Steven, 2011. "Housing tenure choice and the dual income household," Journal of Housing Economics, Elsevier, vol. 20(3), pages 159-170, September.
    16. Bellgardt Egon, 2000. "Wohnkosten und Besitzformwahl. Empirische Ergebnisse der Einkommens- und Verbrauchsstichprobe / Housing Costs and Tenure Choice. Empirical Results from the Einkommens- und Verbrauchsstichprobe," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 220(6), pages 653-668, December.
    17. Parry, Ian W.H., 2002. "Adjusting Carbon Cost Analyses to Account for Prior Tax Distortions," Discussion Papers 10481, Resources for the Future.
    18. Rainer Schulz & Martin Wersing & Axel Werwatz, 2014. "Renting versus Owning and the Role of Human Capital: Evidence from Germany," The Journal of Real Estate Finance and Economics, Springer, vol. 48(4), pages 754-788, May.
    19. Eom, Young-Sook & Larson, Douglas M., 2006. "Improving environmental valuation estimates through consistent use of revealed and stated preference information," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 501-516, July.
    20. Bolduc, Denis & Khalaf, Lynda & Moyneur, Érick, 2008. "Identification-robust simulation-based inference in joint discrete/continuous models for energy markets," Computational Statistics & Data Analysis, Elsevier, vol. 52(6), pages 3148-3161, February.

    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:envira:v:25:y:1993:i:7:p:961-973. 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: .

    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.