Over Half Of Purpose-Built Rental Sites In GTHA Have Infill Potential

Over Half Of Purpose-Built Rental Sites In GTHA Have Infill Potential

In ten years’ time, demand in Ontario’s rental market is expected to outstrip supply by almost double, according to a new study from the Federation of Rental-housing Providers of Ontario (FRPO). Prepared in collaboration with research and consultancy firm Urbanation, the study forecasts that rental demand will increase by a total of 418,000 units by 2034, while purpose-built and condominium rental supply will increase by just 211,000 units.With …

Purpose-Built Rentals: Why Are They On The Rise? | Canadian Real Estate Wealth

Purpose-built rentals are properties designed and constructed from the ground up specifically for the rental market. Unlike properties acquired and then adapted for rental use, these buildings are created with features and layouts intended to meet the needs of long-term tenants. They also offer several potential benefits for investors who seek to balance risk and return.  Over the past decade, starts for this type of housing has quadrupled. They…