The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
Grande Prairie, SK?
Holy crap, you’re right. Maybe there’s only a handful of properties, so one or two making a big change would skew the average?
We’re still open to trading Grande Prairie for either Saskatoon or Regina and future considerations.
There’s no real difference between variable and fixed. People who bought at the top who have huge fixed mortgages will get hit with massive payment increases at time of term renewal. That’ll be 1-4 years from now. In reality these increases will be hitting people all the time overall.
Instead we might want to look into making illegal renting out units that have higher than a certain carrying cost.
How to people manage to RENT a 1 bedroom apartment at $3000 per month?!
That is fucking insane
My wife and I are on ODSP and living in a rent controlled 2br apartment for just under $1200. We’ve been here 13 years. If we got evicted tomorrow I’m pretty sure my next living space will be a pine box with or without an above-ground-view.
I make $1200 per month from CPP and comp, just downsized to a rooming house for $500 per month, pay $500 per month on interest fees for a line of credit I needed when I was off work for 3 yrs (owned a small business) and $50 for phone. The $150 left is groceries.
I tried to speak to my bank about lowering the fees before having to declare bankruptcy but our system doesn’t allow that. :(
Apropos of nothing but that Outbound 3 person tent is a good buy for $53. I got a number of seasons out of mine.
The maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry.
