GEO793 Final Exam
Study online at https://quizlet.com/_e63264
1. August & Walks The goal of this study is to examine how the financialization of rental housing is:
- Reshaping Toronto's rental housing market
- Restructuring the social space of the city
2. Financialization The financialization of housing markets:
of multi-family - Housing as a financial asset vs housing as shelter
rental housing - Multi-family rental housing is increasingly been treated as a financial asset
3. Toronto as the - Highly gentrified
ideal case study - Located at the center of Canada's largest CMA
- Large rental sector: 46% of households are renters
- Canada's financial centre
4. From social hous- 1950s-1970s
ing to vacancy - Apartment construction was massive in the city
decontrol
1980s-1990s
- Rental housing construction declined in favor of condominium development
1990s
- The decline of social housing construction in the 1990s
1997
- The 1997 Tenant Protection Act and vacancy decontrol
5. Financialization Financialization of rental housing started as a way to capitalize on:
of rental housing - Deregulation
in Toronto - Downloading
- Lack of affordable housing
Private real estate companies' transformation into Real Estate Investment Trusts
(REITs)
, GEO793 Final Exam
Study online at https://quizlet.com/_e63264
6. Strategies of fi- Financialized landlords have developed strategies to maximize profits for in-
nancialized land- vestors:
lords - Treating homes as financial assets
- Cutting costs
- Increasing revenues
- Gentrifying-by-upgrading
7. Geography of New and aggressive financialized landlords entered the Toronto market and have
post-crisis inten- adopted 2 major locational strategies:
sification and ex- - Suburbs: squeezing profits from existing tenants
pansion - Inner city: gentrifying-by-upgrade (thus displacing existing tenants)
8. Repositioning Investing in multi-family housing has been quite profitable for financialized land-
spatial inequality lords
- The price has been paid by tenants in terms of: Higher rents and fees, Reduced
quality of life
The city has witnessed:
- Increased neighborhood income segregation
- Restructuring of the inner city
9. Conclusion The financialization of rental housing has been allowed by neoliberal policies
The phenomenon is particularly evident in Toronto and this has resulted in:
- Increasing inequality
- Spatial displacement
10. Lehrer Toronto's socio-spatial transformation and its causes:
- Continued rapid suburban growth
- Decline and disinvestment in the inner suburbs
- Inner city reinvestment (gentrification)
11.
, GEO793 Final Exam
Study online at https://quizlet.com/_e63264
Gentrification in From the upgrading of individual houses to the construction of new condomini-
Toronto ums
From the inner city to neighborhoods located beyond the immediate core
From an individual initiative to a process involving larger developers and state
support
From a residential to a commercial process
12. History of Toron- 1976 - Toronto's Central Area Plan
to's Condomini- 1994 - Mayor Barbara Hall's economic development policies
um Boom - City 2000 - Toronto Competes: An Assessment of Toronto Global Competitiveness
Reports and Poli- (re-urbanization and housing policy)
cies 2000 - Toronto Economic Development Strategy
2002 - Official Plan of the City of Toronto
2003 - Toronto's Culture Plan for the Creative City
2008 - Agenda for Prosperity
2008 - Creative City Planning Framework
2005 - Provincial Policy Statement (PPS)
2005 - Places to Grow Act
2006 - Growth Plan for the Greater Golden Horseshoe Area
13. The Condo Gen- - Young (24-40 years-old)
eration - Highly educated
- Couples or singles (no children)
- Employed full-time
- Above-average income
- Home-owners
14. Gentrification Gentrification relies on selling Toronto as a multicultural, diverse and inclusive city
and its
contradictions
Study online at https://quizlet.com/_e63264
1. August & Walks The goal of this study is to examine how the financialization of rental housing is:
- Reshaping Toronto's rental housing market
- Restructuring the social space of the city
2. Financialization The financialization of housing markets:
of multi-family - Housing as a financial asset vs housing as shelter
rental housing - Multi-family rental housing is increasingly been treated as a financial asset
3. Toronto as the - Highly gentrified
ideal case study - Located at the center of Canada's largest CMA
- Large rental sector: 46% of households are renters
- Canada's financial centre
4. From social hous- 1950s-1970s
ing to vacancy - Apartment construction was massive in the city
decontrol
1980s-1990s
- Rental housing construction declined in favor of condominium development
1990s
- The decline of social housing construction in the 1990s
1997
- The 1997 Tenant Protection Act and vacancy decontrol
5. Financialization Financialization of rental housing started as a way to capitalize on:
of rental housing - Deregulation
in Toronto - Downloading
- Lack of affordable housing
Private real estate companies' transformation into Real Estate Investment Trusts
(REITs)
, GEO793 Final Exam
Study online at https://quizlet.com/_e63264
6. Strategies of fi- Financialized landlords have developed strategies to maximize profits for in-
nancialized land- vestors:
lords - Treating homes as financial assets
- Cutting costs
- Increasing revenues
- Gentrifying-by-upgrading
7. Geography of New and aggressive financialized landlords entered the Toronto market and have
post-crisis inten- adopted 2 major locational strategies:
sification and ex- - Suburbs: squeezing profits from existing tenants
pansion - Inner city: gentrifying-by-upgrade (thus displacing existing tenants)
8. Repositioning Investing in multi-family housing has been quite profitable for financialized land-
spatial inequality lords
- The price has been paid by tenants in terms of: Higher rents and fees, Reduced
quality of life
The city has witnessed:
- Increased neighborhood income segregation
- Restructuring of the inner city
9. Conclusion The financialization of rental housing has been allowed by neoliberal policies
The phenomenon is particularly evident in Toronto and this has resulted in:
- Increasing inequality
- Spatial displacement
10. Lehrer Toronto's socio-spatial transformation and its causes:
- Continued rapid suburban growth
- Decline and disinvestment in the inner suburbs
- Inner city reinvestment (gentrification)
11.
, GEO793 Final Exam
Study online at https://quizlet.com/_e63264
Gentrification in From the upgrading of individual houses to the construction of new condomini-
Toronto ums
From the inner city to neighborhoods located beyond the immediate core
From an individual initiative to a process involving larger developers and state
support
From a residential to a commercial process
12. History of Toron- 1976 - Toronto's Central Area Plan
to's Condomini- 1994 - Mayor Barbara Hall's economic development policies
um Boom - City 2000 - Toronto Competes: An Assessment of Toronto Global Competitiveness
Reports and Poli- (re-urbanization and housing policy)
cies 2000 - Toronto Economic Development Strategy
2002 - Official Plan of the City of Toronto
2003 - Toronto's Culture Plan for the Creative City
2008 - Agenda for Prosperity
2008 - Creative City Planning Framework
2005 - Provincial Policy Statement (PPS)
2005 - Places to Grow Act
2006 - Growth Plan for the Greater Golden Horseshoe Area
13. The Condo Gen- - Young (24-40 years-old)
eration - Highly educated
- Couples or singles (no children)
- Employed full-time
- Above-average income
- Home-owners
14. Gentrification Gentrification relies on selling Toronto as a multicultural, diverse and inclusive city
and its
contradictions
