Sky-High rent shock in Toronto leaves reporter with no fixed address 

Which apartments are these? When can I move in lol

That’s very nice and altruistic of you, THANK YOU!!! Thank God there’s still people like you around ... If only all Landlords were like that 😕 As these rent increases without warning are just crazy! SMH! 🙁😪

Address? I'll move in right away

small increases basic on inflation, is reasonable. But what these other people are being charged it insane! 30%+ or 100%+ should be illegal.

Simp.

HaleyMaryArtzab No. hope in Dope

M

Rees

CBC isn't great pay, sadly. Like 40k for a younger reporter like her. National news hosts make make of course, but your daily crew that's on the ground interviewing folks isn't making much.

@@ulogy 40K sounds like a lot of money, if people can't find a decent apartment making that much a year, then the economy isn't helping people at all.

They've been talking about it for quite some time. And it was never this bad.

Anthony Oodie I’m gonna go get a checkup, every vaccine available, buy everything I need to survive and hike to a remote area where nobody will ever find me. Who cares if it’s illegal.

That's exactly what I was thinking as soon as I read the headline.

Yep.

2 years old video mate

Voluntary slave. Which isn't really a slave, if you think about it.

A Voluntary slave enjoying roads, sewers, trash removal, clean running water, modern safe housing, food from all around the world at the corner and so on. I mean, we are not talking about being lashed and living in a mud hut.

well,i can see shy we are in this slave land, and the slaves think thee free, LIKE YOU

We all enjoy a rich modern way of life and it cost a lot to make it possible. In past times people didn't work so much but they had nothing. This way of life you'd call being free is still available. Just find a spot in some third world country where you can build your own mud hut and grow enough food to survive. I wish you the best of luck.

My guess it is %60% take home. I think Canada's tax rate is like 50%, so she is probably making like $80k a yearish.

A QHHT Journey Canada ......you can run but you can’t hide. We need to make a stand. Together. Look at France. Millions in the street and they stay there till is done.

@@johnmartlew5897 Done what? What solution? Mass demonstrations, France style, can certianly make the government react but what is it you want them to do - specifically what law are they supposed to pass that will solve this problem.

I did just that. Left the city, and pay half the rent I did.

The GTA is overpopulated and the cost of living just isn’t affordable with the wages. This summer I’m going up north for a gold prospecting expedition and will be living out of my car for 2 months. It’s better than being a wage slave.

Brandon, that sounds totally awesome! I feel like joining you! ...Now that's a life! Wishing you all the best!

Wow

gadzooks!!

Jezabel-in-Hell couldn’t move to somewhere more affordable?

I'm blessed with my rent,but here in Denver Colorado just next door the rent for a glorified walk in closet is 1400.00,nuts!

i feel you... im from San Diego too my rent went from 1050 to 3400 in 6 years

Decades....not years

Ts Better change the rental laws first. Ontario has some of the worst rental laws for landlords. I completely understand why a landlord would keep their property empty in Ontario. BC and Ontario are different. What works in one place one work in the other. I see a lot of throwing anything at the wall and seeing if it sticks and that just isn’t a sound solution IMO

You dont have the same problem in the states why? Because government caused the entire problem. Rent fixing doesnt work it only causes less affordable housing to be built. The government cant build affordable housing the economics dont add up. Zoning boards make building housing even harder. The politicians really sold you out because they didnt care about housing they just wanted the increased tax revenue from property taxes. It always always goes back to housing in government. Your gonna see this all across the country it started in Vancouver it's now in Toronto soon it's going to happen in Calgary. Its disgusting that in Canada the second largest country on earth that real estate is as expensive as it is if you look literally a couple miles south in the states the land is infinitely cheaper the taxes are lower the cost of living is lower and it's all because of Canadian government protectionism.

Canada (mostly Toronto-Vancouver) and Australia have some of the biggest bubbles in the housing market getting ready to pop within the next year. Experts predict 30-50% price correction. The global economic crisis is rising and world central banks, like the US FED, Germanys Deutch bank, India, China, and other central banks are in liquidity trouble right now. Plus a huge stock market crash, so switch to cash and hard assets like physical silver/gold. 2020 will be an interesting year for the world to say the least.

