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PayProp Canada

Smiling young couple speaking with broker in office setting

June 9, 2023

Millions more people will rent for life, say lenders

More Canadians, many of whom are under 35, plan to buy a residential investment property in the next five years, according to a recent survey.

Two women carrying their belongings into a new apartment

September 8, 2023

Canada

PayProp Canada

Millions more people will rent for life, say lenders

On the sharp edge of the housing crisis, growing numbers of young adults are unable to rent, even with a roommate, due to increasing shared accommodation costs.

September 9, 2024

Canada

PayProp Canada

Millions more people will rent for life, say lenders

In the Greater Toronto Area, condo sales have slumped while condo rental demand is reaching new heights. What’s driving this?

A man sorting through a stack of binder clipped documents

April 13, 2023

Canada

PayProp Canada

Millions more people will rent for life, say lenders

Ontario’s government will invest $6.5m in the struggling Landlord and Tenant Board to cut decision times, and also plans to strengthen protections for tenants.

Construction worker focusing on a roof truss

October 9, 2023

Canada

PayProp Canada

Millions more people will rent for life, say lenders

The federal government’s “enhanced GST rental rebate" removes Goods and Services Tax on new purpose-built rental construction amid the affordable housing crisis.

October 17, 2022

Canada

PayProp Canada

Millions more people will rent for life, say lenders

Property managers will want to fortify their residential rental businesses against a looming construction labour shortage in Canada with premium PropTech.