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Podcast: Brian Crombie Radio Hour
Episode: Brian Crombie Radio Hour - Epi 1475 - Purpose Built Rental Properties with Tony Irwin
Description: Tonight on The Brian Crombie Hour, Brian interviews Tony Irwin about Purpose Built Rental Properties and the housing crisis in the GTA. Tony Irwin, President and CEO of Rental Housing Canada and Federation of Rental Housing Providers of Ontario, discusses the challenges and opportunities in transitioning from condominiums to purposeful rental housing development. He explains that while the two types of housing may look similar to consumers, the economic models are fundamentally different, with condominiums benefiting from pre-sales for financing while purposeful rentals require significant upfront equity and may not be profitable for the first decade. Tony highlights t...