Canada’s housing crisis has reached a critical point. With vacancy rates at record lows and a shortage of new developments, we’re facing an urgent need to explore every viable option to increase supply. While the focus has been on new construction, Canada’s existing multi-family housing stock represents a vital but overlooked opportunity.
At Avenue Living, we believe that owner-operators play a crucial role in maintaining Canada’s aging rental housing stock. By revitalizing existing properties, we help sustain safe, affordable housing while extending each building’s lifespan by decades.
In this recent article in the Financial Post, President of the Avenue Living Group of Companies, Leigh Peters LLB, ICD.D, discusses how collaboration between the public and private sectors will be essential to addressing the housing shortage.
Read the full article now.