Toronto-area rent prices ‘rise by fastest pace on record,’ new report says
"With housing affordability at generational lows and continuing to deteriorate, it’s concerning to see rental demand and supply deviate so strongly."
Fuck the politicians for doing nothing about this. Housing should be one of their top priorities, instead pandering to foreign investors is. City wide strike now.
Can we please stop abusing our government. They have more important things to worry about than people forced into being homeless. Things like enforcing cat owners to use leashes are a top priority and should be handled first
Excuse me while I continue to spiral into my self loathing depression where all my hopes for my future are slowly and irrevocably chipped away and my motivation to try is just stabbed repeatedly every time I try to inch forwards.
I'm in a dramatic mood today
Buying a home has become much more expensive with higher interest rates (even with price drops) so it's causing would-be buyers to become renters. More demand = higher prices for rentals.
Who the fuck wished for better prices on homes on their monkey paw?
I'm single and occasionally use dating apps. I actually have started to see some women indicate that a "good credit score" as a deal-breaker. Not because they are gold-diggers, but related to housing if say it's a match made in heaven.
Utterly depressingly numbers. Old enough to remember when there was a vibrant squatter movement in my old hometown of Montreal during the recession of the late '90's. Excerpts from the article:
"Urbanation, which provides data on the GTA condo and rental apartment markets, released figures for the second quarter of 2022 on Tuesday.
"The GTA rental market was as strong as ever heading into the peak summer months, which is sure to place further downward pressure vacancies and upward pressure on rents,” Urbanation president Shaun Hildebrand said.
The average per square foot condo rent price rose 5.9 per cent quarter-over-quarter to a new high of $3.57 “with annual rent growth reaching a record pace of 16.7 per cent,” the organization said."
This is why we need rent control.
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