What it’s really like finding a place to rent in Toronto
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- Опубліковано 14 гру 2024
- From high competition to extensive background checks from landlords, Toronto renters are struggling to find - and afford - an apartment in the city. CBC Toronto’s Shannon Martin spoke to people who are tired of the chase and skyrocketing prices.
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Letting 1.5 million immigrants in the country in a year and not building houses and rental units to keep on par with housing increase requirements is a big government failure especially for low and medium income earners BUILD UNTIL THE MARKET BALANCES
That’s what happens when you privatize housing
@@Rooted_Locs
Which became a necessity after the government mismanaged public housing into insolvency.
I see this as a genius move by those at the top. The 1.5m immigrants will generate so much business, that those who benefited can afford to buy condo units by the floor to rent out to those who can still afford. Just to squeeze a little bit more cash from the mid to lower class. Just a lil bit enough to survive and be a long term investment.
I think a bigger government failure is allowing foreign investors to buy entire floors of units only to keep them vacant. Toronto has approximately 90,000 vacant units. You can’t be in a genuine housing crisis with that many empty units. Not one more shovel should go in the ground until every unit is full. This crisis is entirely artificial.
When immigrants come to Canada and work on farms and in construction their low wages keep the price of food and housing down. So it's the reverse. Immigration works against inflation
Once again, the first lady brings up a key point: the immigration paradox. A lack of affordability is destroying local household formation so we say we need immigration to replace our population. But immigration is a key contributor to unaffordability which is the very thing that is destroying our ability to replenish ourselves.
Canadians are getting old and DYING off faster than we have kids. We need immigration genius or the whole economy tanks. Build more houses single, multi family and larger units that are multifamily. Government regulations are strangling the housing market. Canada has LOTS OF ROOM to build!
I wonder why they don’t favor first house buyers that *intend to live* in the premises instead of letting investors buy all inventory available. Lower interest rates to help build a community like is already done in Germany. That would be a solution.
well said and true 😢
Thanks yimby. I'd invite you to read the comment again - it already contains a response to your post @@keithpalmer4547
Building a Canada of Canadians ship had sailed a long time ago. Even with immigration, Canada is so damn big that it is literally a military challenge to secure its land with this few people. Without immigration, there would be no Canada left. The main issue is batshit crazy laws that prevent you from making new housing despite having more than enough money and land to do so.
As the video mentioned, a cap like $1,000 per apartment will balance everything as it will force the laws to build more as the only way to gain more money would be more units.
Rent typically eats up about 70-80% of a person's paycheque now. That's insane. There is no where in Canada where a person working a middle class or lower job can afford a one bedroom apartment. We need to get control over prices because these price hikes are destroying society.
@@patc3650 First off, what makes you think I voted for the Liberals.
Second, what makes you think Liberals are "left"?
Taxes have never put someone into poverty. And companies and Landlords make record profits and still jack up prices when they have no need to.
Also, I thought we had a worker shortage so where is this 1000 applicant BS coming from?
And the housing market isn't doping well because people can't afford homes anymore.
You really just spout this stuff with nothing to back it up.
@@StephenLeGresley: '... what makes you think Liberals are "left"?' They don't think since the propagandists seized their brain.
@@patc3650 - Exactly... We sold our Townhouse for almost $900K...and got 17 offers....
@@patc3650 The evidence doesn't point to migration being the main culprit in our specific case because the price increases have outpaced population growth. We've had a 4% increase in the population in the past 2 years but housing prices have gone up 20%. Also while the migration numbers are up compared to pre-COVID, that's mostly made up of migrant workers rather than people you would compete against on the rental market with nearly 500,000 more temporary work visas being handed out yearly now than pre-COVID.
@@patc3650 Are you pointing out how I rounded up and the actual numbers are 3.8% and 480,000, or are you just saying you've not looked up any of the actual data and wouldn't trust it anyways unless it implied your personal opinions were correct?
Even the dogs are depressed by the interview.
😂
hahaha
they just sleepy (I hope)
😂😂😂
A friend of mine moved back to TO from Alberta in 2021 and had to pay a years worth of rent upfront to get a place. He lost out on 2 others he was looking at bc those people outbid him w 2 yrs of rent up front. It’s crazy!
The rent was probably very cheap or in a dynamite location. This doesn’t have too often, maybe one year at best but haven’t heard of two years.
I live on the west end outside of Toronto. I take the GO daily and door to door each way is an hour and a half. It was a decision I made and I'm not going to cry over it. Sure living in the city shortens my commute time to work, but the 30% Savings in rent makes me much more happy everyday. No one pushed me out of Toronto, I made that decision myself. The world changes by the seconds. Learn to adapt to changes.
