Trudeau's Canada
Sep 13, 2023
Although the pace of increase has come down ever so slightly, the price of rental accommodation in Canada continues to go up, with the average new tenant now being asked to pay $2,117 a month.
In my city, a two-bedroom apartment rented for $800 per month ten years ago. Now, that average rent is approaching $2,400!
Forget about buying a house, just renting is becoming insane:
Kranjec works two jobs yet still spends more than half of her income on rent. Her main job could be done remotely, so she contemplated moving to a part of Ontario with cheaper rent, but quickly realized those options were also limited.
The Liberals imported millions of people in the past few years. The result? Explosion in real estate, spiking rent, and depressed wages.
Comments