Toronto Purpose-Built Rental Apartments | Hamilton Lane

3 days ago · Co-Head of Real Estate Liz Bell discusses how the Toronto purpose-built rental apartment market presents opportunities for attractive risk-adjusted returns. ... Hamilton Lane …

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FAQs about Toronto Purpose-Built Rental Apartments | Hamilton Lane Coupon?

How many purpose-built rental apartments are there in the Greater Toronto Area?

According to CMHC data as of October 2021, purpose-built rental apartments totaled 340,048 units in the Greater Toronto Area, representing a 14% share of the total Greater Toronto Area (GTA) housing stock measured through the 2021 Census. ...

What is Toronto's purpose-built rental housing incentives stream?

Toronto's Purpose-Built Rental Housing Incentives stream delivers over 7,000 new rental units in its first phase, addressing critical housing shortages with significant developer incentives. ...

How many new rental homes are being built in Toronto?

Backgrounder November 15, 2024 Creating 7,000 new rental homes using City resources through new incentives stream With an increasing number of new rental homes in Toronto stalled due to economic challenges, the City of Toronto is stepping up to get shovels in the ground through the new Purpose-built Rental Housing Incentives stream. ...

Is a purpose-built rental Action Plan a good idea?

While this modelling is limited to Toronto and Mississauga, the results are equally applicable to most GTA municipalities. In the interest of good planning, a purpose-built rental (PBR) action plan is needed by all levels of government to increase the supply of rental housing and make it easier to build. ...

Why is there a shortage of purpose-built rental housing in Toronto?

Toronto has been grappling with a severe shortage of purpose-built rental housing — a problem made worse by decades of underinvestment since the early 1990s. High interest rates, rising construction costs, and inflation have further strained the market, leading to fewer new residential developments. ...

Why is Toronto launching a rental housing opportunities roundtable?

More than 50% of the pipeline is under review. To better understand and assist, Toronto has initiated a Rental Housing Opportunities Roundtable to help unlock the rental housing market in light of current macro-economic pressures, and to figure out how to get much needed rental built. ...