The supply of rental housing in Canada has been dropping since 2007 and is now at its low position in Twelve years, and that should accelerate new development of flat buildings, .
Towns such as Toronto have not seen major house construction for a minimum of 40 years.
The home multifamily vacancy rate is likely less than 3 per cent in major urban markets.
But a variety of factors are now collaborating that should push developers into the market.
As a result, let's not be stunned to see pension funds re-entering the multifamily real estate market, or real-estate investment trusts competing with each other for investments in this area.
Everywhere publicly traded firms such as property investment trusts are doing the bulk of the bargains.
Year-to-date 59 per cent of the purchasers of office properties were public, 57 per cent of purchasers of retail properties were public, and 66 percent of purchasers of multifamily properties were public.
An exception is industrial or producing sites. But while only 33 % of the purchasers of such properties this year were public firms, that's up from 10 % in 2010.
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