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.
Vancouver is a hotbed for tech talent. With recent layoffs in the tech sector, will these layoffs affect the growth of highly paid tech talent moving into the City looking for rental housing?
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“Understanding changing aspects of household formation over time also gives us a window into the range of local services from schools and
transportation, to parks and healthcare, which may need to match
shifting demand. “Roomate vs. Single Households. Both groups are growing. Which type of tenant do you prefer?
COVID accelerated remote work and work from home. These people earn more than the average and can pay higher rents. Question for landlords, How are you upgrading your rental properties to accommodate these tenants?
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If households are spending 50% of their income to pay the mortgage, does the “30% rule” for tenants make sense anymore? How many applicants who are applying to rent your properties will be paying more than 30% of their income to rent?
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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.