OFFERLAND reposted this
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📌 The Sparrow team recently published their first Canadian " Room Rent" report and this one report you will want to put in a pin for sure 📌 This Q2 report (https://lnkd.in/gq_58R6j) is lights out INSIGHTFUL for the following reasons: ➊ Its the first comprehensive view of Room Rental data in Canada that we will now get to see on a quarterly basis ➋ The data now shows how Room Rentals are a key solution to solving affordable rentals in Canada. Room rentals are 53% more affordable than a Bachelor or 1 Bedroom ➌ Amazing new income source for homeowners to help recover the high costs of ownership or help to pay down their mortgage ➍ Helps potential tenants understand the cost savings of room rentals vs traditional rental units. 🙌Congrats to Oren Singer, Gavin Servai and the entire Sparrow team for bringing this report to market with the help from Hamidreza Etebarian and the OFFERLAND team🙌 The team at Sparrow are doing some amazing things to help tackle affordable rentals in Canada. To learn more about how sparrow is addressing this important social challenge, visit them at https://lnkd.in/gqSwjaW6.
Great stuff.
Real Estate Appraiser, Data Analyst, CNAREA, DAR, Certified Appraisal Reviewer
1moIs this contract or estimated data? I suppose they could have some stats on listing versus contract. I wonder what the vacancy rates are? Will we see lenders begin to ask for market rents for rooming income? Historically, keyed locks on bedroom doors has evoked fears for lenders and made mandatory for appraisers to report to the lender? We still haven't dealt with the non-conforming suite policing that is thrust upon appraisers. We need to talk. We'll try but we won't and AVMs will take our place again, like magic. I wonder how that got started?