In the not-too-distant past, most multifamily rental housing was owned by small or midsize landlords. But over the past few decades the share of units owned by large, well-capitalized, shareholder-driven institutions has increased dramatically. What’s driving this change, and what does it mean for housing affordability and household stability? Martine August of the University of Waterloo joins us to talk about the “financialization” of rental housing in Canada, which is on a similar trajectory to many U.S. housing markets.

Show notes: 

• August, M. (2020). The financialization of Canadian multi-family rental housing: From trailer to tower. Journal of Urban Affairs, 42(7), 975-997.
• “Housing, Equity and Community Series: Making Rental Housing ‘Home’,” Nov. 20 Lewis Center event with Michael Lens, joined by Chancela Al-Mansour, executive director of Housing Rights Center, and Robert Galardi, chief inspector with the LA Housing + Community Investment Department. https://youtu.be/cEBXQzXQ5wg