{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"What CMHC's 2024 Fall Report Means for Canada's Rental Market","description":"  The Canada Mortgage and Housing Corporation (CMHC) has recently released its annual rental market report, and today, we sit down with its Deputy Chief Economist, Tania Bourassa-Ochoa to discuss what the report means for the future of housing in Canada. We begin with the work of CMHC and who its target market is before diving into its 2024 rental market report. Then, we unpack the recent rise of housing supply, how Montreal is a step ahead, why the number of multifamily units is beginning to match that of studio apartments, and how rent control measures may influence tenant behaviour and market stability. To end, we explore the consequences of Canada\u2019s ageing population and the growing number of families, what policymakers and housing developers need to be doing more of to meet high demands, key trends to take note of, and the future of Canada\u2019s housing market in 2025 and beyond.     Key Points From This Episode:   The ins and outs of the Canada Mortgage and Housing Corporation (CMHC). More details on CMHC\u2019s annual rental market report.  Understanding Canada\u2019s recent rise in supply and whether this growth is sustainable.  How Montreal is leading the way.  Why the gap between the number of condo starts and purpose-built rentals is closing.  How rent control influences rent increase at turnover.  The way current housing trends influence tenant behaviour and market stability.   Canada\u2019s ageing population and the growing number of families.  The distribution of the market (from studios to multifamily) and how it\u2019s evolving. Why housing policy should address both affordability and supply at the same time.  Whether policymakers and housing developers are doing enough to meet the demand.  Key trends and indicators that policymakers and stakeholders should be paying attention to.  What we can expect from Canada\u2019s housing market in 2025.    Quotes:  \u201cOur goal is really to provide as much information as possible to help all of the stakeholders out there to make important decisions.\u201d \u2014 Tania Bourassa-Ochoa [0:02:08]   \u201cThe main solution will be really focused around adding more supply, and I would even say to have a steady influx of supply that comes into the market every year. That is going to help to alleviate some of the pressures that we're seeing right now, for sure.\u201d \u2014 Tania Bourassa-Ochoa [0:12:15]   \u201cIn the end, housing needs to evolve and change over time.\u201d \u2014 Tania Bourassa-Ochoa [0:17:35]   \u201cI think policy needs to address both supply but also affordability, especially for those lower-to-medium-income renters.\u201d \u2014 Tania Bourassa-Ochoa [0:20:11]   \u201cThere's definitely place for more innovation; there's place for more productivity in the construction space, for sure.\u201d \u2014 Tania Bourassa-Ochoa [0:23:11]   Links Mentioned in Today\u2019s Episode:   Tania Bourassa-Ochoa on LinkedIn  Canada Mortgage and Housing Corporation (CMHC)   CMHC on YouTube CMHC Fall 2024 Rental Market Report  Canadian Housing Survey Rentsync  Giacomo Ladas on LinkedIn Sync or Swim Podcast Sync or Swim Email   ","author_name":"Sync or Swim: The Multifamily Growth Show","author_url":"https:\/\/www.rentsync.com\/resources\/podcast","html":"