
Canadian Housing Recovery, Toronto's Rental Bylaw, and Utah's Multifamily Investments
In this episode, Sandy MacKay explores the Canadian housing market's recovery, regional price changes, and the pandemic's impact on trends. He discusses economic prospects, buyer confidence, interest rates, and affordability challenges, including immigration target cuts. Sandy also examines inventory levels, market stabilization, and Toronto's new Rental Renovation Licence Bylaw aimed at reducing unlawful evictions. Additionally, he highlights Utah's affordable housing initiative and the rise of infrastructure-as-an-asset in real estate. Sandy wraps up with his closing remarks.
Key Points
- Economic shifts and policy changes are significantly impacting Canada's housing market, with Ontario and British Columbia experiencing the steepest declines due to high inventory levels and strong competition among sellers.
- Toronto's new Rental Renovation Licence Bylaw is showing early signs of reducing renovictions, helping to preserve affordable housing and protect tenants from unjust evictions.
- Utah's innovative $35.5 million multifamily housing bond offering addresses affordable housing shortages while providing stable returns for institutional investors, reflecting a broader trend towards leveraging infrastructure-backed financing in high-growth Sun Belt states.
Chapters
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1:03 | |
2:25 | |
3:20 | |
4:21 | |
5:18 | |
6:01 | |
9:10 | |
9:40 | |
11:10 | |
12:30 | |
13:01 |
Transcript
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