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What’s the Market Outlook for the Apartment Sector in 2010? Economists and CEOs Share Their Opinions
April 2010
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Sam Kolias, CEO of Boardwalk Rental Communities and Boardwalk REIT talks about the incentive techniques his company used to survive the recession and boost occupancy when vacancy rates were high. He also shares what he thinks Boardwalks 2010 results will look like. Learn more….
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Craig Alexander, Senior Vice President and Deputy Chief Economist at TD Bank Financial Group says says that the rental market follows and opposite cycle to real estate, and since he believes real estate sales will be down by 10 percent by end of year, the rental market should be looking up with vacancy rates coming down. Hear his thoughts… |
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Ted Tsiakopoulos, Ontario Regional Economist for Canadian Mortgage and Housing Corporation (CMHC) says that the first-time buyers who drove the real estate market in 2009 will not be buying in 2010. That means rental units will be back in demand, and vacancy levels will lower to where they were a few years ago. Listen to CMHC’s predictions… |
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