Exactly. Two years rent is a down-payment for the flat.
Plus, I believe it's illegal to ask for a whole year rent. Even deposits are illegal in so places.
@@ActiveRehabMobility yep, you’re right. Dynamite location. Liberty Village. I stayed in his building’s guest suite and the location is amazing
I moved out at 18 with my sister and had to move back into my parent’s house because I couldn’t find a rental for my partner and I.
A year later after living in a room with a hot plate, I tried to move out with my partner again with even more money saved.
It took us an entire year to find a place in our rural community.
I had landlords that wouldn’t even ask for references, down payments, or pay stubs. They’d ask my age and TELL ME What they thought I could afford at age 20. (I could have had a year’s worth of money in my pocket but they’d never know because the conversations didn’t even go that far.)
I was told (by the guy having no knowledge of my income) that a 20 year old can only afford $1000 or less a month. And that I should ask my mom to sign a lease for me.
My parents bought their first home in 2002 at 23 years old but today, landlords seem to think 20 year olds should have their parents as the lease holders or else they don’t deserve housing.
How are young people supposed to gain the experience and the 55 references they always ask for when NOBODY is willing to even look their direction.
That landlord telling me I could only afford $1000 a month probably doesn’t realize that you can’t get a room for that price today.
Currently I’m living in a basement suite reminiscent of a hole in the ground. My bedroom barely fits a double bed. It’s infested with spiders, our fridge was last serviced in 1993. When we moved in I was so grateful that we had a (musty dirty) stove that I broke down and cried.
My partner and I pay more for this place than my parent’s mortgage for their 3 bedroom home.
When my dad came in to visit for the first time he thought I got scammed for the price. Nope. I went on Facebook marketplace and showed him 5 listings of single rooms that cost the same price as my apartment.
The people in my community don’t want new housing. They protest every single new building being built. Most of them are boomers who got their homes in the 80s saying “$500k homes are luxury” or rich middle aged families that moved into town from more expensive cities after the pandemic that tell people like me who have lived here for my entire life that “we don’t need more housing in town, if you can’t afford it than leave”
I dont know how anyone affords kids. Daycare costs an entire paycheck. Its really nice she has someone to share her costs with.
Costs have come down significantly, two kids in daycare is ~600 month
We can't, basically piling in more debt. Literally struggling with it everyday. I hate myself for having a kid. I hate Trudeau for putting us in this position.
We should all just run our credit cards and lines of credit up and declare bankruptcy. Maybe then they'll start to listnen.@@baxakk7374
@@CGBTCI am not sure what you are talking about….😮 2 kids? Where is this place?
Moving to rural Canada is probably the only option even though you may not get the dream job or jobs in your field.
What about people who don't drive? Or need a social support system?
@@CarolineIronwill Move out of urban (but still w/some public transit), so you can work in relatively cheaper area. If you can get a license and car at that point (may take up to years), move to rural with a pre-obtained job, that pays even better relative to expenses, and save up more (may take up to more years). By 5-10 years from now, you're more established than you would be from 10-20+ years in urban renting life stuck 'poor' in middle age. If you're in your 30s, you can now spend you 40s-50s+ (60s) focusing on family, home ownership, and retirement where you instead might have been stuck on the renting cycle into your 40s even on an ever advancing career. If you get a job that's back in the city, you will have more capacity to have one that's more WFH/hybrid, or you can commute up to 1-4 hours by car or transit, but at least you're focused on getting those higher paying jobs instead of constantly anxious about losing what little you currently have.
^ That's what I think is supposed to be the idea. I'm also not sure if it fits with reality.
This days rural areas r depressing unless u have something…
That's not a viable option for those who don't drive.
Don’t move rural, we don’t have space either.
The middle classes are being erased completely. The cost of commuting is unaffordable too. But Politicians should know these apartment units could start to be used to accommodate 10 to 15 people who can pool there money for rent. When is the government going to intervene? Do they want citizens sleeping in drawers?
Why should the government intervene? Translation = Raising and taking more of MY money in taxes to give to deadbeats. I'm tired already of paying for other peoples problems...
@@maxxomega6599
Due to their own lack of foresight and general ignorance/stupidity.
Here in Vancouver we have full time construction workers living in camper vans and the have the guts to make that illegal here and actually enforce it.
