Priced out of the rental market

Young Canadians are being priced out of the rental market. It's a major problem for those potential renters, but also for the cities they want to call home

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[luxciousupholstery]

This is why it should not be frowned upon for living with your parents longer.

[aren]

Vote by leaving. Pretty simple. That's what I did.

[miloreid]

1275 to 1700? thats crazy. In Vancouver, even though rent is high, year over year increases are capped, 2017 increases are maxed at 3.7%

[the-chipette]

"We don't want Toronto to be a city of the rich" - then retroactively tax foreign investors at 40-50%. Reinstate rent control. Actually look out for Torontonians first!

[ssjdavid]

Lived at home til 29. Bought a 1+1 condo in Willowdale putting a 38% down payment. Really, living at home is the most realistic way to save these days, esp with student debt, inflating bills, and a lot of other things...

[alexandrerichard]

It's that same inter-generationnal lack of cohesion that will crater Vancouver as well. What happens when the old generation tries to sell their homes, most of which were refi'ed during the bubble, to a generation still smacking its head against a 50k glass ceiling and paying old student debt? Answer: We'll all find out in about 7 years.

[doomtomb]

Solution: buy, dont rent. If you can't afford to buy, move home with mom and dad. save.

[desbest]

Foreign investment is driving up property prices. There should be a law that says you're only allowed to own a house unless you are a citizen of that country and have lived there for five years.

[radio_nowhere]

Would love to see a "where are they now" episode of these folks in 2023.

[traceford]

I'm surprised that a downtown apartment was that cheap in a major city in the first place. If you live in San Fran or Manhattan that's a steal.

[latorregolf]

Good luck Boomers selling your $1m+ houses to these people...

[zeldera]

im 25 single and live with parents. I use to be upset about my situation.

But overtime, I don't really care

[Assistance]

Low vacancies? I don't buy it. Shift of foreign investors from BC spiked prices within few weeks by 21%. Pre bubble condition.

[alansampedro]

As an American, I'm surprised that this is happening in Toronto! I used to think that only American cities suffered like this!

[DanWallace]

Air B&B + foreign money not helping either

[Stikkelsbær]

People need to remember there are more than three or four cities in Canada. We need to stop all trying to move into the main cities, living on top of each other. We have a huge country!

[brianmcintyre]

welcome to Canada lower your expectations in life half the country it used to be.

[ggFDAggFDAcls]

Supply and Demand. There's an attitude of "if you move to Canada you have to live in Toronto or Vancouver". Then we get hit by constant news that people can't afford to live there on minimum/low wages.

[Landis_Grant]

More Toronto and Vancouver residents should move out of their high rent apartments, buy a roomy car, and live in it.

[Skanzool]

Canada is bringing in way too many immigrants. The number of immigrants should be reduced to about 50, 000 a year, not one more. The problem with immigration in Canada is that 90% of these people head to three or four major urban areas which are already overpopulated. Toronto has too many people right now and the GTA is turning into a horror story.