Complain all you want, but the rental housing market needs condo investors

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Haider-Moranis Bulletin: In the absence of tens of thousands of rental condominium units, rents would be much higher than current levels

Many recent real estate market commentaries have been critical of privately owned housing, especially condominiums, being a major source of new rental supply. Implicit in this criticism is the call for more purpose-built rentals.

Provincial governments, starting with British Columbia in 2016 and Ontario in 2017, responded with a series of interventions, including targeted transfer taxes on foreign homebuyers. The tightening of mortgage regulations, especially the stress test, by federal regulators was another moderating factor.

Surprisingly, real estate investors have been blamed for an increase in rents. Some believe that an increase in condominium prices contributed to an increase in rents in places such as Toronto. A 2019 report by the Canadian Centre for Economic Analysis — commissioned by the City of Toronto — revealed that condominium rents from 2006 to 2018 increased by 30 per cent in the city.

The critics of investor-driven supplies of rental housing seldom entertain the obvious counterfactual: what would be the average rent if condominium rentals disappeared from the market? In the absence of tens of thousands of rental condominium units, rents would be much higher than current levels. Multi-family purpose-built rental dwellings are needed. For one thing, they offer the security of tenure, unlike condominiums, which can be withdrawn from the market at short notice. Also, such units usually offer no-frills housing, which is often less expensive to rent than condominiums.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Um no it doesn’t

Article fails to mention elephant in the room which is Airbnb.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 10. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Toronto condo company asks for customer co-operation as project teeters on the edgeIn novel approach at a time of frequent cancellations, Haven Developments sends letters to investors asking them to agree to contract amendments Six25BV was initially marketed to buyers in March, 2016, and units sold for about $615 a square foot, according to data from Urbanation Inc. By contrast, projects in the GTA that have begun presales in the past six months are typically selling for more than $1,000 a square foot this is pure --------------- Tom Foolery
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »

Eight stocks for responsibly minded investorsFrom companies focused on clean energy to those concerned about diversity, there are some strong options for investors who want to invest in companies that take ESG principles into account
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »