Why are Rent Prices Skyrocketing? | KT CONFIDENTIAL EP222 | The Real Estate Podcast

Are you wondering why rental prices have been skyrocketing? There are many underlying factors behind the increasing rental costs and decreasing cost-effective places to live. Watch today's episode as Ariel and Adrian break down why housing has become so unaffordable and explain the economics behind this rising market.

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0:15 – Intro
0:45 – High demand and low vacancy rates
1:45 – Increase in immigration
2:08 – Fewer homes available/less new construction
2:29 – Investors have been on the sidelines
4:28 – Rising cost of building materials and labour
5:33 – The good homes go quickly

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Want more real estate podcast discussions?

Watch it here: youtu.be/uLhNb8fdHt4
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After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.