The free market regulates itself! If enough people don't want to pay $1,200+ a month for a 1 bedroom apartment, they can simply move to a cheaper apartment that doesn't exist.
In hindsight, waging war on my landlord without making myself aware that they own literally EVERY OTHER RENTAL PROPERTY in my city was not my wisest move
Homer Simpson was a true baller because HOW did he afford 3 children, a detached suburban house, 2 cars, a stay at home wife and extra change for his drinking problem with absolutely NO side hustles 🤔
i am BEGGING news outlets to provide better analyses of the rental housing crisis than blah blah supply and demand blah blah investment properties blah blah blah trickle-down housinomics blah blah blah
Alright, Toronto rental market. Can you please explain to me how you can justify renting out an apartment that is so old, falling apart and filled with bugs and mice for $2000 a month???
I would think if you're paying 2k a month for rent its a nice place - I was wrong
"The average cost for a one-bedroom condo was up by 20.4 per cent to $2,481 between the third quarter of 2022 and the same period in 2021." https://t.co/ZXgEF1vNDC
“I suspect that the string of interest rate hikes we’ve seen in 2022, including Wednesday’s 50-basis-point hike, will put upward pressure on rental prices for the next 12 months.”https://t.co/i0PNRjmVIx
"Over the past 20 years, the size of rentals has dropped almost in half, to 600 sq. ft., putting the squeeze on families and comfortable living." https://t.co/NAAdULH4uu