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A comparison between metropolitan and non-metropolitan residential mortgage financing in British Columbia

University of British Columbia

It is the purpose of this study to explore regional variation in the source, allocation, and characteristics of residential mortgage financing in British Columbia. In order to do so, the study compares and contrasts mortgage funds from two groups of communities. The two groups of communities are representative of the Greater Vancouver area and the outlying, 'smaller' or non-metropolitan communities. While the outlying municipalities are generally referred to as 'smaller' than the Vancouver municipalities, this is not necessarily the relevant characteristic. What is perhaps more important is that the Vancouver municipalities fall within a metropolitan region and the others do not. This study finds that significant regional variation in mortgage financing characteristics does not exist in all cases. Nonetheless, there does exist some variation which seems to be the result of two factors: (1) the variation in lender-type from the metropolitan area to the non-metropolitan community and (2) the relative price of housing in Greater Vancouver versus the non-metropolitan communities

Text

2010-02-22

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http://hdl.handle.net/2429/20739

Business Administration - Urban Land Economics

University of British Columbia

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