Political problem of the mayors of 2022: the supply of apartments solves the problem of affordable housing

TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Affordable housing has been defined all too well by political parties in recent elections. With the 2022 municipal election approaching, Derek Lobo, CEO of SVN Rock Advisors Inc., believes that it is essential not to waste more time talking about this issue, solutions are needed now and are readily available.

Lobo has been advising the apartment industry for decades and thinks city mayors will listen better than federal politicians when it comes to solving apartment supply. he offers all Canadian mayors the solution to what Trudeau, O’Toole, Singh and others have talked about at length in their campaigns – the difference being that it is achievable now.

“Accessible housing, often referred to as ‘affordable’ housing, is a local issue, not a federal one; the responsibility lies with the mayor’s office, not the prime minister’s office. The solution, quite simply, are purpose-built apartments. It is time for elected municipal officials to grasp the problem and act,” says Mr. Lobo.

Rather than waiting to see what “happens” over time, Mr. Lobo invites all mayors and their staff to attend, in person or virtually, an upcoming event focused on resolving the supply of apartments in Canada, on a permanent basis. “This event will bring together leading experts and apartment builders with a particular focus on affordable housing and new apartment development. The timing is perfect, the right people are coming together and it’s time to act!” describes Mr. Lobo.

The event includes discussions and presentations from industry experts at the Royal Canadian Military Institute in Toronto, October 28-29; details are available at RockAdvisorsInc.com.

Mr. Lobo’s invitation to Canadian mayors simply requires an RSVP (contact Mr. Lobo’s office directly at [email protected], 905-320-7672 or 416-819-0094 (Kelly)).

“Removing legislative barriers and encouraging apartment development is essential for a timely solution,” Lobo said. His voice is one of conviction, so much so that he has spent the better part of the past two years writing a significant number of books in support of the solution to Canada’s apartment supply. Her latest book, A Step-by-step Guide to Affordable Housing in Canada, is about to be published.

“The issue of apartment supply will certainly be on the agenda when the municipal elections become the main focus in 2022, so I anticipate our mayors will take an interest in what the apartment industry is doing,” Mr. Lobo said with a sense of certainty. “If the mayors want to be re-elected next year, they should get to work to solve the problem of the supply of apartments.”

Derek Lobo is the CEO and Official Broker of SVN Rock Advisors Inc., specializing in apartment intelligence and leadership. With over 35 years of relationships, insight, expertise and business strategy, SVN Rock Advisors specializes in the multi-residential industry (apartments, affordable housing, student housing and intergenerational family real estate). They offer the FULL Service™ apartment development service experience that covers the entire development project timeline of its clients.

Related images

Image 1: Supply APARTMENT 2022


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