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.
Look, I love St. Catharines–hometown proud, yo!–but if you said to me “You can live in St. Catharines, or live in Montreal for the same price”, well, vive le Quebec!
And Oshawa? Really?!
To be fair, St. Catherines has lower unemployment than Montreal. It may not be as fun, but people will also pay to be able to access work.
Oshawa, though… Yeah, that doesn’t make sense. Toronto and area has the highest unemployment rate in the entire country, save Cape Breton and Newfoundland. You aren’t going there for jobs… or fun.
Can we please ban landlords from existence? Thank you.
We should eat landlords.
We need to build crappy public housing. Crappy, so homeowners don’t get mad at us “decreasing their property values.”
Just copy-paste commie blocks out in Mission and run frequent train service into the city. Out of sight, out of mind, but effective at sustaining massive housing supply (on the order of tens of thousands of people) with minimal cost due to prefabrication. Concrete is cheap, so use it.
Homes need to be seized from people or corporations that they are not occupying
