In Provinces like Ontario, with large construction declines, do you think making rental board regulations more landlord-friendly would lead to more units available to reduce the housing shortage?
Or is that a reform that is beyond the pale because those who have apartments will be incensed, even if it provides more people with more places to live (and keeps rents lower than they'd otherwise be if the housing shortage gets worse and worse)?
Thanks Steve - are there any resources available that stratify rental data into size categories? Are +1000sqft rentals also seeing dips in prices? Or is the median/mean rent being dragged down by the “shoebox condos” that nobody wants to live in?
Absolutely brilliant analysis by Steve. But the disastrous level of housing starts is only half the problem: the other half is the immigration levels over the last few years. Combing these two factors together is and will create a maelstrom in the housing sector.
It’s a tragedy that everything the government touches is often misguided and terribly inefficient. What to do?….
Sorry Steve, you are a bit off if you recheck your chart. Houstan does not seem to have a problem, but Canada does.
You’ve articulated the problem very well. Thanks
In Provinces like Ontario, with large construction declines, do you think making rental board regulations more landlord-friendly would lead to more units available to reduce the housing shortage?
Or is that a reform that is beyond the pale because those who have apartments will be incensed, even if it provides more people with more places to live (and keeps rents lower than they'd otherwise be if the housing shortage gets worse and worse)?
Thanks Steve - are there any resources available that stratify rental data into size categories? Are +1000sqft rentals also seeing dips in prices? Or is the median/mean rent being dragged down by the “shoebox condos” that nobody wants to live in?
Absolutely brilliant analysis by Steve. But the disastrous level of housing starts is only half the problem: the other half is the immigration levels over the last few years. Combing these two factors together is and will create a maelstrom in the housing sector.
It’s a tragedy that everything the government touches is often misguided and terribly inefficient. What to do?….