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Vacancy Rates

CALGARY TENANTS GROUP PUSHES FOR RENT CONTROL, EVICTION PROTECTION

Posted in Rent Control, Vacancy Rates

CALGARY TENANTS GROUP PUSHES FOR RENT CONTROL, EVICTION PROTECTION

A group of Calgary renters is organizing to advocate for better tenants’ protections in the city. The ACORN Tenant Union began in Calgary this June, looking to represent and advocate for low- and middle-income renters in the city. As of Thursday, their membership list had reached more than 1,100. That count includes Jordie Hoffman, a University of Calgary student who has lived in four different rental units in the past year, finding difficulties securing housing as Calgary’s market sees rising...

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MORE THAN 250 N.B. PUBLIC HOUSING UNITS SIT EMPTY ON AVERAGE EACH MONTH, DESPITE WAIT LIST

Posted in Housing, Vacancy Rates

MORE THAN 250 N.B. PUBLIC HOUSING UNITS SIT EMPTY ON AVERAGE EACH MONTH, DESPITE WAIT LIST

Jessica Wright has spent more than a year and a half on New Brunswick’s wait list for affordable housing, hoping to be placed into an accessible unit in Saint John or to receive a supplement to help pay her rent. The 31-year-old signed up shortly after she had two aneurysms on the right side of her brain, affecting her balance and mobility, among other challenges. “I went from I would say a somewhat healthy, normal, physical person at 30, to a very disabled person,” Wright...

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WEEK OF JULY 4 2022 NEWSREEL WITH KERRY CHANDLER

Posted in Industry Trends, Newsworthy, Rent Control, Vacancy Rates

WEEK OF JULY 4 2022 NEWSREEL WITH KERRY CHANDLER

Today we’re talking  – rent control and vacancy decontrol, the government, advocacy groups and how they hurt both tenants and the industry.

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WHY AFFORDABLE WORKER HOUSING IS THE LATEST HURDLE FOR CANADA’S TOURIST TOWN HOTSPOTS

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Vacancy Rates

WHY AFFORDABLE WORKER HOUSING IS THE LATEST HURDLE FOR CANADA’S TOURIST TOWN HOTSPOTS

When he opened Fish & Sips with his wife in 2015, Paul Feather found hiring to be one among many challenges of running a restaurant with long hours on the main drag of Collingwood, Ont. But after the COVID-19 pandemic struck and housing prices in vacation hotspots soared, the cod-and-calamari-slinging 49-year-old saw staffing as his No. 1obstacle, due in no small part to a shortage of affordable places for workers to rent. “It’s the affordability, but also the availability. There isn’t...

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DESPITE HOUSING CRUNCH, ALMOST 20 PER CENT OF ST. JOHN’S UNITS ARE EMPTY

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Vacancy Rates

DESPITE HOUSING CRUNCH, ALMOST 20 PER CENT OF ST. JOHN’S UNITS ARE EMPTY

As a shortage of affordable rental housing grips the capital of Newfoundland and Labrador, an anti-homelessness group is calling on the City of St. John’s to fill its vacant public units. Doug Pawson, executive director of End Homelessness St. John’s, says the 80 units sitting empty as of Tuesday — 51 of which need repairs before they can be rented — could have a big impact in the city of about 212,000 people. “Fifty units of public housing that are not available could make a...

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HOUSING SITUATION STILL PRECARIOUS IN MANY QUEBEC REGIONS AHEAD OF MOVING DAY

Posted in Affordable Housing, Housing, Industry Trends, Newsworthy, Vacancy Rates

HOUSING SITUATION STILL PRECARIOUS IN MANY QUEBEC REGIONS AHEAD OF MOVING DAY

Granby resident Marilène Bédard has looked “everywhere” to find an apartment for herself and her two teenage children: Kijiji, Facebook Marketplace, rental sites, word of mouth, and even newspaper ads. But so far, the only available unit she has found is not ready until December, and she hasn’t been able to secure a lease for it yet. Bédard separated from her partner a little more than a month ago, forcing her to find a new place to stay. But the timing of the split has made...

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COULD EMPTY OFFICE TOWERS HELP EASE MONTREAL’S HOUSING CRISIS?

Posted in Housing, Industry Trends, Newsworthy, Vacancy Rates

COULD EMPTY OFFICE TOWERS HELP EASE MONTREAL’S HOUSING CRISIS?

Two of the biggest challenges Montreal is facing are how to revive downtown, which was hollowed out by the COVID-19 pandemic, and how to ease a growing housing crisis, where affordability and availability are squeezing renters and buyers alike. But what if one problem could be part of the solution to the other? Downtown is coming back to life, with offices recalling workers, university students due back in classes in person next fall and a busy summer tourism season planned. Mayor Valérie...

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HOME SWEET RENTED HOME

Posted in Industry Trends, Newsworthy, Rental Rates, Vacancy Rates

HOME SWEET RENTED HOME

As the Canadian rental market recovers from the pandemic, vacancy rates in cities like Toronto are dropping and rents are rising. Despite those challenges, many appear content to rent.In a recent survey by Entrata, a property management software firm, two-thirds of respondents say renting fits their current lifestyle more than owning a home. Almost half want to stop renting and own a home within the next three years and 43 per cent admit they need more space, possibly to accommodate ongoing...

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GTA RENTAL VACANCY RATE CONTINUES TO DECLINE IN Q1

Posted in Industry Trends, Newsworthy, Vacancy Rates

GTA RENTAL VACANCY RATE CONTINUES TO DECLINE IN Q1

Urbanation Inc., the leading source of data and analysis on the GTA condominium and rental apartment markets since 1981, released its Q1-2022 rental market results. GTA Rents Rise by Fastest Pace on Record Condominium rents for leases signed during Q1-2022 rose 3.1% quarter-over-quarter and 15.8% year-over-year, representing the fastest Q4-to-Q1 and annual rates of growth since Urbanation began tracking the rental market in 2010. At an average of $3.37 per square foot ($2,396 for 710 sf) in...

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RENTAL MARKET PROVES ROBUST HOUSING SUPPLY DYNAMICS HELP PEOPLE FIND HOMES

Posted in Affordable Housing, Housing, Newsworthy, Vacancy Rates

RENTAL MARKET PROVES ROBUST HOUSING SUPPLY DYNAMICS HELP PEOPLE FIND HOMES

Owned and rental housing are two sides of the same coin, and they flipped quite distinctively during the pandemic: There were unprecedented increases in the prices and sales of owned housing across the country, while demand for rental housing grew slightly overall, yet slowed in some markets. The demand for rental housing grew in 2021 relative to the previous year, along with the resumption of economic activity, especially in sectors employing young workers, and rising immigrant inflows,...

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