High and Low: The Soaring Demand and Limited Supply of Toronto’s Purpose-Built Multifamily Market

  Introduction The Toronto housing market stands at the intersection of housing affordability and availability, with asking rents trending higher amid wages that struggle to keep up. While average rental rates for private condominiums (condos) have outpaced increases in wages, so too have rates for purpose-built rentals. Exacerbating the issue further, developers are economically incentivized Continue reading High and Low: The Soaring Demand and Limited Supply of Toronto’s
Purpose-Built Multifamily Market

Costa-Hawkins Prevails, Securing Certainty in the Los Angeles Multifamily Market

On Tuesday, November 6, 2018, Californians took to the polls to determine the fate of Proposition 10, a statewide rent-control measure that would repeal the Costa–Hawkins Rental Housing Act (Costa-Hawkins) and allow individual municipalities to exercise more control over multifamily rental rates. The citizen-run measure was stopped in its tracks with a voting margin of Continue reading Costa-Hawkins Prevails, Securing Certainty in the Los Angeles Multifamily Market

The Great Costa Hawkins Debate: How the Los Angeles Multifamily Market Hangs in the Balance

For renters across the Los Angeles multifamily market, 2018 has been both an interesting and challenging year, with fears of wildfire damages to their homes as well as the continuing debate surrounding Proposition 10, the statewide rent control law that, if passed, will repeal the Costa-Hawkins Rental Housing Act (Costa Hawkins) and give municipalities more Continue reading The Great Costa Hawkins Debate: How the Los Angeles Multifamily Market Hangs in the Balance

The U.S. Senior Housing Market Facing a Supply Shortage

  Seniors in the United States are facing a housing dilemma stemming from the diminishing unit supply as well as climbing rent rates nationwide. The growth of the U.S. senior population is continuously outpacing the development of unit supply — a gap that may grow significantly year over year. This is creating longer wait lists for applicants, Continue reading The U.S. Senior Housing Market Facing a Supply Shortage

Analyzing the Canadian Senior Housing Dilemma

Canada’s seniors are facing a severe housing shortage as there is an increasing number of baby boomers turning 65, coupled with a low property vacancy and supply as well as general soaring rent rates. This issue is especially magnified with Canada’s senior population since they often require properties with the care facilities and staffing that Continue reading Analyzing the Canadian Senior Housing Dilemma