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Canadian Urbanism Uncovered

Op-Ed: Why is there so little rental construction?

A developer unpacks the math that makes purpose-built rental so challenging to build

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This is an op-ed column by Jonathan Diamond, a principal at Well Grounded Real Estate Development in Toronto primarily consists of condos, with significantly more condos being built than rental apartments. Furthermore, the skew towards condo development exists in an economic context in which rental vacancy rates are at an all-time low and relatedly, rents are at an all-time high. One would think this scenario provides developers with an incredible opportunity to develop rental buildings... Read more

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