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Other literature type . 2023
License: CC BY NC ND
Data sources: Datacite
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Other literature type . 2023
License: CC BY NC ND
Data sources: Datacite
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High Rises and Housing Stress

Authors: St-Hilaire, Cloé; Brunila, Mikael; Wachsmuth, David;

High Rises and Housing Stress

Abstract

The financialization of housing is a rapidly growing concern for planning researchers and policymakers, but the opacity of property ownership in most cities has hampered efforts to rigorously measure the phenomenon. Here we introduce a new approach based on big data methods. By combining web scraping of property assessment, business registry, and rental advertisement data, we reliably identified the networks of property ownership lurking behind anonymous numbered companies and established the extent of financialized rental housing ownership. We demonstrate the effectiveness of this approach with a quantitative case study of the financialization of rental housing in Montreal (Canada). Using spatial regression and clustering analyses, we found that there are two distinct types of financialized rental housing ownership in Montreal: one characterized by precarious and student tenants and another characterized by affluent tenants. In general, high proportions of financialized ownership are associated with higher levels of housing stress and dense housing typologies. By demonstrating meaningful differences in housing market outcomes across financialization status—which has not usually been readily accessible to either renters or planners—our findings show the importance of rental market information asymmetry. Planners should treat landlord data as one component of the information necessary to properly regulate a rental housing market. Municipalities should make property ownership information publicly accessible to facilitate public scrutiny of residential land use and more effective protection of tenant rights.

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    popularity
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    influence
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green