Tag Archives: demand

Home Ownership As An Investment (More)

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Last week I discussed the notion of home ownership as an investment, something which has been a good choice for many Canadians over the past decade or so, although it’s been a questionable choice for many Americans, putting aside the run-up in housing prices in the US during the pandemic. This week I provide links to two additional articles on… Read more »

Home Ownership As An Investment

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Just before Christmas I came across an interesting article which does a good high-level job of pointing out some of the contradictions in housing policy with regard to ownership versus renting and how that relationship results in less affordable/’affordable’ housing than society requires. The article dates from 2016 and focuses on the US, but it’s worth a look. Here’s the… Read more »

What Are Renters Paying In Niagara?

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Late last year I wrote a post (dated September 21, 2020) which used Census data to answer the question, “What are renters renting in Niagara?” I found that the bulk of Niagara’s renter households are most likely to rent detached houses and units in multi-unit buildings with less than five floors, followed by multi-unit buildings with more than five floors…. Read more »

The Effect Of Increasing Supply On Average Rents

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In my post last (last) week I talked about ‘trickle down’ supply issues and explained my reasons why I don’t think it results in increased affordability or increased access to affordable rents (some extreme situations excepted). One of the assertions I made was that rents in older buildings will keep going up, no matter how many new buildings—i.e. high-rent rentals—are… Read more »

Trickle-Down Rental Housing Development Doesn’t Work

There’s a recent article which has been making the rounds titled “How luxury apartment buildings help low-income renters.” I think it showed up first on a US website but it’s been republished in Canada. I’ve included a link to a US website below so you can read the article (I suspect that’s where the article was published first). https://fullstackeconomics.com/how-luxury-apartment-buildings-help-low-income-renters/ The… Read more »

Toronto’s Public Housing Shortage

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The Toronto Star published an article this past Sunday (August 8) which had some eye-popping opening paragraphs, worth quoting in full: And 1995 is roughly the year that Torontonians would have had to apply for subsidized housing for a chance to secure any one-bedroom units that became vacant in 2021 at 133 Broadway Avenue, a 52-unit Toronto Community Housing lowrise… Read more »

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 »