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.
With the uncertainties about the economy, job growth/layoffs, etc., we’ve already experienced softness in asking rents over the past three months. The reports and comments try to keep up with what’s happening as there is a lag. Aside from reducing asking rents, what actions are you doing to prepare for more uncertainties?
Read Full ArticleThe rental data coming from Point2Homes is credible; however, it represents only the primary rental market or apartment rentals. If we can find a reliable source(s) for the secondary rental market, I believe these rental figures will be even higher.
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Move over Millenials & Gen Zs, the rental demographic & geographic profile are changing. According to RBC, rent nation is getting older. The strongest growth is coming from baby boomer renters in smaller cities. Will large cities have a younger demographic while smaller cities are older?
Has anyone done a statistical analysis to see if there is a correlation between when the empty home taxes were imposed and if it accelerated the increase in Mom & Pop Inc. during the same period? According to the EHT & BCSVT stats, the number of vacant units converted into rental units increased. How much was this attributed to Mom & Pop Inc.?
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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.