When my parents were first married in England in 1950's , they lived in cheap housing. A room with a common bathroom and kitchen. More and more we hear on tenant sites from people who , having been evicted from their apartments or homes, often in bad faith, are now living in a room with a shared bathroom and kitchen. Sometimes it is a couple with a small child who can no longer afford an apartment. We are returning to housing we condemned as unsanitary and unsafe in the WWII era.
We built a Canada where we had to stop having children.
That’s literally the point with the powers that be they don’t want us having kids or families in the future .. if you knew what’s really in our tap water you would faint .. fertility has been declining and it’s on purpose
Canada outsourced this task to India and China. People are Canada's biggest import. I wonder how long this brilliant idea would continue to work.
@@svc2461 People were Canada's biggest import many years ago. The entire 19th century, and most of the first half of the 20th. Maybe some peoples ancestors should've just stayed where they were, and we wouldn't have a country full of whiners now. You don't have to stop having children. All you have to do is live where you can afford to.
What do you mean had to? You voluntarily chose career and lifestyle over family and future.
The issue is not being able to afford children. Or at least children that are parented. My wife and I have University degrees. I run a 500 million dollar manufacturing plant. She has a Comp Sci degree and works as a Manager in Software development. We can't afford a house. We have 1 car. We camp locally for vacation. I believe many Canadians decided they can't afford kids. You think a generation of people just all decided they'd rather work?@@shauncameron8390
Sadly it’s not only in Toronto but it’s also everywhere in the world . I’m originally from Ethiopia and in the capital, rent for 1 bedroom ( in a nice neighborhood ) is 2000 USD!! I kid you not - this is Ethiopia !!!
Mostly due to Ethiopian citizens who made their money abroad and came back home.
Yes and also the expats who work McKenzie UN etc..
toronto is utopia.....
No its worse here its well documented
@@shauncameron8390not only that the country is at war with itself…it’s citizens r flooded the capital city for safety
It's hard to think of what it will be like in 10 years from now. I am really worried about a total collapse of society
yeah I have issues literatlly sleeping at night cuz of this, like okay nobody having kids is one thing but even if nobody had them, people are so unstable and so much conflict even in Canada, Trudeau bringing even more people, crisis upon crisis
lets stop voting for leftist policies. history should be our guide on what not to do,
Canada and the US will be like Africa. You're either very rich or very poor, no in-betweens.
Don't worry the end of these greedy rotten planet is near. The world we live in is unfixable everyday getting tougher and tougher. The big Brothers have no solution for nothing. Solve problems with more problems.
@@bmoshareholderappleshareho855
Nah. Canada and the US will be more like the old USSR.
"my rent has doubled in the past 10 years" 4:29 If you want your money to double in 10 years you need a compound interest rate of 7.2%; 5% would take 14 years. The system is designed to encourage a positive rate of inflation. There is simply no way to put a hard cap on rents with the way the monetary system currently functions; it's an impossibility within the current banking and monetary system. I agree that in the past few decades, inflation has far outpaced regular jobs and regular salaries. The system is no longer working for the people, and something needs to change.
S&P500?
doubtful. Any type of societal change only happens when something drastic has happened, or is happening. When I look out my window, cars are moving, people are walking, a normal day here in Vancouver, I assume its the same in Toronto. Change will happen when I look out the window and see a guy beating another person to steal his food/belongings in broad day light; groups of people just taking whatever they want, disgruntled citizens covered in ash from the burning cars, gun shots blazing etc etc. Right now, its pretty peaceful out there, people working and doing business. Yes, there are homeless people, but not really a lot compared to other countries.
This is horrible. I’m in my 30’s living with my parents. Can’t even afford a room on my own, let alone getting married and getting my own place. Don’t think, I’ll be able to afford something in the GTA and surrounding areas, and probably will be forced to go to another province or State.
You can’t afford $800 for a private room? Really?
@@sean4060who on earth wants to share a private room 👀 that always seemed odd to me. Its probably great for students but for adults outside of post secondary education that's weird.
@@sean4060 you cant get a PRIVATE room for $800 buddy. Try $1400
Nothing wrong with that, I was living with my parents until i was 29. After working for 10 years I finally was able to buy a place. If I didn’t stay parents and rented a place for my own privacy, There is no way I would have able to buy a place of my own here in Vancouver. And yes I was helping my parents around the house and for the bills.
@@sean4060 Find me a good room for $900 in the GTA ? Can’t find a good one for less than $1100-$1200 dollars, in a reasonably good area. I spec
If you're working 70-80 hours a week and you have no savings leftover, perhaps seriously consider moving to a cheaper city.
smaller cities don't have the jobs and the rent and price of housing is rising all around the country
@@DaDoubleDeeuhmm my cousin just bought a house with cash in NB for $250,000.
