Sync or Swim: The Multifamily Growth Show

Imagine paying $5,600 a month in rent in Toronto by 2032. In this episode, Giacomo Ladas hosts Erkan Yönder, Associate Professor at Concordia’s John Molson School of Business, to unpack this projection and its far-reaching impacts. Using advanced AI models, Erkan’s recent study forecasts steep rental increases in Canada’s largest cities, driven by immigration, high demand, and supply constraints. Surprisingly, even a growing supply hasn’t eased rents due to overwhelming demand, creating an unsustainable market. Erkan and Giacomo explore potential solutions, including targeted job creation in smaller regions and flexible zoning laws to distribute growth beyond Toronto, Vancouver, and Montreal. With AI’s ability to trace complex patterns in rental trends, Erkan offers a glimpse into how rent could reshape Canadian cities over the next decade. Tune in for a deeper understanding of the housing challenges ahead and the partnerships needed to keep living costs manageable. Key Points From This Episode: • Introducing today’s guest Erkan Yönder and his research. • Why rents in Toronto could hit $5,600 per month by 2032. • The surprising correlation between supply increases and rising rents. • Why high demand outpaces rental supply in big cities. • How immigration policies and other factors impact housing demand and rental prices. • Why Toronto, Vancouver, and Montreal face unique rental market pressures. • Erkan’s perspective on job creation to draw people to smaller regions. • The role of zoning laws in expanding housing beyond major cities. • Why certain areas experience higher rent growth than others in Canada. • Ways that advanced AI models enhance real estate predictions and analysis. • Advice to landlords and renters for navigating changing rental markets. • How investors and government can work together to improve housing.   Quotes: “Then the question becomes, why do we have more immigrants in Toronto than many other regions across Canada? The reason is there are – more available jobs.” — @erkanyonder [0:14:11]   “AI can help us in certain aspects, especially when it comes to projections and predictions. So, why not have that information on the table and try to make more sophisticated decisions?” — @erkanyonder [0:28:23]   “Capital from the government won’t be enough to build this much, – we need institutional investors to come to these markets and invest in those property companies, invest directly.” — @erkanyonder [0:33:10] “In the long run, it’s a very simple solution, we need to build more, and in order to build more, we need capital investors, real estate companies, and local governments and the government involved in this problem.” — @erkanyonder [0:35:03]   Links Mentioned in Today’s Episode: Erkan Yönder Erkan Yönder at Concordia Erkan Yönder on LinkedIn Erkan Yönder on X ‘AI-Driven Insights into Key Factors Influencing Canada’s Rental Market’ Concordia’s John Molson School of Business Giacomo Ladas on LinkedIn Rentsync Sync or Swim Podcast Sync or Swim Email  

The housing market in Canada has done some very surprising things since 2020 and today on the Sync or Swim Podcast, Tom Storey joins us to share his thoughts on the market and tell us all about his podcast, the Tom Storey Show. Tuning in, you’ll hear all about Tom’s career, why he decided to start the Tom Storey Show, how condo prices have changed pre-COVID, why the rise in purpose-built rentals is only going to continue, and so much more! Tom stresses the importance of being educated on the rent-control date and what it means for landlords before telling us that renting in the short term may be more beneficial than buying. He even shares some advice for first time property buyers, discusses what you should look for when buying a property, and discusses his opinions on the housing supply issue. Lastly, we explore how secondary markets are going to affect the housing market. You don’t want to miss this conversation, so be sure to press play now! Key Points From This Episode: • Introducing today’s guest, Tom Storey. • Tom tells us about his career and what inspired him to start his real estate podcast. • The surprising change in condo prices and the kind of stock that’s moving now. • Why Tom believes we will see a rise in the building of purpose-built rentals. • The importance of understanding what the rent-control date means. • What Tom is seeing in terms of new supply coming into the housing market. • Why our guest believes that renting for the next two years is the best option. • How buyers are making some money back by renting out part of their properties. • Tom shares some advice for first-time rental property buyers just starting out. • Seasonal changes in the market and what to look out for when buying property. • How secondary markets are going to affect housing markets in the future. • Tom shares his opinions on the housing supply issues in Canada right now.

