No one around me has found lower rent. We all have had 17 to 30% increases. Also, $2,100 + a month is not affordable for single income or set income people.
I built a craftsman one bedroom cabin on a half acre, ocean view, covered porch, great kitchen, bath , floor heat, etc, big patios, no other dwelling. The cabin value is 300,000 and the property would be 250 if it were bare. I often have people offering me 1000 a month to rent it from me It’s not worth it to me. it’s for my retirement property. I have rented a newer 3 bedroom 3 bedroom house before, after the knife marks and holes in the walls, etc I sold it after the only tenant moved to AB without telling me. I rent where I work but it is really old and tired It was too much effort to move and was a good location now at 2200 month. The peel and stick kitchen floor tiles and fence pickets wearing away. I replaced the bathroom with a laminate floor at my own time and expense. The landlord only has had to replace a hot water tank and a washer. The owner is so cheap, would not have me paint the exterior for 1000. It not for my plants in the summer it is a sad looking rental in the neighborhood. Luckily, retirement is at the end of the year. I am more in favour of multi unit apartment, condo and townhouses rentals by developers . A homeowner landlord renting a house just does not fit rental needs and are better suited as short term furnished leases. Renters need stable reliable housing situations, especially families where the least amount of inventory is available.
Is happening in toronto, in my area buildings are offering free months. But haven't lowered the prices yet. Trying to resist the most they can before lowering prices.
I would like to disagree. Me and my gf have been looking for a house from last 4 months and All I see is minimum 2.4 K for a 1BHK in and around Toronto
Cherry picked data. Rent will increase again come fall when students return if not more to make up the summer. Plumbing, electrical, and cost of living remains high. Prairies are just correcting right now for new intakes, yes.
How 0.8 and every underwater mortgage speculator who is renting his/her house increases yearly the max he could or allowed of 2.5. Maybe in canada in a parallel world. Maybe.