@Tjd1982 how hot is the job market compared to Toronto
Where I live in BC, you can rent a three bedroom townhouse, nothing fancy, for $1,700 - $1,900 a month. Educate yourself for a job where you can work remotely, and then move to a place like that. Work 40 hour weeks and spend the rest of the time fishing with the kids. Simple.
@two-sense i have an office job that i can do 100% remote. But the employers are all old fashion and won't even interview if you say you remote or hybrid.
"challenging people for mortal kombat" is wild
😂😂 I thought soo too
watching this from San Francisco, wistful at the low prices compared to my CAD 3,300/month studio in a century old building without any bells and whistles.
Honestly, if I were the Turkish family I’d try and save enough in Canada to buy in Turkiye and then go home and live by the med.
The problem is no one can save in Canada, we live paycheck to paycheck.
rich getting richer and destroying many peoples lives, the canada way of life. govt really should just make a permanent rent price limit to stop the out of control greed of corporations and landlords. i dont understand why they wont. i dont personally live in a large city like this but costs are becoming just as bad in the smaller towns now too. something needs to be done, hope govt someday wakes up and does the right thing to protect its citizens.
Are you expecting the same government that caused the crisis to solve it?
You mean expedient.
@patc3650
Exactly.
It's like living in hell on earth in Toronto. And it was not like this in year's gone by.
As a landlord, I find it crazy to ask a year in advance rent…you are taking people possibility to survive, have an emergency money or even money for a down payment
But that wouldn't stop you choosing a tenant that can give you a year upfront over someone that can't though would it 😂 As a landlord 😂
@@tabularasa7775 everyone is not like you, yes that would stop me. Work on your conscience son
Some landlords prefer 1 year rent upfront immediately so they can use the money immediately instead of having to wait.
@@muntazirpyarali8606
You’re too soft To be a landlord. One day soon you’ll find that tenant who stops paying you and you will let it happen for several months if not years
@@sean4060 Agree to disagree
I can hear the pain and worry in the first women’s voice.😢
Solution - get investment banks and hedge fund speculators out of global housing markets.
No. Better solution: why don't you consider living somewhere other than the big city?
@@shauncameron8390 You go where the jobs are- which are typically in cities. You can't just relocate to somewhere cheaper if there are no supporting jobs available.
That's EXACTLY the problem! When a handful of people control the housing the market, they can charge whatever they want. This has nothing to do with inflation and very little to do with immigration.
@@johnholst Unfortunately these right-wingers are too preoccupied with their biases and scapegoats to realize they're being duped into having an ideology that aligns with the interests of the ultra wealthy and the ruling class. This comment section is full of people blaming immigrants and two young girls for sharing a cheap take out meal instead of the actual causes of housing unaffordability.
@@Mlogan11 I feel the government should spend the dollars on the jobs instead of fixing the housing crisis and would eventually hit us again after some years
What I'm hearing is they chose to live in Toronto...move! No one is forcing you to live in an unaffordable city. I did and it was a great decision.
PREACH!
LOL you just dont get it
@@zacatkinson3926
What is there to get? That's what most people's grandparents did during the Great Depression when they could no longer afford to live in the big city. Pay up or move out.
@AellaMaude-oy9qn they're not wrong though. Yes part of it is that the GTA is expensive...but this is where the vast majority of (what used to be) decent paying jobs are. GTA is absurdly expensive because we have 45% of Ontario population and receive 75% of Ontario's newcomers looking to work in Toronto and the demand for housing cant keep up with immigration, so rent prices shot up to almost $3000 for a 1 bedroom apt. Most people cant afford that and are resorting to overcrowd small apartments just to share a room (even sharing a room can be upwards of $1300-$1500) People are literally struggling to find jobs now and if they're lucky, make enough money to afford to rent a room on top of cost of living.
cooking food by yourself is way cheaper than order food and share
I lost my job in Jukt. Moving into my van tonight as I've been priced out of having a roof over my head.
That is horrible. I hope things take a turn for the better soon.
This situation was inevitable when the LTB of Ontario allows non paying tenants to live rent free for 1 year+. That shortfall will always fall on paying tenants. That is the only way the system can work. This will be the reality until the LTB completely overhauled.
