A city known for relatively low rents is gaining an influx of market rate and luxury rental units.
"A renaissance in rental construction is projected to add tens of thousands of new apartment units in the Montreal area during the next few years, and they’re not your typical cheap urban flats," reports Briana Tomkinson.
"The new building trend is for higher-end — and in some cases, luxury — rentals, designed to appeal to up-and-coming young professionals and downsizing baby boomers," adds Tomkinson. "Many of these new projects also aren’t in the city, but in suburban areas like the South Shore."
Tomkinson cites data from the Canadian Mortgage and Housing Corporation that shows construction data spiking from 1,500 units a year between 2011 and 2014 to 4,000 units a year in 2015 and 2016. "In 2017, the number of new units under construction surged by more than 40 per cent to more than 7,500 units," adds Tomkinson.
Still, the city's vacancy rates are dropping as strong net in-migration drives demand in the city.
FULL STORY: Montreal real estate undergoes a millennial-powered rental renaissance
Rising Rental Costs in Texas Prompt Rent Control Discussion
Rent control is a political non-starter in the Lone Star State, but as rental prices continue to increase dramatically, advocates are looking for solutions.
Philadelphia on Track to Build Record Number of Apartments in 2022
A researcher from the Lindy Institute for Urban Innovation at Drexel University tells a tale of two housing markets—rental and for-sale—in the City of Brotherly Love.
Apartment Construction Ramps Up to Meet New Demand
It's unclear if or when the supply of entry level rental housing options will catch up with the demand, but some cities are building quickly.
New York Governor Advances Housing Plan Amid Stiff Suburban Opposition
Governor Kathy Hochul’s ambitious proposal to create more housing has once again run into a brick wall of opposition in New York’s enormous suburbs, especially on Long Island. This year, however, the wall may have some cracks.
A Serious Critique of Congestion Costs and Induced Vehicle Travel Impacts
Some highway advocates continue to claim that roadway expansions are justified to reduce traffic congestion. That's not what the research shows. It's time to stop obsessing over congestion and instead strive for efficient accessibility.
Rethinking the Role of Parking in the American City
In cities big and small, the tide is turning against sprawling parking lots, car-centric development, and minimum parking mandates.
Mapping Sidewalks for Improved Connectivity
A new tool uses aerial image recognition to map a city’s sidewalks and crosswalks. Its developers hope it will aid in creating a more comprehensive understanding of pedestrian networks and where improvements are needed.
Long Beach Residents Oppose Proposed Homeless Services Hub Near Rail Terminus
L.A. Metro’s “end-of-the-line” policy forces people experiencing homeless off transit every night at the same time and location. A proposed hub would provide services a few stops before the end of the line in Long Beach.
The Nation's Most Advanced Secessionist Movement
Legislation supporting the Greater Idaho Movement, which would annex over half of neighboring Oregon, has advanced in the Idaho legislature.
City of Greenville
City of Greenville
Resource Assistance for Rural Environments (RARE) AmeriCorps Program
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
City of Spearfish
City of Lomita
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
