( Dreamstime )After years of being dormant, the purpose-built rental market is starting to come to life again as more developers consider building housing intended for lease. Greater demand for rental housing has created more builder interest in these kinds of residences, and development is growing. Still, building rental homes is not easy and, like building condominiums, purpose-built rental developments must be financially viable or they won’t get built. There are also a number of other challenges that builders need to weigh before taking on a rental development. From an overall business perspective, it can be financially more risky to build rental housing as opposed to condominium housing.

Source: thestar April 22, 2017 12:56 UTC