Yeah except delinquency is rising due to lack of affordability and availability, restricting the population from moving or planning for home ownership. And all becuase the majority of our populatuon decided to play monopoly for the last 4 decades
Add on the way landlords were exploiting Indian tenants with little options, and as far as I can tell, the core of this issue is a collection of malicious property owners taking advantage of broken systems, that everyone left broken because we all individually hoped we could exploit it one day ourselves
0:45 she said mortal kombat 😂😂😂 I’m finished
Moved from Canada to the US and my salary went up 6.5x after currency conversion. I'm a principal product manage at Amazon and make $650k CDN and only pay $1800 in rent in New Jersey. The US is MUCH more affordable just because the salaries are way higher.
That won't last for long. U.S. is becoming Canada
Is that a typo? You make $650,000/yr? I find that hard to believe.
@@mr.centrist5789
Only the Blue States.
@@shauncameron8390 It WILL catch up to the red states.
@@jcsdesign $650k CDN = $500k USD, which is the normal total compensation (salary, bonus, RSU) for an L7 principal product manager at Amazon. I am only 32 years old too. These types of salaries are no big deal in large American cities. It would be unheard of in Canada unless you are a CFO or CEO.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
@Davidtimber Thank you bots.
People need to pay high prices to pay the tax that the local government needs. If the local government chooses to spend on finding a solution to pay less on rent there's going to be an exchange. If the local government will let us pay less on rent and fund money on rent but building apartments still the same and there's gonna be no progress in lowering the apartment prices.
Do you mean property taxes? If so why are property taxes so high
You interviewed articulate and smart women. 😊
We talk about affordable housing campaigns and plans. Where are they? Where is the government funding going to? How is this landlord's issues for rent being high, it's not like no one is paying?
The real question is: What's their interpretation of affordable housing? A $700,000 one-bedroom condo? A one-bedroom apartment costing $2500? A tent is affordable housing.
No one is forcing these Canadians to live in Toronto right? A one-bedroom condo in GTA costing $700k is a bubble that will eventually pop. The reason so many are complaining is because they choose to want to live in the metropolitan cities. But the Canadian infrastructure is terrible. @@bmoshareholderappleshareho855
@@bmoshareholderappleshareho855
That's just Downtown and some other trendy part of the city. There are a lot of places that cost less than that.
Taking care of a dog doesn’t help you with rent…
dogs*
But they got it take-out food, lol.
I’m sure they know that. The financial cost of having a dog is clearly well worth it for the satisfaction they get from it.
Can someone not find rent difficult to afford yet still have an animal?
@@boomafoo9 Yes, they can. But only if they are realistic about where they can afford to live, rather than feeling entitled that they get to live wherever they want.
How can there be a cap when the cost of everything is going up? You can't expect to still be paying $900 per month for rent, that ship has sailed. Most landlords are not trying to be greedy, it's just that they have costs on their end that are going up (property taxes, condo fees, utilities). if renters were homeowners they would experience the same rising costs of having a home.
There could be a cap on how much they can increase per increase. Like for example you can’t go from 900 to 1800 that’s double. A more reasonable increase world be 200 dollars. No cap just reasonable increases.
If you’re over the age of 30, you don’t own a home and you voted liberal or NDP the last two re-elections, it’s literally true to say you asked for this. Nobody will ever remember or care but the current scenario has been talked about endlessly for at least 2 years in detail.
Housing starts need to be controlled like OPEC. One needs to only build enough to protect the housing price of existing home owners
Benefit of rent control -- my rent has increased by 15% over the past 10 years.
I don’t give a F*ck for newcomers. My concern is for Canadians, employed who cannot buy a home and facing retirement in a few years.
Because they hardly bothered to save or invest into their own retirements during their working years and are soon about to pay the price.
@@shauncameron8390The vast majority have other reasons for not having bought a home or saved. Divorce, medical problems and expenses, taking time off to look after elderly parents, alimony payments, disability, having been out of country for work - the list goes on and on. Maybe withhold your judgment and simply have a bit of compassion.
@minoozolala sadly, compassion and empathy are some of the rarest triats in humanity. They much rather judge and rate others as "dumb" to make themselves feel better, or smarter. 😢
@@respawnlock666
Compassion and empathy have their limits.
@@minoozolala
Not really.
No. Compassion = enablement.
we're thinking of getting a 2nd residence and renting out our current home and I am only going to consider renting to doctors, lawyers or accountants period. and I will do full background checks and will do checks on those checks. I do not trust tenants one bit these days.
A private space is intimate and vital, so a living costs crisis is painful.
Is that dog at 0:36 wearing a diaper? And what's with this "couple"? And the pink hair. God help us.
Are they actually a couple? I thought they were roommates.
