DK RentalA collection of research and reports on the topic of Rental Stats & Trends in the rental property management business around the globe. Read through, see where opportunities are heading and share your opinions.
Even with the immigration backlog, new immigrants are entering and living here. If there is a lack of housing supply, where are all the new immigrants living? On the street? There’s a disjoint between the supply narrative argument as asking rents in the secondary market are tapering off and coming down.
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If this analysis of Airbnb is an early indicator of its next area of growth, should landlords be concerned or is it an opportunity to get more eyeballs for your rental and faster to get a qualified tenant?
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With Canada allowing 500,000 new immigrants every year, the demand for rentals continues to increase, so why are some asking rents in the secondary market coming down? How will landlords address this opportunity?
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Economists from Real Pages and Yardi report increasing vacancies and a decline in asking rents in multifamily rentals. In my opinion, it has already affected the secondary market as investors and landlords will be dealing with the withdrawal effect. I’m interested in your thoughts.
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Liv.rent's rent analysis is a fair representation of the rent rates across the different municipalities vs. other reports that make it look like the high asking rents in downtown Vancouver are the same across the board. What are your thoughts?
If you read the stats, the problem isn't new as it has been happening for decades. The question is instead of blaming the government and society for the lack of rental housing. How can both the private and public sectors create a viable solution to address the multiple tiers of housing for each demographic group? The fact is that new purpose-built rentals are not "cheap" unless they get subsidized by the government. As buildings age, the maintenance and repair costs increase. A never-ending and challenging problem. Can near and long-term solutions are created by crowdsourcing?
Vancouver continues to attract global tech companies. We are the Silicon Valley of the North. Attracting more highly skilled workers who need rental housing.