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Canadian Real Estate Flashes Another Bubble Warning — A Flattening Rental Curve

Author: External Author | | Categories: Real Estate Agent

It’s not just Canadian home prices showing bubbly signs, but rental prices are following too. The cost of renting an apartment in the suburbs is rising much faster than in the city. Economists call this the flattening of the bid-rent curve, or rental gradient. Basically, the discount for being located further from amenities is disappearing. People are so panicked about paying more, they’re willing to pay a premium today, to avoid pain later. When prices move entirely in anticipation of future rises, you’re looking at a bubble.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/canadian-real-estate-flashes-another-bubble-warning-a-flattening-rental-curve/



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