Sync or Swim: The Multifamily Growth Show - The State of Purpose-Built Rentals in the GTA

Sync or Swim: The Multifamily Growth Show

Mar 8, 2023

The State of Purpose-Built Rentals in the GTA

Play • 41 min

What role does purpose-built rental housing play in our housing solution? Today’s guest passionately believes that it’s going to play a big part and that we need to recognize, prioritize, and support that both as a society and as policy-makers. Tony Irwin is the President and CEO of The Federation of Rental-housing Providers of Ontario (FRPO). Tuning in, you’ll hear his thoughts on the necessity of taking immediate action to promote purpose-built construction, the impact of population growth and immigration, and how affordability issues are impacting the rental landscape today. We touch on obstacles to building purpose-built rentals, renters’ stigma, and the positive evolution of the rental housing industry. Hear Tony’s take on the true root of the affordability challenge, barriers faced by smaller rental operators, and what he recommends for the next housing bill. Tune in today to hear all this and more!

Key Points From This Episode:

Introducing Tony Irwin, President and CEO of FRPO.
How the Purpose-Built Rental Report came together.
An overview of the current state of Purpose-Built Rentals in the GTA.
Why it is necessary to take immediate action to incentivize more purpose-built construction.
The impact of population growth and immigration.
How affordability issues are impacting the rental landscape.
Challenges to building purpose-built rentals.
The stigma attached to renters versus owners.
Obstacles posed by parking laws.
How FRPO is approaching pending policy changes.
Why the evolution of the rental housing industry is a positive thing.
What the affordability challenge in the rental housing market can truly be attributed to.
Challenges faced by smaller rental operators.
Tony’s recommendation to boost density for the next housing bill.
The importance of getting more people to do skills training.

Links Mentioned in Today’s Episode:

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