Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Rents climbing, condition worsening for affordable housing: CMHC
In this episode, the discussion kicks off with an introduction to the episode, followed by a sponsor message from Real Approved Inc. The conversation then turns to a CMHC report detailing current housing market trends and conditions. The episode explores national rent price trends and forecasts, providing listeners with an overview of what to expect in the coming months. The role of government in housing management and maintenance is also discussed, highlighting the importance of policy in shaping the housing landscape. The episode concludes with closing remarks and a reminder from Real Approved Inc.
Key Points
- Rents are climbing and the condition of affordable housing is worsening across Canada, with many units requiring repairs.
- The proportion of social and affordable housing units in poor condition has increased sharply, with 23 percent now deemed poor compared to 2.5 percent in 2019.
- National average rents have increased significantly between 2019 and 2024, with three-bedroom units seeing a 30 percent rise.
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Transcript
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