Behind the Numbers: Looking Back on Rental Trends of 2023

In this episode, we take a look back at 2023 and the rental
trends reported by Rentsync and Rentals.ca. The Canadian housing
market seems to be setting and breaking records each day, but
does the good outweigh the bad? To help us make sense of
Rentals.ca and Urbanations's report, we are joined by three of
its influential contributors; the Product Manager of Data
Services at Rentsync, David Aizikov, the CEO of Rentsync, Max
Steinman, and the President of Urbanation, Shaun Hildebrand. The
trio is here to walk us through their findings, which include the
steady of flow new rental trends that have played out throughout
the year, supply and demand numbers, the undeniable national
crisis relating to the cost of living, and the possible impact
that reduced housing may have once it enters the market from 2024
onwards. We also learn about the hidden opportunities of
affordability, the fears that most prospective homeowners share,
the communal relief that rent and housing is top-of-mind for
mainstream media and policy-makers, and what renters and
landlords can expect from the market in 2024 and beyond. 


 


Key Points From This Episode:


 


Introducing three key compilers of Rentals.ca and
Urbanations's annual rental report, David Aizikov, Max Steinman,
and Shaun Hildebrand.

Assessing the consistency of new rental trends that we've
witnessed throughout the year.

Supply and demand numbers, and the factors that affect them.

The cost-of-living crisis. 

Exploring the possible impact of reduced housing's addition
to the supply in 2024. 

Whether the softening of demand and leveling of rents is
closer than we may realize. 

Community upliftment and other opportunities of
affordability.

The fears of a prospective homeowner.

What it means for housing and rent to be at the top of
policy-making agendas. 

How landlords and renters ended up understanding the other's
perspective.

What renters and landlords can expect from the market in 2024
and beyond. 



Listen to the episode wherever you get your
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