Canada’s rental crisis is often oversimplified as a mere supply and demand issue. However, for today’s guest, Weiting Bollu, it became deeply personal after losing over $35,000 to delinquent tenants and navigating Ontario’s complex rental compliance laws. Her experiences led her to recognize the critical need for a transparent and cohesive rental ecosystem that rewards responsible behavior, essential for building a fair and sustainable rental market. Drawing on her extensive background in software product management across various sectors including education, telecommunications, insurance, and AI, Weiting co-founded Openroom with her husband, Vishal. This innovative crowdsourcing platform empowers tenants and landlords by providing access to crucial tenancy court orders and enhancing transparency in the Canadian rental market. In this episode, Weiting discusses the importance of treating rental properties as compliant businesses and tenants as valued customers. She also offers practical advice for new landlords and sheds light on the significant challenges posed by rent nonpayment. Tuning in, you’ll gain valuable insights into creating a fair rental environment, practical tips for landlords, and a deeper understanding of how Openroom is driving positive change in the rental market. Don’t miss this opportunity to enhance your understanding of the rental landscape today!   Key Points From This Episode: • The tenancy dispute that Openroom was created to solve and what it offers today. • Reasons that transparency and cohesion in the rental ecosystem are so important. • Insight into Weiting’s entrepreneurial journey with her husband, Vishal. • Why landlords should treat renting property as a business and tenants as customers. • Education-focused advice for new landlords to help them overcome typical challenges. • Stats from the LTB to illustrate the trouble landlords face with nonpayment of rent. • How the law works to protect both landlords and tenants equally. • Factors that contribute to unpaid rent and the repercussions that follow. • Ways that Openroom is working to change the rental ecosystem for the better. • How Weiting hopes to be a role model for other minority women in tech. • Why Openroom maintains its grassroots focus, even as the company scales. • Training programs, subscriptions, and more: Openroom’s approach to monetization. • Weiting’s take on rental increase caps and rent control more generally.

  Ever questioned the validity of the hot takes on Canada’s rental market? Then be sure to join us on this episode of the Sync or Swim podcast, as we dive into an open conversation and unpack the truths and myths of the rental market’s hottest takes. We are excited to have two incredible guests on the show, Max Steinman, the CEO at Rentsync & Rentals.ca, and Jenna Chick, the Director of Leasing at Fitzrovia. Together, we break down several hot takes prevalent in the Canadian rental market, including renting as a simple waste of money, Canada’s perceived low vacancy rates, arbitrary rent prices and the ability for landlords to make a fair return, rent control as a solution to housing affordability, and more! Thanks for listening, enjoy.   Key Points From This Episode: What listeners can expect from today’s Sync of Swim podcast episode. Our thoughts on the idea that renting is simply a waste of money. Redefining rental living in Canada. Are landlords only interested in profits and are they one-size-fits-all? We unpack Canada’s perceived low vacancy rates. The benefit of purpose-built rentals and the associated laws around them. We discuss the record-high interprovincial migration (from Ontario to Alberta). Jenna highlights tips on what landlords are looking for in possible tenants and how to beat the competition. Arbitrary rent prices and the ability to make a fair return. We analyze the new legislation around short-term rentals (and whether they’re ruining the housing market). Rent control as the solution to housing affordability. Advocating and educating on purpose-built rentals.  Why simply plugging a tenant into any unit won’t lead to success (for leasing agents!) How rent control works in Toronto. Our take on whether tenants have community involvement in renting situations.    Links Mentioned in Today’s Episode:   Jenna Chick on LinkedIn Jenna Chick Email Max Steinman on LinkedIn Rentals.ca Fitzrovia Rentsync Sync or Swim Podcast Sync or Swim Email