Canadian Multifamily Market Trends and Housing Affordability Insights
In this episode, Sandy MacKay provides an in-depth analysis of the Canadian multifamily market, discussing current challenges and the recent surge in unit completions. He examines the effects of trade tensions on housing market predictions and explores the ongoing debate around market rebalancing and affordability. Sandy shares insights from recent housing summits, focusing on the "affordability escalator." He also addresses the impact of land-use deregulation and rezoning on housing production. The episode includes a look at the Canada Real Estate Market Outlook, key economic insights, debt market trends, and the fundamentals driving growth in the multifamily sector. Sandy concludes with his closing remarks and expressions of gratitude.
Key Points
- The Canadian multifamily real estate market is currently facing challenges due to increased supply and international trade tensions, leading to a decrease in average national asking rents.
- Despite the surge in new multifamily unit completions, rental demand may remain steady due to ongoing homeownership affordability issues and financial strain from a trade-war-induced recession.
- Land-use deregulation and the development of high-end multifamily units can potentially alleviate housing pressures across different income levels by enabling an "affordability escalator" effect.
Chapters
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| 0:20 | |
| 1:32 | |
| 2:45 | |
| 3:41 | |
| 4:52 | |
| 5:58 | |
| 7:04 | |
| 8:41 | |
| 9:03 |
Transcript
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