Tom Kopilas just sent me few interesting links. With his permission I post his message:
QUOTE Boris, I want to say I am very impressed with your research capabilities. WOW.
I found an article that I might have some merit as it talks about the tenant market and where its heading.
http://www.dcnonl.com/article/stats/24781
Secondly I also wanted to point you out to another news resource site which I think will help in reducing research time.
www.renx.ca
Regards,
Tom
Great article!
Daily Commerce News:
Canadian apartment tenants becoming greyer (Oct 19, 2007)
http://www.dcnonl.com/article/stats/24781
QUOTE Recently released census data indicates that, for the first time in Canada, not only did the percentage of renting households decline (something they have done since 1976), but the absolute number also shrank by an average of 5,000 households over the five years ending 2006.
According to a recent analysis of the census data by Altus Clayton, the average number of renter households declined in just three provinces: Ontario (-7,800), British Columbia (-3,900) and Saskatchewan (-250). Two provinces saw significant increases in renting households over the 2001 to 2006 period: Qußbec, by an average of 3,700 households annually; and Alberta, by approximately 2,000 households annually.
...
At the beginning of the decade, this trend was reinforced by strong buyer affordability and strong pent-up demand. However, over the past several years, this change in the pattern of home-buying has been supported by the introduction of new, more affordable types of ownership dwellings.
While the demand for rental accommodation ebbed among those under the age of 44, it increased significantly among those aged 45 and over. In particular, the number of renter households headed by the most mature baby-boomers, i.e., those aged 55-64, increased by an average of 18,600 annually over the past five years.
This trend suggests that the market for higher-quality rental accommodation with a mature adult focus is likely to grow, despite the weakness in demand for more affordable rental space with fewer amenities.
Thank you Tom!
This just gives me more energy to give something back to REIN that already altered my life.