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Industry Trends

CMHC RENTAL MARKET REPORT

Posted in Industry Trends

CMHC RENTAL MARKET REPORT

Our annual Rental Market Report provides in-depth analysis and market trends for major centres across Canada. The report uses data from the fall Rental Market Survey and Condominium Apartment Survey results. You’ll get: Analysis of primary and secondary rental markets Information covering new and existing structures A review of rent and vacancy trends relative to supply and demand and their economic and demographic drivers A new analysis for 2022 of average rent growth for 2-bedroom units that...

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POPULATION GROWTH KEEPS CALGARY HOUSING MARKET ON THE BOIL

Posted in Industry Trends

POPULATION GROWTH KEEPS CALGARY HOUSING MARKET ON THE BOIL

Population will be the main driver of housing markets for the foreseeable future, according to Scotiabank, with Alberta leading the way. “Population dynamics are likely to continue playing an important role,” Scotiabank economist Farah Omran reported in an analysis of the latest national housing market statistics this week. “We are currently experiencing the most rapid pace of population growth in 50 years. The federal government continues to set higher immigration targets with...

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MORGUARD FORECASTS CONTINUED STRENGTH IN MULTI-SUITE RESIDENTIAL RENTALS

Posted in Industry Trends

MORGUARD FORECASTS CONTINUED STRENGTH IN MULTI-SUITE RESIDENTIAL RENTALS

A new 2023 commercial real estate forecast report released by Ontario-based Morguard suggests interest in the multi-suite residential rental sector will remain elevated nationally in 2023 given healthy demand fundamentals and constrained supply. Morguard’s 2023 Canadian Economic Outlook and Market Fundamentals Report offered analysis of Canada’s commercial real estate market in 2022 and forecasted trends for 2023. The report revealed Canada’s recent housing market cooldown is expected to...

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WEEK OF JANUARY 9 2023 NEWSREEL WITH KERRY CHANDLER

Posted in Industry Trends

WEEK OF JANUARY 9 2023 NEWSREEL WITH KERRY CHANDLER

This week, two headlines that appear to contradict which would be laughable if not for their significance to the state of our industry. Have a look as we explain.

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THE BATTLE OF HOUSING COSTS: CITIES WHERE RENTERS & OWNERS HAVE IT BETTER

Posted in Industry Trends, Rental Rates

THE BATTLE OF HOUSING COSTS: CITIES WHERE RENTERS & OWNERS HAVE IT BETTER

Living in major Ontario cities comes with the most expensive shelter costs. But, as housing expenses put pressure on most Canadian household budgets, some Québec cities offer more reasonable monthly costs — sometimes even three times cheaper. Canadian homeowners spend 24% (or almost $300) more than renters on monthly shelter costs. Major Ontario cities boast the most expensive housing costs: Homeowners in 9 cities (including Toronto, Brampton and Markham) pay more than $2,000 a month....

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2023 SASKATOON REAL ESTATE FORECAST: INVENTORY A BIG CONCERN FOR RENTERS, BUILDERS AND BUYERS

Posted in Industry Trends

2023 SASKATOON REAL ESTATE FORECAST: INVENTORY A BIG CONCERN FOR RENTERS, BUILDERS AND BUYERS

It is difficult for the average person to find a home in Saskatoon. Whether you are looking for a rental, seeking an existing home or trying to buy a new one, the same problem exists; and according to local industry leaders, the first half of 2023 is unlikely to bring much relief. Nicole Burgess, CEO of the Saskatoon and Region Home Builders’ Association (SRHBA), has seen the issues from two sides of the market. First, sales of new homes screeched to a halt in the third quarter of the year...

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KEVIN RUSSELL ON THE CHALLENGES N.S. LANDLORDS FACED IN 2022

Posted in Industry Trends

KEVIN RUSSELL ON THE CHALLENGES N.S. LANDLORDS FACED IN 2022

To cap off 2022, Huddle sat down with some of the key figures in Atlantic Canada’s business community – folks representing everyone from tourism operators to energy producers to the startup world. We asked each to reflect on the challenges, successes, and surprises that most impacted their industries and the lives of Atlantic Canadians this year. In the latest of several conversations we will bring you before the new year, Huddle reporter Derek Montague chatted with Kevin Russell, the...

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A LOOK AT THE (HYBRID) ‘OFFICE OF THE FUTURE’

Posted in Industry Trends

A LOOK AT THE (HYBRID) ‘OFFICE OF THE FUTURE’

Ernest & Young (EY Americas) released its second annual EY Future Workplace Index in December, which tracks executive sentiment and behavioral data around the workplace of the future. The survey, based on response from U.S. C-suite executives, reveals surprisingly optimistic attitudes leadership on real estate investment despite economic tightening. Amid the current inflation and interest rate environment, the Index found that just 33 per cent of C-suite business leaders will downsize...

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PRICES ARE FALLING BUT RENTS ARE RISING IN CANADA’S PARADOXICAL HOUSING MARKET

Posted in Industry Trends

PRICES ARE FALLING BUT RENTS ARE RISING IN CANADA’S PARADOXICAL HOUSING MARKET

A paradoxical housing market has emerged recently in Canada. On the one hand are the falling housing prices and sales; on the other are rapidly escalating rents that have increased pressure on renter households. Recently released data by the Toronto Regional Real Estate Board (TRREB) has revealed that the average rent for a one-bedroom apartment, the most common type of rental abode, increased by 20 per cent year-over-year in the second quarter of 2022.  The rents for two- and three-bedroom...

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WEEK OF DECEMBER 5 2022 NEWSREEL WITH KERRY CHANDLER

Posted in Industry Trends

WEEK OF DECEMBER 5 2022 NEWSREEL WITH KERRY CHANDLER

This week, our headlines took us to Ireland. Find out how, what we found may be a foreshadowing of things to come in Canada.

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