Am I correct in my understanding that this is the same pattern all across Canada, and that it is largely due to Federal tax-treatment of rental housing? (Along with local land use policies as well, I'm sure)
I think Ontario is particularly bad. Looking up data from CMHC's housing information portal, 60% of Ontario's purpose-built rentals were built from 1960-1979, 20% since then. In BC it's 53% and 35%. In Quebec it's 33% and 31%.
In terms of causes, tax treatment of purpose-built rentals is likely to be a major factor. There's also introduction of strata title (i.e. condos) in the late 1960s, and rent control in the 1970s as inflation hit and rents surged.
Am I correct in my understanding that this is the same pattern all across Canada, and that it is largely due to Federal tax-treatment of rental housing? (Along with local land use policies as well, I'm sure)
I think Ontario is particularly bad. Looking up data from CMHC's housing information portal, 60% of Ontario's purpose-built rentals were built from 1960-1979, 20% since then. In BC it's 53% and 35%. In Quebec it's 33% and 31%.
In terms of causes, tax treatment of purpose-built rentals is likely to be a major factor. There's also introduction of strata title (i.e. condos) in the late 1960s, and rent control in the 1970s as inflation hit and rents surged.
Tex Enemark on tax changes:
https://thetyee.ca/Opinion/2017/07/06/Tax-Changes-More-Rental-Housing/
LandlordBC on rent control and strata title:
https://gallery.mailchimp.com/100b5d728947a06a9c0a392f2/files/82fd1a4d-b253-446b-9bbd-34b7260c6ad3/UNDERSTANDING_BC_S_HISTORY_OF_RENT_CONTROLS_AND_TAX_POLICY_LR.pdf
thanks Russil - you're a fount :)