Tag Archives: demand

Renewing Toronto’s Old-Stock Rental Towers

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On Christmas day 2020 the Toronto Star published an article describing the findings of a group of US real estate experts from the Urban Land Institute who examined some of Toronto’s old-stock rental towers. The newspaper article can be read via the link below (it’s behind a paywall). https://www.thestar.com/news/gta/2020/12/25/us-housing-experts-paint-dire-picture-of-upkeep-availability-of-private-rental-apartment-units-in-toronto.html The experts found that it is essential to keep Toronto’s rental… Read more »

“Sophisticated Investors Are Desperate To Buy”

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The Globe & Mail newspaper recently (December 6th, 2020) published an article entitled “Sophisticated investors are desperate to buy Canada’s apartment buildings; values soar despite Covid-19”. You can read the article via the link below (unless they’ve moved it behind a paywall): https://www.theglobeandmail.com/business/article-sophisticated-investors-are-desperate-to-buy-canadas-apartment/ This is a great article and nearly every paragraph contains something informative. I strongly recommend reading it… Read more »

What Types Of Housing Are Being Rented? Part II

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In this post (a follow-up to my post dated November 4, 2020), I use housing data from the Census and CMHC to separate rentals into purpose-built and non-purpose-built for the GTA’s major cities, adding owner-occupied units. The number of non-purpose-built rentals by type is calculated by subtracting purpose-built rentals from total rentals. The charts below show the results. The most… Read more »

What Types of Housing Are Being Rented? Part I

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That’s the question. What’s the answer? Most people when they think of rental housing they think of tall concrete apartment towers clustered in Toronto or Mississauga. It’s true that in most of Ontario’s larger cities multi-unit apartment buildings constitute the bulk of the rental supply, but many cities it’s a much smaller part of the supply than we realize. So… Read more »

Where Do Renters Come From?

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One thing I’ve been wondering about for months is where exactly landlords think they will go for new tenants if there are mass evictions from apt rental units. This is cold comfort for people facing eviction. But it’s a basic structural issue I’m not sure people and perhaps landlords have fully internalized. When it affects a small subset of renters… Read more »

Projecting Future Housing Demand: Niagara

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How much housing will be needed in the future? That’s the most important question for developers and lenders who want to know if the new housing projects which they’re proposing to build will be needed. Obviously, it’s impossible to answer that question with much accuracy, since by definition the future is impossible to predict. That hasn’t stopped Ontario’s Ministry of… Read more »

Population Growth vs Household Growth

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In the first post on this website I described how the Census counts the total number of dwellings and households, and how one household equals one dwelling (the number of unoccupied dwellings, those without a household, is too small to take much notice of). In this post I want to see how the total number of households has grown over… Read more »

Estimating the Number of New Rentals Needed in Southern Ontario

NOTE: Before reading this post, readers should read my first post in 2019 in which I explain how housing markets in Ontario can be separated by type and tenure. We can separate purpose-built rentals into three categories: (1) old rentals built pre-2000, (2) new rentals built in 2000 or later, and (3) the number of new rentals needed to reach… Read more »

Rental Supply Density in Southern Ontario

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Rental supply density is a calculation that compares a city or town’s total population to its total amount of rentals and is expressed as the ratio of total rental units for every 1,000 people. Basically, the higher the rental supply density number, the greater the number of rentals versus the city’s population. The number of rentals used in the calculation… Read more »

RBC’s Recent Report on Rental Housing: Some Comments

RBC’s economics department recently (September 25, 2019) released a report written by Robert Hogue, a senior economist with the bank, entitled Big City Rental Blues: A Look At Canada’s Rental Housing Deficit. You can download a PDF copy of the RBC report via the following links. http://www.rbc.com/economics/economic-reports/canadian-housing-forecast.html http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housing_rental_sep2019.pdf Discussions about rental housing are music to my ears, so I downloaded… Read more »