Global News4d ago
‘Becoming unlivable’: Halifax residents fleeing city due to rising housing costs
A new report found that Halifax's average asking rental price has overtaken Ontario markets like Kingston and East York, and is now more than $200 higher than the national average.
#Canada #Housing
https://globalnews.ca/news/11741897/halifax-rental-prices-rising-people-leaving-city/
Yonhap Infomax NewsFeb 20
Seoul’s jeonse rental market faces its largest supply-demand gap in four years, with demand outpacing supply for nine straight months, driving up prices nationwide.
#YonhapInfomax #Jeonse #KoreaRealEstateBoard #SupplyDemandIndex #Seoul #RentalPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105929
Seoul Jeonse Demand Outpaces Supply for Ninth Consecutive Month—Widest Gap in Four Years

Seoul’s jeonse rental market faces its largest supply-demand gap in four years, with demand outpacing supply for nine straight months, driving up prices nationwide.

Yonhap Infomax
slemptastropheJan 16

My partner and I are considering buying a multifamily property for the purpose of using it to provide affordable housing. Neither of us have any experience with this. IF we proceed, we want to do it in a way that helps our community, not preys upon it.

I won't lie and say this won't be a source of income for us as well, I just want to know how it can be done ethically, and equitably to provide safe, comfortable, affordable housing for people who may be priced out of other properties, while also providing for us and our family.

Can anyone point me toward any resources or guidance online? We would really appreciate it.

#housing #community #communityethics #landlords #rentalproperty #rentalprices

Yonhap Infomax NewsDec 8
Seoul’s Apgujeong Rodeo is rapidly shifting from a café hotspot to a fashion district, as global streetwear brands drive up rents and reshape the area’s commercial landscape.
#YonhapInfomax #ApgujeongRodeo #StreetwearBrands #FlagshipStore #RentalPrices #MZGeneration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94328
Apgujeong Rodeo, Once a Café Hotspot, Sees Fashion Revival Driven by Streetwear Brands

Seoul’s Apgujeong Rodeo is rapidly shifting from a café hotspot to a fashion district, as global streetwear brands drive up rents and reshape the area’s commercial landscape.

Yonhap Infomax
Yonhap Infomax NewsJul 11, 2025
Despite the Lee Jae-myung administration’s tough mortgage curbs, 42% of South Koreans expect home prices to rise over the next year, with bullish sentiment persisting and rental price expectations even higher, according to a Gallup Korea survey.
#YonhapInfomax
#GallupKorea #HomePrices #MortgageRegulations #RentalPrices #LeeJaeMyungAdministration
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71736
Despite Tougher Lending Curbs, 42% Expect Home Prices to Rise—Bullish Sentiment Persists [Gallup]

Despite the Lee Jae-myung administration’s tough mortgage curbs, 42% of South Koreans expect home prices to rise over the next year, with bullish sentiment persisting and rental price expectations even higher, according to a Gallup Korea survey.

Yonhap Infomax
Yonhap Infomax NewsApr 2, 2025
South Korean government signals major reforms to jeonse housing system, aiming to address abnormalities and curb loan-driven price increases in the rental market
#YonhapInfomax #JeonseReform #HousingMarket #GovernmentRegulation #LoanGuarantees #RentalPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56718
[Sang Wook Chae's Real Estate Talk]Government Says Current Jeonse System Cannot Continue

South Korean government signals major reforms to jeonse housing system, aiming to address abnormalities and curb loan-driven price increases in the rental market

Yonhap Infomax
Justin MyersOct 22, 2024

Landlords' usage of proprietary price-setting algorithms are the subject of several antitrust lawsuits by the feds and other jurisdictions nationwide.

How much has that impacted rental prices in #Chicago?

A great intro from my WBEZ colleagues Amy Qin and Angela Padejski:
https://www.wbez.org/data/2024/10/22/chicagos-rental-crisis-is-an-algorithm-rigging-the-system

#Housing #RentalPrices #HousingAffordability #AlgorithmicTransparency #AlgorithmicAccountability

Chicago’s rental crisis: Is an algorithm rigging the system?

RealPage tells landlords that “a rising tide raises all ships,” but lawsuits allege the company’s algorithm drowns tenants in soaring rents.

WBEZ
Show threadMs. Que BanhAug 9, 2024

*Related to my post from yesterday.

#BCNDP's #HousingHub program is coming under #scrutiny after one #TaxpayerSubsidized #RentalBuilding in #Vancouver's #Kitsilano neighbourhood, touted as "affordable", is now listing units for $2,600 per month for a studio & $4,200 per month for a 2 bedroom unit.

The listed #RentalPrices are well above provincial #AffordableHousing thresholds & one #housing #researcher says it's an example of how difficult it is to build #AffordableRental buildings when market prices are so far beyond what average #renters can afford.

The leader of the #BCGreenParty called it an "infuriating" #misuse of #TaxpayerDollars.

The #BCNDPgovernment provided a $31.8 million #LowInterestLoan to Vancouver developer #JamesonDevelopmentCorp. for the 68-unit rental building through the HousingHub program, which is aimed at providing housing to middle-income renters shut out of the real estate market.

#BCPremier #DavidEby, who was the minister -responsible for housing at the time, was quoted in a December 2021 government news release announcing the project.

"Our government is investing in more affordable housing for people who work and live in Vancouver, and throughout B.C." he said.

The building at 1807 Larch St., called the L2, is set to be complete next month & is now advertising units.

According to the building's website, a 400-square foot studio apartment starts at $2,599 a month & a 840-square foot two-bedroom, two-bath unit is listed for $4,299 a month.

https://www.cbc.ca/amp/1.7288112

#YYJpoli #VanPoli #YVR #BCpoli #CDNpoli #HousingForAll #HousingCrisis #HousingFirst #EndCorporateWelfare #BChousing #Corruption #BCNDPFailures

B.C. HousingHub program touting 'affordable rentals' under fire

The now-scrapped HousingHub program was launched with the promise of spurring the construction of affordable rental units — but critics say the reality is very different, as one taxpayer-subsidized building is now offering rentals for up to $4,200 a month.

CBC
BC Info BotJul 13, 2023
Global News BC: Average asking price for Canadian rental unit hits record high in June: report https://globalnews.ca/news/9830140/average-canada-rent-prices-record-report/ #globalnews #britishcolumbia #news #TorontoRentalPrices #averagerentalprice #vancouverrentals #rentinflation #rentalaverage #rentalprices #Rentals #Canada #Rent
Average asking price for Canadian rental unit hits record high in June: report

The average cost of a one-bedroom unit in June was $1,780, up 10.2 per cent from the same month in 2022.

Global News
BC Info BotJul 8, 2023
Global News BC: B.C.’s new shelter rate a good start, but doesn’t go nearly far enough: advocates https://globalnews.ca/news/9818210/bc-shelter-rate-increase/ #globalnews #britishcolumbia #news #incomeasssitance #b.c.shelterrate #housingcrisis #Rentalvacancy #vancouverrent #rentalprices #B.C.Housing #shelterrate #Disability #BCHousing #Politics #Housing #Vacancy #Rent
B.C.’s new shelter rate a good start, but doesn’t go nearly far enough: advocates

The slice of income assistance meant for housing increased in B.C. for the first time in 15 years this month, but still only amounts to $500 in a province with a housing crisis.

Global News