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.
Financial Landlords, Toronto Housing Affordability, and Multifamily Strategies
In this episode, Sandy MacKay introduces the topic of financial landlords and their effect on housing affordability in Toronto. He examines the implications of rent increases, particularly on marginalized communities. The discussion progresses to government support measures and strategies employed by multifamily funds. Sandy also explores the consequences of multifamily development moratoriums and their impact on urban planning. The episode wraps up with closing remarks, offering a comprehensive look at the interconnected issues of housing affordability, community impact, and regulatory responses in the multifamily real estate sector.
Key Points
- Financial landlords in Toronto, such as private equity firms and real estate investment trusts, are driving significant rent increases, adversely impacting housing affordability.
- A University of Waterloo study found that financial landlords charge asking rents that are 44 percent higher than the average rent in Toronto neighborhoods, with the disparity being most pronounced in low-income, racialized communities.
- Mesirow Financial's new multifamily fund, having raised $1.245 billion, aims to target value-add multifamily assets across the top thirty U.S. markets, focusing on properties with potential for revenue growth through cost optimization and space upgrades.
Chapters
| 0:00 | |
| 1:44 | |
| 3:28 | |
| 6:25 | |
| 8:14 |
Transcript
Loading transcript...
- / -