“Rents in Canada are increasing at their slowest pace in nearly three years, largely the result of foreign student enrolments dropping by roughly a half from their record highs, with the impact felt most in B.C. and Ontario,” said Shaun Hildebrand, president of Urbanation.”
Odd–I was told supply and demand was not a thing.
Who would have thought that reducing the surge in rental demand, leading to more available units and higher vacancy rates (even as overall demand grows, but more slowly), combined with increased housing supply (just look at all the condos being completed in Toronto), would actually lessen competition for rentals and slow rent increases, or even cause them to drop?
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“Rents in Canada are increasing at their slowest pace in nearly three years, largely the result of foreign student enrolments dropping by roughly a half from their record highs, with the impact felt most in B.C. and Ontario,” said Shaun Hildebrand, president of Urbanation.”
Odd–I was told supply and demand was not a thing.
Who would have thought that reducing the surge in rental demand, leading to more available units and higher vacancy rates (even as overall demand grows, but more slowly), combined with increased housing supply (just look at all the condos being completed in Toronto), would actually lessen competition for rentals and slow rent increases, or even cause them to drop?
Can demand slows to a point where rent goes down?
Goooooooddddddd