REM 300 Lecture Notes - Lecture 5: Urban Planning, Nec, Sauga
24 Oct 2018
School
Department
Course
Professor
REM300 – Lecture 5
Ontario - Profiles, Trends, and Real Estate Value
Ontario Economy:
- Diversified economic base
- Generally good statistics for population growth, unemployment, GDP, stock market returns
- Long period of historically low interest rates in Canada
Ontario Household Income:
- Post war, Ontario household incomes surpassed the national average by 10-20%
- In last decade, growth has slowed (below national average), and unemployment is higher
- The Ontario sub – sovereign (?) debt has double – largest in the world
Ontario Demographics:
- Population of 13.6 mill (GTA 5.6 mill) – Canada pop. At 35.16 mill
- 30% of population is not born in Canada – high level of immigration contributes to economic growth
- Population has grown 1.5% in last 20 years (Mainly GTA)
Urban Economics (AKA Urban land econ/ Econ. geography:
- Field of study about how cities are formed and what impact the growth and shape of a city
- Used in Urban planning models and other policymakers for zoning, transportation, etc.
- Foundation for location decision making
Patterns of growth Theories:
- Concentric Circle Theory: earliest attempt to model how a city would grow
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REM300 – Lecture 5
- Axial Theory: improvement to concentric circle theory, as it takes into account transportation system
due to the fact that growth takes place along major transportation corridors
- Sector Theory: takes into account that residential districts form in clusters based on income classes
• Highest income households take most preferred locations (lakeshore, far from construction)
• Commercial uses also have preferences that shape a city (industrial firms want easy access to
transportation; office firms want to be close to each other)
Document Summary
Ontario - profiles, trends, and real estate value. Generally good statistics for population growth, unemployment, gdp, stock market returns. Long period of historically low interest rates in canada. Post war, ontario household incomes surpassed the national average by 10-20% The ontario sub sovereign (?) debt has double largest in the world. In last decade, growth has slowed (below national average), and unemployment is higher. Population of 13. 6 mill (gta 5. 6 mill) canada pop. 30% of population is not born in canada high level of immigration contributes to economic growth. Population has grown 1. 5% in last 20 years (mainly gta) Urban economics (aka urban land econ/ econ. geography: Field of study about how cities are formed and what impact the growth and shape of a city. Used in urban planning models and other policymakers for zoning, transportation, etc. Concentric circle theory: earliest attempt to model how a city would grow.
