According to RBC, the number of renters has increased three times the rate of homeowners over the past decade. The argument is not enough supply, more correctly affordable supply of housing. What are landlords who have higher-end rentals to do?
Read Full ArticleRental Stats & Trends
A 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.
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After warning about excessive mortgage debt, CMHC hoists the white flag
When Michael Burry saw the impending collapse of subprime mortgages in the US. The industry ignored him and tried to suppress him. Market collapses don’t happen immediately. They take time to unravel, usually much longer than expected, before the domino effect kicks in. Only when the black swan hits, we start looking back. Too late. In this case, the government stimulus to avert an economic collapse may have deferred a downturn in the real estate market. In this case, the stimulus accelerated the demand and prices. If you believe in the efficient market hypothesis, the market will adjust. The question is when and what will be the trigger. When will “the trend no longer be your friend.”
Read Full ArticleCanadian New Housing Starts Slow, But A Supply Tsunami Is Still Coming
Rental rates may continue upward as the supply tsunami of purpose-built rentals is expected to be 18 to 24 months away.
Read Full ArticleCanadians Are Changing Provinces At The Fastest Rate Since The 90s Real Estate Bubble
According to Stats Can, BC is the recipient of the greatest flow of interprovincial migration in 2Q 2021. It’s great to have more Canadians come to BC. It will also increase the demand for rental housing.
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Vancouver-area renters: Here's where it's cheapest, and where you'd pay the most
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?
Census shows Vancouver’s housing problem persisting
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?
Recent growth in Vancouver’s technology sector heightens demand for office space
Vancouver continues to attract global tech companies. We are the Silicon Valley of the North. Attracting more highly skilled workers who need rental housing.