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?
Read Full ArticleDemographic & Population Trends
A 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.
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One In Five Canadians Are In “Shelter Poverty” and It’s Worse For New Immigrants
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.
Read Full ArticleMove over boomers, a new millennial baby boom could be on its way
If “the millennial homebuyer tailwind is still in its early stages”, how will it affect the demand for rental properties? More specifically, what types of rental properties?
Read Full ArticleCanada Just Saw The Second Largest Quarter For Population Growth Ever
BC leads the country in population growth. I don’t know what is the difference between immigrants and temporary residents. Regardless, it just adds to the demand for rental properties. The more important question is where and what type of rental properties have an inelastic demand?
Read Full ArticleExclusive articles on Demographic & Population Trends in Canada
One In Five Canadians Are In “Shelter Poverty” and It’s Worse For New Immigrants
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.
Microsoft president sees 'new era' of stagnating labor pool
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?
Generation Z Will Pay $226,000 in Rent in their Lifetime
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.