Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Opinion: Rent control a short-term fix with long-term consequences
Sandy MacKay delves into the pressing issue of supply shortages and rent control in the multifamily real estate market. The episode begins with an introduction to the root causes of these challenges and their impact on the industry. Sandy explores alternative solutions and government tools that could address these problems, providing insights into potential strategies for improvement. The discussion emphasizes the need for innovative approaches to overcome the current obstacles. The episode concludes with closing remarks and appreciation for the listeners.
Key Points
- Rent control may address immediate affordability issues but fails to tackle the root problem of housing supply shortages.
- Significant rent increases in cities like Calgary highlight the urgent need for more purpose-built rental housing.
- Government programs like the Canada Mortgage and Housing Corporation's MLI Select initiative can incentivize the construction of affordable and energy-efficient rental units.
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Transcript
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