Ezekiel Adewunmi’s Post

Let’s take a look at the current state of housing affordability in California for both #Multifamily and #Singlefamily homes 🏠 As we can see, rentals aren’t cheap but across several counties, it still provides a cheaper alternative. These are the big considerations every Californian has to make. While renting may not be as attractive as a long term investment like a single-family home, renting should still be an affordable option. #Data #HousingMarket #Homes

We need alternative solutions for near-term housing and rental relief. We can't rely on new builds; they take time and production is going backwards. Using existing housing in vacant homes, STRAs and room lets is a viable alternative while building new homes. #housingsupply #housingaffordability #rents #alternativehousing #rentalcrises #housingcrises #auspol #victoriahousing

Unveiling Rent Control in Ontario! Did you know that not all properties are covered? Post-2018 builds in Ontario are exempt! Rent Control Essentials: ✅ Prevents rapid rent spikes ✅ Consistency in living expenses ✅ Exceptions for renovations or costs Click the link below to learn more: 👇 https://lnkd.in/eaN82zum\ . . . #OsgoodeProperties #OntarioRentControl #RentStability #StableLiving #MakeYourBestMove #PropertyManagement #ApartmentLife #Ontario #OntarioHousing #RentingTips #HousingPolicy #MultiFamilyRealestate

Winnipeg | A Hotspot for Multifamily Rentals According to a recent RENTCafé report, Winnipeg has emerged as one of Canada's most sought-after multifamily rental markets, ranking #1 in renter interest for Q3 2024. As larger cities see a plateau in demand, smaller markets are thriving, with Winnipeg and Saskatoon leading the way. With affordable living options, strong job prospects, and a robust economy, Winnipeg is drawing in renters from across Canada, including Toronto and Calgary. This trend highlights the growing preference for quality of life and affordability outside the traditional urban hubs. Explore why Winnipeg's multifamily market is booming. Please read the full Connect Canada CRE article here. https://lnkd.in/ebyDV464

This week I have been doing some research around what’s happening with the rental market in Geelong and surrounding areas. There are some interesting trends. Firstly, many investors and homeowners who would normally provide their property for rental are finding the new hurdles to owning a residential rental to be too high. These hurdles, 130 new regulations in total introduced in 2021 reforms, include: changes to how rent is paid, and how much can be asked to be paid in advance, limits to how much rent can be raised annually, bans on rental bidding, changes to the standards of accommodation and requirements for repairs and damage. A landlord must pay for regular inspections by the managing agents and other services to ensure the house is up to spec and all these inspections cost more money. Read the rest of the article written by Gareth for The Times via the below link-

Residential rental growth has slowed in most major cities, including Toronto, Vancouver, Calgary, and Montreal. Vancouver and Toronto saw the largest year-over-year rent declines, with Calgary and Montreal following the same trajectory. The decline is largely, but not exclusively, a result of an increased volume of supply entering the market. Rental completions in 2023 and 2024 (year-to-date) have been some of the highest in the last two decades, particularly in Toronto. Condominium completions, which contribute to the secondary rental market, have also added a significant amount of inventory in the past few years. With a significant number of units still in the pipeline (both rental and condominium), completions are expected to remain high in the next couple of years, potentially further cooling rental growth. However, with a sharp decline in condominium starts, a “supply drought” is projected beyond 2027, which will considerably shrink the secondary rental market. So far in 2024, rental starts have also decreased compared to 2023, largely due to high construction and financing costs. Despite plans to lower immigration targets, population growth is expected to remain strong, continuing to drive the need for rental housing. With a smaller inventory of rental condominium units down the line, and potentially fewer purpose-built units, the supply-demand gap is expected to persist long-term, likely creating conditions for stronger rental growth closer to 2030. #rentalgrowth #rentalmarket

According to Proptrack, the supply of affordable rental housing in Australia has dropped significantly over the past two years, with only 5.9% of listings now priced under $400 per week. Read more: https://elite.ag/1jpchla #realestate #eliteagent #eliteagentmag #realestateagent

💡 Stay Informed: Rent Increase Guidelines in Ontario! 💡 Attention, renters and landlords! It's essential to understand the guidelines surrounding allowable rent increases in Ontario to ensure a fair and transparent rental experience. Here's what you need to know: 📈 Maximum Percentage Increase: Ontario guidelines specify the maximum percentage by which a landlord can increase most tenants' rent in a year without the Landlord and Tenant Board's approval. This guideline applies to various rental properties, including houses, apartments, condos, care homes, mobile homes, and land lease communities. ❌ Exemptions: However, it's crucial to note that these guidelines do not apply to specific properties, including new buildings, additions to existing buildings, and most new basement apartments occupied for residential purposes for the first time after November 15, 2018. Additionally, exemptions exist for rental units upon tenancy turnover, community housing units, long-term care homes, and commercial properties. 🛑 Avoiding Confusion: To avoid misunderstandings and disputes, landlords and tenants should familiarize themselves with these guidelines and ensure compliance with applicable regulations. Following the rules can promote transparency and fairness in the rental market. 💬 Seeking Guidance: If you have any questions or concerns about allowable rent increases or other rental-related matters, don't hesitate to seek guidance from reputable sources or professional advisors. Understanding your rights and obligations is critical to a positive and harmonious rental experience. Stay informed and empowered with knowledge about rent increase guidelines in Ontario. Knowing the rules helps foster transparency and accountability in the rental market, whether you're a landlord or tenant. 🤝 🔑 Catana Team Real Estate ✨ Emanuel Catana ✨ Simona Catana ✨ Ana Pasca 🔹 Sales Representatives 📞 (519) 501-3399 🌐 https://catanateam.ca/ #RentIncreaseGuidelines #OntarioRentalRules #KnowYourRights#RealEstateInsights #MarketTrends #LeaseHome #BuyHome #SellHome #BuyYourDreamHome #KeytoYourNewHome #RealtorLife #OntarioHomes #CatanaTeamSuccess #CatanaTeam #RealEstateMarket #RealEstateCanada #RealEstateInvestment #RealEstateSuccess #SoldSmart #Ontario #KitchenerWaterlooCambridge #KWC #Waterloo #WaterlooRegion #Kitchener #Cambridge Smart From Home Realty Ltd., Brokerage

UK renters prefer city living and sustainable amenities, but financial barriers to homeownership remain, according to MRI Software. The firm's 2024 Rental Housing Trends Report found that a staggering 80% of renters now feel priced out of the housing market, with 33% completely abandoning homeownership. Affordability remains the primary obstacle, particularly among those over 55, indicating a shift towards long-term renting across age groups. Read the full article here: https://lnkd.in/ejA28PUZ #progressivelets #lettingsagent #lettings #let #torent #rent #estateagent #estateagents #property #properties #lettingsagentpeterborough #estateagentpeterborough #peterborough #tolet #toletpeterborough #peterboroughproperties #peterboroughomes #tenants #tolet #forrent #propertynews

Whether you are looking at independent homes or high-rise apartments in capital cities, rents across Australia have been increasing at a rapid pace. According to a recent study, Sydney has emerged as the most expensive capital city to rent an apartment. Unfortunately, the high demand has made landlords and property managers outrageously raise the rent. So, it is good to do proper research on Sydney’s Residential rental market and keep the following things to remember. Make decisions wisely and move safely with your family. https://lnkd.in/gdJ3_Qza #moving #housemove #renting #apartment #livinginsydney #rentalhouse #australia #sydney