Humber/Ontario Real Estate Course 4 Exam Practice

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What do demographics typically study?

Not relevant when studying factors influencing the real estate market.
Important only when addressing the senior market.
Study of employment conditions and wage levels.
Study of population trends including size, composition, and growth.
Focus exclusively on urban development trends.
Analyze consumer shopping behavior for marketing strategies.

The correct answer is: Study of population trends including size, composition, and growth.

Demographics typically study the characteristics of a population or specific groups within a population. This includes factors such as age, gender, income, education level, family size, and more. In the context of real estate, understanding demographics is crucial as it helps identify trends in population growth, composition, and distribution. This information is vital for real estate professionals to make informed decisions about property development, investment opportunities, pricing strategies, and target markets. Therefore, option D, which mentions the study of population trends including size, composition, and growth, is the correct answer.