Population and Housing

[tomh009]

Exactly. A lower rent is still better than no rental income at all. Once supply significantly exceeds demand, I am confident that we'll see price erosion until the demand and supply reach equilibrium again.

I do believe that most of the Northdale student rental buildings (and especially the 4/5-bedroom ones) are company-owned rather than condominium corporations. Whether those companies have "deep pockets" is something that's more difficult to determine.