Well, everyone is complaining about rent prices in Toronto but keeps living there and paying rent.. have u ever considered connection between high rent prices and high demand? Why ppl are keep living in Toronto if they cannot afford it? Canada has a lot of places to live, why Toronto? Everyone is keep saying “there are more opportunities”, really? Tell me how many months needs to spend in order to get a job there? What opportunities when 1000 folks apply for one job position?
This person doesn’t know what they are talking about. Most people do not have the luxury to just move anywhere haha.
Summer of 96' full studio $500 a month @ Church and Wellesley, times sure have changed
If you have a full time job, then not sure doing part time helps as your part time job after taxes would be close to nothing
Canada is the 2nd largest country on planet Earth WHY do people decide i'm going to move to the most expensive place in the country then complain about costs while there is thousands of other communities that have tons of homes in their price range ?
No jobs
.
Simple. No jobs. No services. No amenities.
Because they haven't figured out that in this day and age, you can work remotely and chill every day after 5 and every weekend. No rush hour traffic, no crazy prices. I guess some people will always think it's better to be a city dweller.
@@shauncameron8390 Tons of jobs in smaller cities and towns with great services and safe communities no drug gangs shooting up the streets and stabbing people for fun
@@two-sense Yeah, I wonder why construction workers don't just work remotely. /s
Why should I invest in rental properties when there is zeo support to landlords from government. If you have money invest in stocks or abroad.
It's shouldn't be this way. That's so sad😢
Bla bla bla. We cant afford ... bla bla bla... its impossible... .... Oh we have 2 dogs ???? A dog costs 25000 dollars a year in food and vet visits? Maybe money management is not their best skill.
@@johnnygoodman2003
Rent is the least of their problems.
Who can afford to keep dogs in these tough times, and they have 2 of them?
They could when they got them. It’s hard to get rid of pets once they become members of your family.
These fur babies maybe the only “children “ they ever have.
@AellaMaude-oy9qn You’re missing the point that people can get attached to their pets and not want to leave them behind.
Apparently you did not see the quotations around the word children.
You also didn’t notice the term fur babies. NO one actually believes they are their physical children.
It's like that spa where pay pay pay and then no happy ending
Free Northern Ontario !!!
just ban airbnb, and then there will be a flood of vacant rental properties
Air BnB is not the problem. Government meddling made Air BnB a thing.
But it's like that everyone in the world literally had relatives in Lyon, France complaining about rising rent, had relatives in Barcelona, Spain complain about rising rent had relatives even in Morocco complain about rising rent. I lived in the UK before Immigrating to Canada to explore North America living 50km outside of Toronto and pay $800 CAD for Renting a room it's doable, It's simple as finding a place outside Toronto to live I understand public transport ain't as good as Europe but owning a car in Canada is so, so, so much cheaper than owning a car in Europe!!! It's also figuring out finances like in this video they ordered lunch instead of buying produce and cooking at home which could run you further in money like fast food ain't cheap also owning a pet is expensive as well I'm not saying don't enjoy the spending of life but set aside finances for more important things like a roof over you head and running a car then if you have anything left over enjoy spending it!!!
@lajoiedevivre2957 everyone I asked said it was after Covid that all this happened so it hasn’t always been like this. Out of everywhere I lived in the world and to be honest it’s only North America and Western Europe I have to say life was easy and much more enjoyable in the UK. Had a lot of disposable income and it was cheap to live there had plenty of money left over to go out with friends to the entertainment complex or clubbing. I found life to be more difficult in America and Canada it was expensive, but the US was a little easier because of the higher wages but still much harder than the UK!!
Toronto is unliveable.
Moved there in 2015, when we could still find 1 bedroom apartment for 900$.
Left Toronto early 2023, with 1 bed at 2500$ on average.
This is nonsensical. But they continue to promote Canada as the Eldorado and keep bringing in a massive amount of immigrants.
This country is going downhill.
On another note : y’all are complaining about cost of living but can afford to pet two big dogs? Make it make sense 🤷🏽♂️
Are cats and dogs really necessary? Instead build friendship with humans.
It's lovely to have a dog or a cat. Humans are crap.
@@mirabella2154
Because a dog/cat won't stand up to you or call you out on your BS like humans.
Japanese internet cafe capsule hotels are available yet?
"I am working 80 hour weeks" - and then government takes 30% income tax from top part of the salary. Plus 13% sales tax. It's not worth working such overtime if you keep only half the pay from it.
Live below your means
Newcomers need to go to smaller towns. It's also easier to find work in smaller cities and towns. Stop all moving to the big cities...it's just one big stress on your lives.
People move to city because there is no fricking job in small town!
