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Analysis of factors affecting the demand for housing in British Columbia

University of British Columbia

The main justification for selecting this topic is the general lack of understanding surrounding the basic operation of the housing market and the subsequent errors which arise from this basic ignorance. Private discussion, public opinion and even government policy have displayed an unnerving inability to separate symptom from cause, promoting misdirected effort and in some cases initiating action which compounds the perceived problem. Following the premise that an understanding of the fundamentals is essential to the solution of any problem, this thesis helps to elucidate the operation of the housing supply-demand relationship by analyzing the effect of the four major components of housing demand: demographic forces; income; price; and credit conditions. To give relevance and strength to the theoretical analysis, current data pertaining to the effect of these components, in a British Columbia context, is supplied wherever possible. Finally, this thesis provides an exploration of the related policy implications. The majority of the data used in this thesis was obtained from a survey of housing consumers in British Columbia, administered jointly with the Interdepartmental Study Team on Housing and Rents of the Government of British Columbia. The survey collected results from 1769 interviews conducted in the Greater Vancouver Regional District, the Prince George Census Agglomeration and the City of Cranbrook in July 1975.

Text

2010-02-02

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http://hdl.handle.net/2429/19564

Business Administration

University of British Columbia

Graduate