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Strong Tenant, Investor Demand Ensures Build-to-Rent Model Is Here to Stay Empty nesters and millennials with children are increasingly drawn to new subdivisions of build-to-rent (BTR) houses for lifestyle and financial reasons. These professionally managed BTR homes come in many shapes and sizes.  For a growing family, a new three- or four-bedroom rental house might be the ideal fit. Renters who don’t need a lot of space, but who value private parking and a modest backyard, can move into a one- or two-bedroom cottage-style home. https://lnkd.in/et7qiBmk

A new survey from Wahi reveals that 64% of Canadians prefer single-family homes, especially in suburban (38%) and urban (34%) areas, with three-bedroom homes being the most popular choice. Despite ongoing affordability challenges, many Canadians continue to aspire to homeownership, with around 20% indicating they may purchase a home in 2024. The survey also highlights regional differences in preferences. In more affordable provinces like Saskatchewan/Manitoba (82%) and Atlantic Canada (77%), the preference for single-family homes is stronger, with a majority in Atlantic Canada preferring rural living. In contrast, only 52% of respondents in high-cost regions like British Columbia prefer single-family homes, where urban condominiums are more attractive due to proximity to city amenities. Younger Canadians (18-34) show a strong preference for single-family homes (67%), particularly in urban areas, while older generations (55+) lean toward downsizing, with half choosing single-family dwellings. Additionally, most Canadians (64%) prefer renovated homes, especially older buyers seeking turnkey properties to avoid renovation hassles. Only a small fraction (2%) are interested in complete tear-downs.

Is buying a home too expensive? In response to affordability challenges, there's a rising trend towards multigenerational and creative living solutions. Real estate experts such as Tim Syrianos of Re/Max Ultimate Realty and Richard Mariani of CountryWide Homes point to a growing preference for multi-unit homes and customizable floor plans that accommodate multiple generations under one roof. This shift is driven by high housing costs and the demand for innovative housing options. Karen Yolevski of Royal LePage Real Estate Services underscores that multigenerational households are now the fastest-growing household type in Canada. If you're considering multigenerational living or co-ownership reach out to explore homes that could meet your needs. https://lnkd.in/gmARdFMD #amuthahaslam #toronto #torontorealestate #multigenerationalliving #realestate #housingaffordability #creativesolutions #homedesign #realestatetrends #canadahousing

In today’s housing market, multi-generational living is becoming increasingly popular. Families are looking for homes that can accommodate aging parents, adult children, or extended family members. Multi-generational properties offer the benefits of shared expenses, mutual support, and closer family bonds. If you're considering purchasing a multi-generational home, it’s important to understand what features and layouts are most desirable. This article will explore key aspects to look for in multi-generational properties and how these features can add value to your home. For more articles on the Silicon Valley Real Estate Market, Visit my website at https://lnkd.in/ec-i8-8k If you are a buyer and want to work with me click on https://lnkd.in/ezhMdDEE If you are a homeowner considering selling click on the link below https://lnkd.in/euywiasj If you are an investor looking for off market properties click the link below https://lnkd.in/eF2wNaD6 #Compass #Thebryanholmesgroup #SiliconValleyRealEstate #WhoYouWorkWithMatters #Realtor #RealEstateExpert #LuxuryRealEstate #RealEstateInvestment #realestate #realestateagent #realtorlife #luxuryhomes #sold #listing #RealEstateInvestment #OffmarketRealEstate #buyersagent #listingagent #justlisted #flipthishouse #investoragent

📰Renters opt for properties with more bedrooms amid cost-of-living squeeze 📰 Amidst the ongoing cost-of-living crisis, CoreLogic Australia's Head of Research Eliza Owen's latest research reveals a slowdown in rental growth for dwellings with fewer bedrooms as renters opt to cut down on costs through renting larger properties. CoreLogic’s newly launched bedroom count metric - which analyses housing market performance segmented by the number of bedrooms - reveals stronger rental growth trends in larger dwellings, reflecting the formation of share houses or multiple family households, with an 8.7% rise in rent for houses with five bedrooms or more. #CostOfLiving #CoreLogic #Research

In this week’s Pulse article, Eliza Owen explored Australia's rental market performance, using CoreLogic's newly launched bedroom count analysis. Key findings: 🏘️ Larger dwellings are in demand: Despite being more expensive, rental growth for houses with five or more bedrooms surged by 8.7%, indicating a trend towards share houses or multiple family households. 🏠 Smaller dwelling growth slows: Annual rent growth for one-bedroom units and studios has significantly decreased to 7.1% over the past year, from 16.8% in April 2023. 🛏️ Tenants gain more bang for buck in larger properties: At the national level, the average rent for a bedroom becomes cheaper the higher the number of bedrooms a dwelling has. 🔑 Record-high rents: The national median weekly rent hit a new high of $634 in June, up $48 from a year ago. Read it in full from the website: https://ow.ly/amH650SKB8n #CoreLogicAU

