4 ms·
What really matters is what percentage of the vacant units are on the rental market. For example in Toronto based on official statistics rental vacancy is 1.2%
by c2h5oh 10y ago
What really matters is what percentage of the vacant units are on the rental market.
For example in Toronto based on official statistics rental vacancy is 1.2%. 2011 census provides the rest of the required data: there were 1,112,929 private dwellings in Toronto out of which 476,085 were rentals. 1.2% of that is 5,713 units, out of 100,000 estimated vacant.
Imagine what difference on a rental market increasing available vacancies 15 or 20 times would make..
- cperciva 10y agoBe careful about those statistics. The official reported vacancy rates in Canada are usually for purpose-built rental accommodation, whereas a large (and increasing) proportion of the rental market is rental of condominiums and secondary suites.