What is NIMBY
what does NIMBY stand for?
What is "Not in My Backyard"
What Does YIMBY stand for
What is "Yes in My Backyard"
What is 1 of the 4 groups that we touched on that are impacted by NIMBYism in the "Who wins, Who Loses" Slide
Residents and Community Members
Developers
Homebuyers
Government
What is One Idea from the NIMBY mindset
Desire to Control Local Developments
Fear of Negative Impacts
Resistance to Change
Distrust of Developers
who wrote the article titled "From NIMBY to YIMBY : Localized Real Estate Investment Trusts Can Help Address Canada's Housing Crisis
Drs. Leslie Legge and Tirtha Dhar
In what year did the city council start allowing construction of multiplex's across the yellow belt
2023
what is one solution to NIMBY
1. REIT
2. Offering financial incentives to communities that accept new housing
3. Ensuring new developments improve local infrastructure
4. Increasing public trust by making development plans more transparent
Name 1 pro for NIMBY and 1 pro for YIMBY
pros for NIMBY
Limits overcrowding
Protects property values
Helps keep the identity of the community and neighborhood
pros for YIMBY
Increases housing availability
Lowers home prices and rents
encourages economic growth
According to Canadian Housing Survey, the home ownership rate dropped from 69% to 66.5%, in which years did this occur
2011 -69% 2021 66.5%
what does an REIT stand for
Real estate investment trust
What are some benefits of adopting a YIMBY mindset in communities dealing with new housing projects?
-Increased community support for new housing
-improved local infrastructure,
- creation of jobs.
-It can also help make housing more affordable
For many Canadians, what is the largest asset holding
home ownership
How can policymakers address the challenges about NIMBYism while promoting necessary urban development?
Policymakers can tackle NIMBYism by being transparent and involving communities early in the planning process
This policy prioritizes preserving neighbourhood identity and limitng new construction, contributes to housing shortages and economic inactivity by restricting supply. what is it?
what is NIMBY
What was the homeownership rate for Canadians aged 30-34 in 2011 compared to 2021?
It fell from 59.2% in 2011 to 52.3% in 2021.