URBS230 Final Exam Flashcards 2024| Questions with Correct Answers| Certified Quality

URBS230 Final Exam Flashcards 2024| Questions with Correct Answers| Certified Quality Why is housing important (5 reasons) - A major part of the urban environment - A major economic industry - The largest single expense for most households -Both local and global - We spend a lot of time at home How much or the urban land consists of housing % 30% Name the 3 types of housing Market housing Non-market housing Quasi market housing What is market housing - Allocated based on ability & willingness to pay - Relies on the private sector to build & allocate What is non-market housing -Allocated based on need - Occupants pay a proportion of income - Ex. public housing What is quasi market housing The government helps allocate housing within the private sector Canada's housing system relies heavily on the _________ to allocate housing market Why did federal programs to maintain affordable housing end in the 1990s Affordable housing was downloaded to provinces and territories Define Tenure The legal status under which a household occupies its home What are some characteristics of homes built in the early 20th century - Self built or individually commissioned - Most buyers relied on savings