Jeff Sinasac said he and his wife had been living in an apartment in downtown Toronto for 25 years before the complex sold in 2020 and they were forced to leave. Both had been saving money for a down payment on a house at the time, “hoping to finally escape the rental trap,” he said.“We are no longer saving toward a house. That dream is gone,” he wrote in an email to CTVNews.ca on Wednesday. “Survival is the only concern.
According to the latest data compiled by Rentals.ca, the average rental price of a one-bedroom unit in Vancouver was $2,500 in July. The average price to rent a two-bedroom unit in the city during the same month was $3,630. Both Vancouver and Toronto have“Living in the city is a struggle,” Niddrie said.
“Every small emergency like … a car window cracking in the cold and needing replacing eats up the small savings we have instantly, and it’s back to square one,” he wrote in an email to CTVNews.ca on Wednesday.
If people can afford rent they can most definitely afford a mortgage. Why don't we have governments look into this and find out why Banks aren't helping people buy a home who can obviously afford a mortgage.
Justin Trudeau's Canada
Even working for the best and most secure companies on the planet will not settle anyone into a comfortable live in Canada
So exactly as outlined in the WEF's video: 'You'll own nothing. And you'll be happy'
It's the same as communism. The real estate market has given rise to a fully monopolized society. Government workers even get hookers paid for through benefits packages.
SEND TGE LINK TO TRUDEAU AND FREELAND
Maybe, people should start looking for better jobs?
If you can't afford a mortgage you are going afford rent for long either...
ImpairedCRONIC The Ford government on Wednesday approved the highest rent increases in almost a decade. Rents in 2023 will be capped at a maximum 2.5 per cent, more than double the 2022 increase but the province says its lower than it could have been given current inflation rates.Jun 29, 2022
Rising rents also means more people are becoming homeless, also means people have e less food to eat, also means more people cramped into smaller spaces, also means more health problems.
Why is Michael Melling still employed by your organization?!?! Bell_LetsTalk
That headline makes no sense whatsoever.
Don't worry there's plenty of Chinese Fentanyl money and Blackrock too to snatch them up.
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