🏙️ In the dynamic realm of Sydney's off-the-plan apartment market, developers are gearing up for a promising year ahead. Conversations within the industry paint a picture of confidence, with a keen focus on meeting the evolving demands of today's discerning buyers. Joe Nahas, Managing Director at Coronation Property, highlights a shift in buyer preferences towards exceptional quality and lifestyle-enhancing features. Placemaking emerges as a pivotal strategy, evident in Coronation's upcoming projects like Mason & Main and Ashbury Terraces. Echoing this sentiment, Deicorp's Executive Manager Robert Furolo emphasises the continued appeal of apartment living for diverse demographics, alongside an ongoing undersupply in the market. With projects like Cosmopolitan in Parramatta and Marquet & Mary in Rhodes, Deicorp aims to cater to this demand while shaping vibrant mixed-use communities. Similarly, HYECORP Property Group's success with Audrey in St Leonards underscores the allure of strategically located developments offering both property and lifestyle upgrades. As economic data signals positive shifts, the stage is set for an optimistic trajectory in Sydney's off-the-plan apartment market throughout 2024. Fender Katsalidis | Woods Bagot | PAYCE #SydneyRealEstate #PropertyDevelopers #UrbanLiving #SydneyPropertyMarket #ApartmentLiving Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 15,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡 New project launches and updates 💡 What buyers are searching for on AU’s largest off the plan buyer platform 💡 Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market. 

🏡 Unlocking the Potential of Granny Flats: Everything You Need to Know! 🌟 Victoria's recent legislative changes have sparked interest in granny flats, offering flexible living solutions and addressing housing affordability concerns. But is investing in a granny flat worth it? We've compiled a comprehensive guide covering the advantages, considerations, and top designs to help you make an informed decision. Granny flats are gaining popularity for their ability to support multi-generational living, provide additional income streams through renting, and enhance property value. They offer flexibility, versatility, and sustainability, making them an attractive option for homeowners and investors alike. However, it's crucial to consider factors like planning regulations, maintenance, privacy, and legal implications before diving into granny flat ownership. Explore our top granny flat designs, including Premier Homes' Chelsea and Fernlea, and Todd Devine Homes' The Little, perfect for accommodating family members or generating rental income. Justin Kitchen | #GrannyFlat #SustainableLiving #PropertyInvestment Author: Madison Stephens ------------ 📣 Was this update of interest to you?🔥 Follow homeshelf.com.au to keep your finger on the pulse of the new home market. 

Renters are increasingly opting for larger properties with more bedrooms due to rising living costs, according to CoreLogic. That’s after CoreLogic's new bedroom count metric shows stronger rental growth for larger dwellings, with a significant 8.7% rise in rents for houses with five or more bedrooms over the year to June. Conversely, rent growth for smaller homes has slowed considerably, with annual growth in one-bedroom units and studios easing from 16.8% in the year to April 2023 to 7.1% in the past 12 months. CoreLogic head of research Eliza Owen said this shift is likely due to more people forming share houses and multi-generational living arrangements, making larger homes more economical per bedroom. As the table below shows, this trend is particularly strong in NSW and Queensland, with Melbourne also showing distinctly higher growth in house rents with five or more bedrooms. #property #propertyinvestment #realestate ——— Want to build a wealth-generating property portfolio? We can help you buy high cash flow and growth properties around Australia using our data-driven strategy. Book a Discovery Call today to get started: https://lnkd.in/g-4gFY9P

Renters are increasingly opting for larger properties with more bedrooms due to rising living costs, according to CoreLogic. That’s after CoreLogic's new bedroom count metric shows stronger rental growth for larger dwellings, with a significant 8.7% rise in rents for houses with five or more bedrooms over the year to June. Conversely, rent growth for smaller homes has slowed considerably, with annual growth in one-bedroom units and studios easing from 16.8% in the year to April 2023 to 7.1% in the past 12 months. CoreLogic head of research Eliza Owen said this shift is likely due to more people forming share houses and multi-generational living arrangements, making larger homes more economical per bedroom. As the table below shows, this trend is particularly strong in NSW and Queensland, with Melbourne also showing distinctly higher growth in house rents with five or more bedrooms. #property #propertyinvestment #realestate ——— Want to build a wealth-generating property portfolio? We can help you buy high cash flow and growth properties around Australia using our data-driven strategy. Book a Discovery Call today to get started: https://lnkd.in/g-4gFY9P