There is a shortage of affordable rental housing in Toronto.

I think the difference is 4 years ago and 10 years ago there were no shortage of places for them to rent, whereas now in any semi-vacation destination LTR's only exist when the government legislates in ways that make them exist. 

With my experience with the military and contacts over in the war zone we expect a lot of activity due to the large number of vacancies and the overwhelming shortage of government provide housing.

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!

Also, if you wait long enough for rates to drop again, then you’re going to be contending with and competing with everyone else who’s ALso been waiting for rates to drop again. and we still have a supply shortage.

Rental properties typically go quick in San Antonio since there is a shortage so there’s no need to pay realtors to advertise in most cases. 

NC doesn't have the housing shortages that California or other states have so building an ADU may not produce the returns as they could elsewhere though. 

However it would be uncommon for that to take 3 months or to get a bill for a shortage that late.

Quote from @Ecaterina Katerina Morosan: Poconos is experiencing inventory shortage, just like any other market in the country.

A year or two from now I could easily see the student living borders go to 20th and Dauphine "11th to 19th, Cecil B Moore to Diamond, most investors may be stuck on Broad-18th (19121/19122)"Temple had an on-campus housing shortage so there is defiantly a need.