@@Matt-zp1jn "Experts". LOL

Firstname Lastname And food/water/human interaction/purpose.

Guess we’re not supposed to notice that fact 😂

She wants fancy no-commute downtown posh shelter. She doesn't want working man's commute from the 'burbs shelter.

Maybe she should find an apartment that fits her salary then..? Not one that's downtown at the waterfront idk sounds like a start though

ForeverStokes Yes it's pretty crappy... Makes more money being a bus driver, so it seems.

Sounds like she's trying to live on about $ 3000 per month max. Sounds great to someone living in Fredericton, but as a CBC analyst in Toronto it's total rubbish.

She's making 2750/month if 1650 is 60% of her wages. That is NOT a living wage in Toronto.

Men have been dealing with this for decades, welcome to the equality club, what’s her big deal here...because she is a women!? Don’t live beyond your means...many would love to live next to their place of employment...commute!

Women have been dealing with it along with men. More so, since laws requiring equal pay for the same work haven't been in place that long. My MIL worked two jobs to support herself and her four sons after their father ran off. She's 67, and still working a full time factory job.

Really? Try Edmonton, Alberta where a good two bedroom apartment costs about $80,000 or a townhouse which today can be bought for around $100,000. Sellers will take any offer in Edmonton today.

Maybe in some of the "no go zones" you find prices like that. In Edmonton in general the rent went up from $1285 to $1360 on a 2 bedroom apartment. A small trailer house to buy is listed at $120,000, besides the monthly fees.

I only pay 400$ U.S. where I live monthly. Live within your means and live a happier life.

A mortgage around where I live is $300/month if you want a cheaper house.

in the areas where housing is cheap and/or affordable, work is scarce and wages are lower. Its not that simple

19k, are u kidding me?

Buddy Van Cigrit a recent business trip to Wisconsin, just a mile from L. Superior and a 3000 sqft house is 60K USD to buy.

Wow that's amazing +Buddy Van Cigrit, I'm in Quebec and it isn't that bad here.

Canada is not bad compared to larger cities. I heard HK cost a few million CND to purchase a 800sqft flat. The average house in T.O. currently is around $800k for around 1300sqft in East York area. So we are not taking it that hard unlike our overseas friends, I guess thats one reason why they flock to USA and Canada and seem to have put upward pressure in our housing market, its because its cheap here relative to where they were coming from. The situation will become increasingly difficult as our population increases worldwide. Now with stress test commencing in 2017, it will be even harder to qualify for a loan to purchase a home. For some new home owners who can bairly afford it, end up needing to rent out a portion of their house and forced to set crazy rents to offset the mortgage payments to make ends meet. As an individual, try to concentrate on building passive income instead taking on an extra job. Search for passive income. Its not an overnight solution, it will take several years to get back onto financial track. However never quit on building it no matter what happens, it will be worth it. There's always 2 sides to a story, everyone is trying to make a living. Unfortunatetly the way our monetary system works may be to blaim, but its quicker and easier to change one's financial outlook and situation than to change how the system works. Anyway that's my personal perspective on this topic you can take it or leave it.

Try Vancouver which is second in North America to San Francisco and New York

The Random RU-vidr That’s probably why the rent increased more than 50%. The landlord realized his/her mistake in asking for such a low rent price.

Kris K sadly as of September we are living in a trailer. From talking to others... This is becoming a lot more often.

Kris K Or build a tiny home which you see on many videos. Toronto is outrageous with rents and everything else that goes with it.

@@mylifethrivingincanada7643 I was thinking about doing it but with 3 years old kid it's out of question for now.

I like the idea but everywhere ??, what kind of career are you having

Chloe wilson build a tiny home where? You’re aware you’d either have to rent or buy the land right? So that leads where? Right back to where we started from

Well. I agree with you about some stuff. But if you want to save for college may as well save for a house. No point in getting an education, your place was filled before you even enroll.

It's happening everywhere, not just the Gta.

The womb comment is genius lol

Sorry, no can do. Other people have to get rich of your back!

And what about today...during the pandemic?

And now it’s 2023. It’s more !!

2023, it is even worse than 2020. and in 2026 if JT stays it will be even worse. I am not sure if it gets better if PP comes in, but we need to change our voting habits to find out.

If you think rent is increasing, just contact the cops. Cops aren't informed due to people not complaining. They would charge the landlords.

