I have been crunching numbers for rent vs buying and I would say the rents are not covering the costs. Not when factoring in carrying costs, condo fees/maintenance/insurance, property tax, and property value is likely to decline instead of appreciate going forwards for likely many years. I’d say the average rental owner is having to subsidize on top of the rent. Even if I buy cash to remove carrying costs, I still lose the interest/dividends the money makes invested, so I have to factor that is as a cost. A purpose built rental building would stand a better chance of being profitable.