Quote:
Originally Posted by logan5
Because there is a strong supply of new housing? Or is it a temporary covid market?
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AirBnB converted to long-term rentals without foreign tourists here, a huge drop in foreign students and foreign workers competing for city centre rentals, young people losing jobs moving back to live with their folks for austerity reasons, investors trying to avoid the vacancy taxes, speculators unwilling to sell their units due deflated housing prices (although not by much) and thus holding on to properties, etc.
All these factors help contribute to more units available out there and thus easing up the rental market.