Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Canada's Housing Demand Surge: Multifamily Market Updates and Policy Impacts
In this episode, Sandy MacKay kicks off with a multifamily market update, setting the scene for Odeta Kushi's insights on housing market supply challenges. He discusses how builders are increasingly turning to sales incentives amid these challenges. The episode examines the impact of Canada's population surge on housing demand and explores the government's role and policy impacts on rental housing investment. Sandy also delves into the realignment of risk and return within the multifamily real estate sector, offering a comprehensive view of current trends and strategic considerations for investors navigating this evolving landscape.
Key Points
- New residential construction in July saw a significant increase, with multifamily housing starts for properties with five or more units surging by 11.6%.
- Despite a slight decline in residential permits, builders are increasingly using sales incentives to bolster demand amid supply-side challenges and growing competition from resale homes.
- Canada's policy environment is prioritizing long-term rental housing, creating a rich opportunity for investors to capitalize on a demographically driven market with substantial potential for scalability.
Chapters
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Transcript
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