For what? Newcomers are not going to a place where they're not welcome or wanted.
i know a small town that is basically run by recent immigrants., because young people left when the factories closed. It's kind of neat seeing the new wave ( previously Irish, English, Itallian, Yugslavian) but I feel bad because they can't afford a house for their families, unless they pool their money & have several move in. Also, said town welcomes them. They just need to fix the bus system so they can get to work on time + not be stuck in the elements.
I can’t afford rent…proceeds to open take out meal.
I’m completely guilty of this as well, but my parents generation rarely ate out or went on vacation…just saying.
And talking about sacrificing two months rent for plane tickets. I haven't flown for about 10 years. I live mortgage and debt free. Different attitudes, I guess.
They split a takeout meal between two people. With the price of groceries that would likely be on par with cooking at home.
@@boomafoo9 If they'd split a small simple salad and sandwich they made at home, it would be cheaper. If you think that's not true, you probably have money challenges.
the greed of the older generations in canada is horrendous... young people cant afford a house let alone to have kids.
The key is the property taxes to be charged. If the city people live more in densities of high rises buildings, limited land could offer more affordable housing for people, more but less costly public services, more profitable business properties and public transportation becoming profitable too.
To achieve that, there must have a change of property taxes. High rises buildings should pay much less taxes than single houses, and the taxes be rated by the population densities and the property values.
kitchener is Full and thanks to these people. we cant afford anything either
Winnipeg isn't full. And there are thousands of other places in this huge country of ours that aren't full, either. Why limit your horizons, Cindy? There's a whole country out there.
Thanks to which people?
I live in Ottawa.
Two dogs?????? How much does that cost?
It was always like this..less income more expenses you get trapped in this vicious cycle of life where you have to pay the price to live peacefully that is why people come from all over the world to live peacefully if they recall.
Sorry but it has not always been like this, 30% was the rule to pay for rent from income which worked well until 2000 now we are screwed
@@bobinabuddy
But Canada had far less immigration then.
@@shauncameron8390 Not really, if you look at a housing graph going from 1970 to 2000, you'll see an almost perfect X-shaped graph of condos built vs affordable rentals built. The reason is that the generation before the boomers actually cared about future generations and made sure to build housing and infrastructure for the growing population. However as soon as the boomers started reaching the middle point of their careers, the opposite happened - they wanted luxurey condos for themselves to live in, and the demand for affordable rentals dropped drastically - literally at the same pace as condo construction went up. They didn't care that in 10-15 years their kids will be graduating from college and will have nowhere to live. It's not immigration.
We need more social housing but we just keep build non-stop condos and "luxury" rentals.
Because thanks to government taxes and restrictions, those are the only high-density housing developers are legally allowed to build with a decent ROI.
Honestly I want out of this damn country
Simple solution: reduce immigration, increasing housing
"You know what's funny, we ordered lunch" when we were at our apartment instead of making lunch
With the cost of food these days, no guarantee a home cooked lunch is going to make a big price difference if you can get a good deal on a restaurant meal.
@@Mlogan11 I do not agree eating out if over priced. Every meal at a food court these days is 15 dollars. I can make lunch for 2 people for a lot less than 15 dollars
@@rtimmins7212 Don't bother trying to convince them. They will always think their way of life is superior, or they wouldn't live that way. Enjoy your home-cooked nutritious meal, my friend.
@@rtimmins7212
Yet have to spend more than $15 just to get the ingredients needed for that.
@@rtimmins7212 I can make a 15 dollar takeout meal last 2 meals. no difference.
I would never miss a place like Toronto. So much chaos!!!
For those who complain about the rent cost, next time think twice before voting for Liberals.
housing is provincial ... its dougie he cut rent control, blocked the libs offer of money to create affordable housing, and dougie blocked min wage increases. his rich friends don't want to build affordable homes.. just mcmansions. dougie passed the buck to municipalities. dougie wasn't doing his job so trudeau stepped in dear.
We can even capitalize in the fact that 20 people living in the same mansion its like a tv reality show that can be viral like the show Jersey shore lol
our world is a total dystopia right now and I am praying for the best and humanity but hope is dying on the inside
Talking to yourself through your hands won't do any good lol
Don’t worry Christine Freeland has the answer lol just budget with a Disney Channel it’s easy peasy lol
Toronto is a global city, like New York or Los Angeles. The days of low cost rents are over.
Maybe we can stop/limit newcomers. Personally, I have NO passport. Never travelled. Cannot afford it.
Well, I have some savings. Since I have to save everything so maybe one day I can buy a home.