Landlords needs lock up. Jail time

@@babyloveu67 And then??? Even less rentals available, which puts prices even more. We need more supply. Did you ever take economics 101?? Its anti business laws that make builders not build rental units as it is more lucrative and less headache to build condos.

EXACTLY!!

Hi how are you ? I'm not bothering you How was your day

Oh I’ll just bet most of us would.😅🤣😂👃🏻........💃🏼

means you can't manage your money

Clinton Fischer I gave my couch et al....she burned my house down.

@Harry Smith There is nothing wrong in women being attracted to a man primarily because of his financial stability. Believe me outside Western Europe and North America, this is pretty much a requirement from most women before engaging in any sort of relationship with a man. It's nature/common sense at work. Only in these aforementioned regions is this behaviour shamed as 'gold-digging' and women are expected to love blindly at the detriment of they and their potential offspring.

Hi how are you ? I'm not bothering you How was your day

My apartment is $450 ..

@@SuicideRedemption where is that please.

That's incorrect, it's $15-1600

@@angelefigueira9065 in Washington state

@@SuicideRedemption thanks

Lmao disgusting she cant afford to live in NEW water front property....boo hoo

Hi how are you ? I'm not bothering you How was your day

i don't mean to be insensitive, but then don't live there would be good advice?

Terence Reeves u can't live on min wage

sounds like you got to be making a ton of money to live in Toronto. Toronto cannot be a sanctuary city for refugees it appears.

Yeah Doug - that's kind of my point.

Terence Reeves Something will change only when it has to. The market dictates what happens. Either people will pay the higher rents, or they wont, which will force rents down, but its pretty much guaranteed that rents will continue to climb. Toronto is growing so demand grows with it.

OLD PEOPLE who already live in paid-off homes, but they got FIRED / TERMINATED from their regular jobs once they got over the age of 60 (that happens a lot in Canada = companies let go of employees at 60). But those old people still need an income to pay heat and food as the old age pension is not enough to live on, so they work in Tim Hortons and McDonalds and other fast food restaurants. Most of those older peope are accountants, office managers, engineers, and other people with Masters degrees, but they cannot hold a job due to their age.

It’s kids of parents who live there and a few old people

Was thinking the same thing.

You mean landlords needs jailing

Dave Tom yeah, cuz it’s so fun to live with strangers.

She shouldn't have to share the roof over her head.. In order to pay for it 😨

Dave Tom, sadly most have to. She makes more than the average income and is still having trouble making it. So, imagine trying to make it on SS wages (some draw only about $800. a month, others might draw as much as $1200. a month.). Yet, even on the higher end of SS they could never live where she was living before she became homeless. Rent should never gave to be more than 1/3 rd of a persons income. Not to mention that groceries and toiletries have gotten way too high, as well. However, every time the cost-of-living is raised then, everyone raises all these things and more, as well in order to cover their employee's raises and still make their desired profit. Therefore, everyone still ends up in worse shape after the cost-of-living raises come out. It's a really screwed up mess! There needs to be limits on such things, especially insurance and all, too.

London UK?

Yes

Wow lucky you mate, for me even as working as Software Engineer, I need to save for 5 years to get 20% money just to get a condo for $600,000 which seems like it will be 1 bed room only. Might just not buy and lease a condo for long term only. Maybe for 20 years, if I pay 1500, would only need to spend 30k for a condo for 20 years

She started with 1650. what do you expect, this doesnt sound like she cared; just wanted close to work since work was good enough pay for a 1-person apartment apparently. I pay almost 650 for a 3-1/2 and thats already a decent % of my paycheck and I work full-time.

Yeah she could become a normal commuter but apparently that's not hip so she won't.

It's not only about downtown anymore. A 2 bedroom in our 50 yo apartment building at Don Mills and Sheppard (so very far away from downtown) is now $2600 a month for new tenants, so twice of what we are paying. Hydro, internet and parking is extra. So... yeah.

This Hamiltonian now living in Montréal salutes you!

Blame dat joke trudeau

Hi. What's Edmonton like? Is there a lot to do there? Is it fun? Asking for a friend...

