Prabh Paul

I was tired of seeing rental property owners and managers struggle with endless market surveys to set the right rents.  

That’s why I founded TraceRent. I know that as rental portfolios grow, so do inefficiencies. But setting rents isn’t about copying the competition—it’s about making smarter decisions that:  

- Maximize income by aligning rents with market demand.  
- Reduce vacancy losses by up to 20%.  
- Build trust and improve tenant retention.  

At TraceRent, we turn inefficiencies into opportunities. With 60,000+ managed units in Canada alone, our AI-powered platform simplifies market surveys and delivers tailored, data-driven insights to help you boost revenue and stay ahead of the competition.  

📩 Let’s connect! Message me or schedule a call to explore how we can optimize your portfolio and position you as a leader in the rental market.

Architect - Partner

ANP Atelier & Associates worked on 7 distinct verticals:

– Master planning.
– Residential.
– Commercial.
– Workplace.
– Institutional.
– Hospitality.
– House.

The key thesis driving ANP’s work was sustainability – the endeavour to reduce the consumption of resources and energy.

Grateful to have been able to work at a place that’s been at the forefront of thought leadership in design since 2007.

ANP exposed me to the world of infrastructure, construction, and design – and how it all comes together to merge the physical, geographical and cultural conditions that address the user’s brief….

….and ultimately their aspiration.

This eventually served as an incredible bedrock for the next phase of my career with Tracecost.

Prabh Parmar

Spent the weekend in Central Alberta, Lacombe, Alix, Red Deer, for my son’s hockey tournament.
Early mornings. Cold arenas. Wet (stinking) gloves in the car (And yes, we brought the trophy home)
And somewhere between games….you realize: This isn’t just a sport.

This is routine. Community. Identity.

Now here’s something most people don’t see:
In towns like #Lacombe, the arena isn’t just where kids play.
It quietly shapes where families live.

Few facts that surprised me:
Only about 1 in 4 homes in Lacombe are #rentals (~28%)
 → Limited rental supply
#Vacancy rate is ~0.8%
 → Practically nothing available
Average #rents are around $1,050–$1,200
 → Not “cheap”, just less visible than big cities

In nearby smaller communities, total purpose-built rentals can be under 100 units
At first glance, you’d think: “Rentals don’t really matter here.”
But it’s the opposite.

Because when supply is this tight,  life decisions start driving #housing decisions.

One parent said it perfectly between games:
“If your kid has practice 4–5 times a week… you don’t live far. You just can’t.”

That’s it. No spreadsheet. No market report. Just real life.
And that creates something most models miss (fortunately TraceRent does not):
In large cities: Demand is driven by macro forces, jobs, migration, rates
In smaller towns: Demand is driven by daily routines, arenas, schools, commute to one key employer

Insight:
The smaller the market, the more powerful the “invisible drivers”
And when:
only ~28% of homes are rentals, vacancy is below 1%, Even small shifts in routine
 → create real pressure on pricing and availability

We spend so much time analyzing housing like it’s purely financial. 
But weekends like this remind you:
Sometimes, housing demand is just a parent trying to make it to practice on time.

Wondering what’s one everyday routine in your city that quietly shapes where people choose to live?

Prabh Paul Parmar

Architect | 2X Founder | Empowering Multi-Family Owners to Maximize Revenue with Fair Rent Pricing

Ice Hockey Alix Arena Lacombe Red Deer Housing Rental Alberta 

If you are still underwriting 2026 as “rents up or rents down,” you are probably missing what’s actually happening. In my humble opinion, the better question: “Where are they breaking?”

Few signals from across markets:

- Vacancy is no longer tight everywhere, it’s fragmenting
- ~40–50% of markets are now seeing declining asking rents
- National rent growth is sitting around ~2%, below inflation
- Supply is hitting multi-decade highs in several CMAs

But the real story isn’t in national averages. It’s in contradictions. Operators are actually dealing with:

- Lease-ups taking 6–12 months longer than pro forma
- Older stock quietly outperforming new supply
- Pricing gaps within the same building becoming material
- Micro-location starting to matter more than city-level data

Based on data we do not see this as a downturn. It’s a shift from market-driven performance to operator-driven outcomes.

Most leasing teams still price at the city level. Reality is already at the unit level. 

Curious where others are seeing pressure first:
Lease-up? Renewals? Or concessions creeping back in?

#Multifamily #CanadaHousing #CRE #AssetManagement #RealEstate

AMs Project Consultants Pvt. Ltd.

AVP-West

Network member-Consultant 

Acme Interiors Pvt Ltd

AVP- West

INTERIA

Director-Operations 

General Manager Operations

Zyeta

Project Manager

Livspace.com

M/s. LL Construction

Proprietor

Maharashtra Exservicemen Corporation Ltd

"Maha Sainik Industrial Estate" A commercial cum Industrial Estate project undertaken by MESCO a semi govt organization under the guidance of ex military officials...

Site Engineer & project coordinator

PMP and CSM certified professional with excellent Team management skills and efficient working along with good communication skills, excellent presenter, confident and with positive attitude. Known to have good management skills. Furthermore hard worker, strategic thinker and multi-tasking.

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The Battle

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Lintu Abraham, PMP® CSM®

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Engagements

Likes

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