Yet, people want money for a trip back home. I want a roof over my head. Here.
The solution is to build communities outside the city and to not commute into Toronto. The problem is we're letting in tons of immigrants before we've built the infrastructure to do that. Immigration is great and necessary for us but we need to focus on building homes for them and people already here before letting the flood gates open.
I'm tryna move to Toronto from Montreal for school with my mother and brother, but this sht is so crazy, I keep telling my mom we should just move out the country altogether since we speak French as well. I'm at a loss.
and keep bringing in the immigrants.
Look 20people living in a huge mansion that cost 10k$ a month so if all 20 peach in 600$monthly we got total of 12k$ a month we be left with 2k$ for food or electricity bills thats why i say its simple to be living as a group theres so much advantage like socializing or more free time because we are all invole in the kerp the manson cleaned
But no privacy or personal space, conflicting interests, enabling people who just want to live carefree at the expense of others, etc. No thanks.
Impossible. That's the answer
If all the money people makes go to shelter, what about the rest of the economy?
Sometimes if the rent is not that high, the landlords could actually end up not being able to pay mortgage cause interest is so damn high. So everyone is struggling, even the landlords.
Being a landlord shouldn't be an occupation. It shouldn't be someone's main source of income. In pure economic terms it's canibalistic in nature and provides no tangible benefits to the economy. It's just a parasitic way for those who've had a good start via intergenerational wealth to take advantage of those who don't.
Yep. That's a risk they should have been aware of when they decided to make that investment. I have zero sympathy for landlords and I hope they continue to struggle and end up selling their properties.
@@redbandjack Selling it to who? The new landlords? Are you gonna hate on the new ones and hope they sell too? Hating someone just because they have wealth is just so pathetic. "Oh I don't have this so no one can!" I'm sure you would have loved to live in soviet Russia lol
@@redbandjack
Namely to corporate investors who'll turn those properties into the very luxury condos the working class can't afford.
@@VladiArdd
The same can be said for being a tenant. Time to take your future seriously and buy your own property.
This all could be solved by Trudeau but that would be coming from a real leader and not a traitor and liar.
3:30 if you are freelance and work remote, then why are you restricting yourself to living in the city? You made the decision to live in the city.
Interesting point.
Same thing in San Francisco!
I'm pretty sure the Gustav Klimt painting on their wall at 0:33 is hung sideways.
*Print. But yes, you are right.
Maybe that's how they like it.
This is why I want to leave canada. The cost of living is too insane now.
The future in question sounds very scary... like tf are we gonna eat plastic like is anyone not concerned the environment everything crisis,
Tell the government to stop giving money to other countries. And stop bloated government pensions. And no tax for income 50k and under.
Remember before covid when everyone was chanting tax the billionaires rofl. This is still their revenge.
Bully offers? I really want to live there and will pay more than you. Supply and demand.
And here I thought I was the only feeling the Inflation Pinch and Scarcity Anxiety around "affordable housing", facing some of the same trajectories and dilemmas these women articulate. And where are the Male rental seekers and our particular experiences/perspectives...? All Govt need to get back into building and making Affordable Housing their Business. We cannot simply sluff off the task of Fixing this problem to "Privatization" and the "Free Markets".
The Govt's misguided Immigration policies are also creating a great deal of Resentment.
Yes you can its government thats the problem, not the free market
Government made affordable housing costly and unviable.
Then freaking move. Toronto isn't the only place to live.
Accommodation in Montreal is affordable with some of the lowest cost of living expenses in the country. Yes, you'll have to learn French, but surely that's better than living like a peasant.
Living in Alberta is also a great option, high wages and low cost of housing. You have two options for great cities in Calgary and Edmonton.
You can buy a new house 30 minutes outside of the city for $400k in Calgary.
This kind of existence is unnecessary.
Location, location, location.
You dont know Alberta at akk
But that's negated by lower salaries and higher taxes.
@@shauncameron8390 - Lets not forget, you need French... Barely any jobs that pay well will take up Anglophones. Knowing just English in Montreal will hold your Career back significialy unless you are one of the few who work in International companies working in broad U.S/CAD markets.
That's why you rent someone who can pay big$$$$ and you pay for the landlord taxes, so enjoyed your stay in city's
Thats why I dont get....you don't have money but you can afford to have two dogs....
Maybe Canada should stop importing people to keep housing prices high and developers rich.
Government Housing across Canada should be fired to not have seen the chaos with rent prices….asleep at the wheel BIG TIME
If you can't afford to live in Toronto, move.
Probably can't afford to move, either. OOPS