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GEO 793- GEOGRAPHY OF TORONTO EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUARANTEED SUCCESS AFTER DOWNLOAD ALREADY PASSED!!!!!!! (PROVEN ITS ALL YO$11.48
GEO 793- GEOGRAPHY OF TORONTO EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUARANTEED SUCCESS AFTER DOWNLOAD ALREADY PASSED!!!!!!! (PROVEN ITS ALL YO
GEO 793- GEOGRAPHY OF TORONTO EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUARANTEED SUCCESS AFTER DOWNLOAD ALREADY PASSED!!!!!!! (PROVEN ITS ALL YOU NEED TO EXCEL IN YOUR EXAMS)
Gentrifi...
GEO 793- GEOGRAPHY OF
TORONTO EXAM WITH
ACTUAL QUESTIONS AND
COMPLETE 100% VERIFIED
CORRECT AND WELL
EXPLAINED ANSWERS WITH
RATIONALES GRADED A+ BY
EXPERTS LATEST VERSION 2024
WITH GUARANTEED SUCCESS
AFTER DOWNLOAD ALREADY
PASSED!!!!!!! (PROVEN ITS ALL
YOU NEED TO EXCEL IN YOUR
EXAMS)
,
,Financialization of rental housing in Toronto: - Financialization of rental housing started as a way to
capitalize on:
• Deregulation
• Downloading
• Lack of affordable housing
- Private real estate companies' transformation into Real Estate Investment Trusts (REITs)
Downloading: process of passing on responsibility to someone else
- Ex. Federal gov't not supporting public housing and passing that responsibility to provincial housing
Deregulation: process of having less rules/materials to make the building
Real Estate Investment Trusts (REITs): companies with shareholders with the only goal of making
profit
- companies that own or finance income-producing real estate across a range of property sectors
Strategies of financialized landlords: Financialized landlords have developed strategies to maximize
profits for investors
- Treating homes as financial assets
- Cutting costs
+ don't pay for services clean common areas/repair as often (don't pay for services)
- Increasing revenues
+ increasing rent (2.5% per year/ rent control), introduce new fees ($ to rent common room, garbage
disposal)
- Gentrifying-by-upgrading
+ The landlord wants to improve appearance of building by increasing the rent
+ in Ontario, rent's increase at a cap of 2.5%
Geography of post-crisis intensification and expansion: Following the 2008-2009 recession, the
financialization of rental housing intensified
, - New and aggressive financialized landlords entered the Toronto market and have adopted 2 major
locational strategies
1) • Suburbs: squeezing profits from existing tenants
+ offer less services offered
(ex. cleaning elevator 2 weeks instead of 1 week)
2) Inner city: gentrifying-by-upgrade
(thus displacing existing tenants)
Gentrification: A process of converting an urban neighborhood from a predominantly low-income
renter-occupied area to a predominantly middle-class/higher owner-occupied area.
Pros of Gentrification: 1) A more esthetically appealing neighborhood
2) Increased public safety
3) Increasing land values
4) Decreased crime rates
5) Decreasing urban sprawl
6) Increasing options for food, retail outlets, and job
Cons of Gentrification: 1) Decrease in affordable housing
2) Decrease in affordable retail spaces
3) Increased policing of communities of color
4) Changes in the culture of the neighborhood
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