Tag: demand
-
Rising costs and Slowing hammers
With current construction costs creeping higher by 4-5% year-over-year, property prices are of course going to move higher. And justifiably, builders are going to pass down those increases onto us buyers. Strikingly though, these increases do not even include the increases to land values on which these structures are built on. So it should not…
-
STR and other Fails
STR’s or Short term rentals, have just lost a footing in major Canadian cities like Toronto and Ottawa. My understanding is that the ultimate goal of regulating STR is to make rental housing more affordable which is great. However, I have a nagging suspicion that the vacancy rates will not change and rents will continue…
-
4 Factors…
-
Headlines: the Media’s 3 Card Monty.
Certain words stand in or attempt to disguise themselves or their meaning. Affordability is one of these words. We hear it a lot in terms of rental supply and new build developments. Housing is rarely affordable, as it is in high demand and currently in low supply. Affordability is usually standing in for a less…