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.
I don’t even know how people are supposed to survive in this country anymore
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.
It means lower quality of living, because most cash goes to rent, and gas is higher in Vancouver too, so road trips are not on the agenda to escape the monotony.
August would be the high demand month because of university rentals. December and May low with dropouts and graduations.
Historically what’s August increase vs July? Specifying past 8 months send l seems to be aimed at ignoring the usual university demand.
Can we please ban landlords from existence? Thank you.
That’s insane.
It should be illegal to rent out a property with a variable rate mortgage attached, because no reasonable person would rent out such a property if they had to take responsibility for it.
But hey, we can just make renters pick up the slack!
We should eat landlords.
Homes need to be seized from people or corporations that they are not occupying
I am really ready for mass executions id landlords and property managers
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.
well let’s fuckin do it again
And now, China has the largest income disparity of any country.
Then they should do it again, too.
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.
We should decrease their property values though. That’s half the problem
Grande Prairie, SK?
