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.
Awesome report about rental market segmentation. I knew it was on the ground. However, when your Propertware and have 7 million leases as your database, the accuracy is extremely high. With this insight, how are you applying it to your real estate investment strategy?
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Rennie Intelligence makes a good point about the recent surge in the new rental housing supply. With 27,700 purpose-built rental homes coming onto the market, even though they are at market rates, they should make less responsible landlords who are not maintaining their properties wearier as they may end up losing a good tenant to these new rentals. What is your opinion?
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Demographic breakdown of homeowners and renters. This next generation of homeowners is not only young, and smart but also action-oriented demanding quick results.
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Housing has been and continues to be a challenge. For landlords, what opportunities do you see aside from just more renters?
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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.