Sentences with phrase «rental stock»

This type of rental stock is still far more favourable than single - unit rentals, such as condos, as you can spread out the risk of rental loss across multiple units.
If anything, the mortgage crisis actually allowed for additional rental stock to become available, because investors bought some of the houses that were lost in the crisis.
Most of what's being built currently is high - end rental stock, designed to cater to those people.
If anything, the mortgage crisis actually allowed for additional rental stock to become available, because investors bought some of the houses that were lost in the crisis.
And it speaks to a provision of more rental stock as well, and not just sectional title units.»
But one hitch could be too much new rental housing development competing with existing rental stock while renters» wages growth could potentially be slowing down.
Jim Cramer drills down into the action of Hertz and Avis to figure out why car rental stocks have struggled.
Low - income Canadians, for whom ownership may never be attainable, are stuck with old, poor - quality rental stock.
Finally, new rental stock is being built.
Cape Town, South Africa leads the rankings with prime rents up 10.2 % year - on - year, as a shortage of rental stock coupled with the introduction of tighter credit regulations has led to a spike in demand as potential homebuyers find themselves having to look for rental accommodation instead.
Legislating away landlord rights to rent their homes out for specific periods of time can only decrease rental stock over time, as renting is now even more risky for home owners.
The investments come as Dublin residential rental stock falls to just 1,500 (as of 1st November), down from 6,700 in 2009.
But recent reports are suggesting a very different story: in cities like Vancouver, London and New York, sites like Airbnb are actually contributing to a growing housing crisis by diverting rental stock that could have been rented to local, long - term tenants instead.
Recognizing the need for affordable housing, and increased building costs and land restrictions in many markets over the past 15 years, developers and investors have been turning attached rental stock into for - sale condominium communities — and the movement to convert has never been stronger than in the past year.
Conversions of single - family houses from owner - occupied to rental accounted for roughly 80 percent of the increase, as the single - family share of the total rental stock climbed from 34 percent to 40 percent in the 10 - year period.
What I think we will see is frustrated host eventually just sell their vacation homes during this hot market and again, that Seattle home will not be added to the long term rental stock.
But it doesn't seem to have an argument for why lowering taxes on existing rental stock would be better than supercharging new rental construction through tax breaks — something the city and state are already offering under 421a's new avatar, Affordable New York.
This is along with a strong rental demand across the board, with every segment of the market active and experiencing a shortage of rental stock, with an oversupply of would - be tenants and as a result, increasing rental yields.
«We recognize the need for platforms like Airbnb to play a bigger role in helping the City prevent the loss of affordable rental stock,» Airbnb said in a blog post.
Such declarations happen every three years after a required survey of the city's rental stock.
A significant chunk of the rental stock is lost.
The imbalance between the growing demand for housing and the fast dwindling supply, which has all but grinded to a halt thanks to the banks» stringent lending criteria and the enormous challenges faced by residential property investors, has ensured that rentals have increased steadily and rental stock shortages are evident across the country.
Newton wanted to add to his existing rental stock.
A proposed new industrial development in Kingsburgh, close to Southgate, aims to increase the amount of rental stock.
While it's unclear whether that will come to fruition — city council conducted public consultations last summer — it's estimated the tax could return 15,000 to 28,000 currently vacant homes back to rental stock.
Over 90 percent of permits were primarily for rentals (multifamily), which contributes to the rental stock.
Another 4.6 million were vacant in 2011 and may become part of the rental stock as demand continues to grow.
Nationally, the for - rent market now appears to be in relatively good balance, with the rental stock close to overall rental demand, resulting in «normal» vacancy levels.
Despite increases in overall rental stock, affordability remains a concern for many renters, as the rental stock affordable for low - income renters continues to deteriorate.
In Halifax, a lot of the rental stock coming online is condo - quality, and renting offers a significant cost advantage over owning a condo in that market.
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