I’ll take Toronto and Montreal over Alberta living any day! The only reason why I haven’t moved to Montreal is because a career in my field requires me to be bilingual, I absolutely love Montreal. Not everyone is paying 2,000 a month in rent to live in Toronto 🙄🙄🙄🙄🙄🙄

Because we don't matter. The rest of Ontario told us that when Ford was given a majority.

Because minimum-wage workers are a minority.

Just putting the left's policies back into place. Amazing how everyone approved of them when McGuinty and Wynne supported the policies, but as soon as Ford does, suddenly the exact same people now oppose them.

Attila Kiss How would I find this information? Thank you.

Rent control just causes scarcity of vacancy.

The city is in the pockets of developers

cheaze69 then build(?)

😂

If u work there and live outside could cost like 3k for commuting.

Lol absolutely

Marijuana is legal. And given the scenery...

exactly my thought. I wont be surprised if she also has a $20,000 car debt lol

And where is she supposed to live while she saves up an 80,000 downpayment to do that? And once she has that house, how is she supposed to afford 3000 plus dollars in monthly housing costs? YOU are both financially illiterate.

Um, an average house cost in Toronto has gone over a million dollars. That's over five thousand dollars monthly in mortgage payments for a 25 year term with 50 grand downpayment. Your household income should be at least 150 grand annually even to approach to this mortgage affordability.

🤣🤣🤣🤣🤣🤣🤣🤣

The Ontario Conservative party is author of these "laws". They didn't have to be corporate stooges. They wanted to be.

@@thehellyousay Liberals were in power for 14 years, but yes, let's blame doug ford.

EXACTLY

@DASO MILITIA you are right! People only think dt core is the only expensive area

She could find a place with roommates or get a studio apartment.

No. Vancouver is even worse.

And everyone bring and hire his own in this multicultural ghettos

And they rank it as one of the best cities to live, for what? Spending half of your salary on rent to live in basement and the rest on bills and food. I am talking about someone who got his graduate degree from Canada . The problem how they make you cheap. A manager , who you mentioned, is so cheap that pay you low wages and lower the standard of living in this city and this country. From university degree professional to cheap labor.

greg mac Money doesn’t care about political leanings. Right or left, EVERYONE wants to get paid.

Vote for bernie sanders, he will make sure people on fixed incomes have affordable housing and will expand social security and medicaide

@@whitestar8717 Why? Is Bernie moving to Canada?

There's MAID.

If this keeps up, only rich people will have homes to go to and poor people will have to sleep on the sidewalks.

Is full body armour included with the purchase?

Sean McCall Key word some most Gen X’s have to relocate out of province or country for career or they have to live with parents and save a really good despot for a home. Thankfully I have the option of both!

Me 2

our transit system is outdated.

The transit system that's always stalling? Or the go train which the track freezes in the winter?

lol, "riot and protest" in Toronto? you must be joking. they never will. Its polite Toronto.

Yeah, riot to take somebody else 's possession, I believe that's how they did it in 15th century.

FamilyFirst!! Ooaaôoooa

The protesting was happening at city hall by long time residents long time ago. 15% off shore tax did not slow down the richest of chinese investors. Some are now buying properties in seattle causing our house prices to go up!!!!!!

I think that was to dodge away away from the fact she's homeless. Far too many people find "homeless" synonymous with "unemployable" or "lazy" or "degenerate" and the show probably didnt want the public associating one of their employees with those thoughts.

She does. That's the point of this clip. Shes names enough. But people are being creedy

Because rent control = shortages, no new housing built and new renters locked out of the market.

Find a shared housing, much cheaper, only bathroom and kitchen are shared. I pay like $450 a month, that too in good area. Think : Young street

Your right...rent has been skyrocketing in seattle and rents been skyrocketing causing homelessness and causing genrification. MANY californians that make less then 50k are leaving the state....they cannot afford it.

Agenda 21 is in the work ..

This sounds like 1929 all over again.

Not really. Manitoba, Saskatchewan and Quebec excluding Montreal are not suffering.

No place in the US is like that (sky high rent, mediocre salaries ).

you got to pay me to live there another Brampton FFS !

Shut your mouth. People have it worse then her

No doubt about that. Which is a very big problem.

Can say that again..Can surf my couch anytime

LOL, and spend 1/3 of your life in traffic? Hardly better than being homeless.