Supply and Demand forces that affect multi-residential properties
- Target Market
This could be expanding employment opportunities, an increase in income levels, in-migration and out-migration, an increase in birth rates
- Analyze the existing competition
Visit the Canada Mortgage and Housing Corporation website to view their current Rental Market Reports based on your sought after area.
Ontario’s 2016 Rental Market Highlights;
further broken down by Kitchener-Cambridge-Waterloo.
To learn more information regarding the act that protects tenants, helps landlords and promotes investment in Ontario’s rental housing market visit the Residential Tenancies Act website from the Government of Canada.
The goal is to lessen urban sprawl and encourage infill
Some zoning requirements include:
- lot area minimums;
- lot frontage minimums;
- lot coverage maximums;
- overall height maximums;
- floor area minimums;
- front, side and rear yard minimums (setbacks);
- units per hectare;
- parking allocation per unit; and
- landscaping minimums (as percentage of total lot size).
To view your current or sought after zoning classification (for example: R1) visit the links.
Waterloo Zoning Bylaw – Interactive
Wilmot Township Zoning Bylaw – Currently not available online
Wellesley Zoning Bylaw – must scroll
Current Construction Trends
Newer multi-residential structures are including more extensive decor, impressive lobby areas, extensive safety and security features (access controls, emergency call buttons and video surveillance), green building techniques, landscape/buffer areas, large balconies and attractive exteriors.