DK RentalA collection of research and reports on the topic of Demographic & Population Trends in the rental property management business around the globe. Read through, see where opportunities are heading and share your opinions.
According to Angus Reid Institute, more than half (56%) of workers want to continue working from home. If landlords build or add a home office space, how much of a premium in rent can be charged?
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According to Interac Corp., 71% of Canadians are having difficulty managing their finances. Gen Z and Millennials, especially those with incomes under $55,000. These two demographic groups dictate how our economy will form. How concerned should landlords be if it starts affecting their ability to pay the rent? More importantly, how do mitigate this risk?
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Is demand for affordable housing leading to the resurgence of Penturbia?
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According to Hot Pads, Gen Z will pay about US$232k in rent over their estimated 11-year rental lifetime. It works out to be about US$21k/year or $C28k/year.
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Even though this data was released a few days ago, it’s not particularly fresh. The analysis was conducted using data collected back in 2018. Home prices have since increased by over 40% in general, and rents have soared. Heck, rents have even increased in cities with rising vacancy rates. In short, as bad as this data is — it’s probably deteriorated even further.
Interesting stat about higher wages from Microsoft due to slowing population growth in the US. How does this trend impact real estate and demand for rental properties over the next 10 years in Canada?
According to Hot Pads, Gen Z will pay about US$232k in rent over their estimated 11-year rental lifetime. It works out to be about US$21k/year or $C28k/year.