GEOG Brock University Vancouver House Prices Fall by Daniel Tencer Article Discussion

User Generated

rinalh

Humanities

Brock University

GEOG

Description

Find at least five (5) articles from popular media sources (newspapers, magazines, blogs, etc.) related to one of the neighbourhoods we are discussing (choose one of, for example, of elite housing, lingering racism in housing market, the east/west divide, gentrification, etc.). Read the articles and, in a paragraph or two, offer your comments one the issues/themes that emerge, the stakeholders, the consequences, or any thing else that you think is important. Remember these assignments are supposed to help you build an experience of Vancouver. It is, therefore, important that you: a) explore the these issues on your own, and b) reflect on the material you find. Please review the material on reflection and how it might be graded if necessary.

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Explanation & Answer

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Running head: UNDERSTANDING VANCOUVER

Understanding Vancouver
Institution Affiliation
Date

1

UNDERSTANDING VANCOUVER

2

Housing in Vancouver
Housing in Vancouver is a point of significant concern. Trends have changed over time.
In 2019, an article by Daniel Tencer, 'Vancouver House Prices Fall By $7,000 A Month As Sales
Hit Record Lows.' indicated that the property value was likely to reduce, especially for those who
owned residential real estate. According to data released in 2019, house sales had gone down by
21.9% in the month of April compared to the previous year. This was the lowest sales since the
year 2000. According to the article, the federal government brought mortgage stress, which
reduced the buyers' purchasing power. This made people struggle, especially those at the entry
part of the housing market. Accordi...


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