Tag Archives: supply

Rent Gaps, Part I

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In a previous post (dated August 4, 2021) I examined the contribution to rent revenues that 1B and 2B purpose-built rental units make and found that 0B and 1B units contribute a lower percentage to estimated total average rent revenues than their percentage of rental supply. In this post I’m going to take a look at the “gap” between average… 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 »

Rental Housing Types: Risk vs Reward

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For some reason the other day I started thinking about the risks and rewards of different types of purpose-built rental housing. Risk is a complex thing and varies from project to project and developer to developer, but, at least from a high-level perspective, it’s probably best defined as absorption risk (how fast will available rentals be leased?) and to a… Read more »

What I Would Have Done If I Were A Retail REIT

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2020 was a roller coaster for large parts of the country’s economy, particularly for retailers and retail real estate. When the global pandemic spread to Canada early in the year and it became obvious that large parts of the economy would close or be put on hold, it was immediately clear to me that retail REITs in particular could be… 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 »

BILD’s New Report on Municipal Approvals

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Altus Group recently prepared a report for the Building Industry and Land Development Association, or BILD, which you can download the report from the link below: https://bildgta.ca/advocacy/reports According to Altus, the report is intended to “undertake a study of several factors that may be contributing to housing affordability issues in major housing markets across the Greater Toronto Area, such as… Read more »

What Are Renters Renting In Niagara?

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This post is a follow-up to my recent post (dated September 10th) which looked at Census data which showed what types of dwellings (houses, townhouses, apartments, etc.) Niagara’s households were living in. This post takes a look at similar data but focuses on renter households in an effort to answer the question, What are renters renting? The following tables reproduce… 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 »

Update: How Is Ontario’s Rental Housing Industry Weathering The Pandemic Downturn?

Back on May 5th I wrote a post in which I speculated about the short, medium, and long term affects of the pandemic on Ontario’s rental housing industry. Do I stand by my predictions? Do I think something else might happen? Generally speaking, I stand by what I wrote… mostly. I think my short-term predictions were fairly sound, even if… Read more »