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.
In the Greater Toronto Area, condo sales have slumped while condo rental demand is reaching new heights. What’s driving this?
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.
The federal government’s “enhanced GST rental rebate" removes Goods and Services Tax on new purpose-built rental construction amid the affordable housing crisis.
Property managers will want to fortify their residential rental businesses against a looming construction labour shortage in Canada with premium PropTech.
As the population ages, property managers can tap into the growing demand from seniors choosing to age in place.