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submitted 1 year ago by girlfreddy@lemmy.world to c/canada@lemmy.ca

Canada's rental crisis is getting worse, according to a new report that found the average asking price for rent in September was $2,149 — up by more than 11 per cent compared to a year ago.

That's according a data analysis of tens of thousands of new rental listings across the country from Rentals.ca and real estate consulting and research firm Urbanation.

And according to the September report, average rents aren't just headed up — they're increasing at their fastest pace this year.

While the general national trend is pricier rents, the situation is playing out differently in individual markets.

Toronto remains one of the most expensive in the country, with the average cost of a one-bedroom property now at $2,614 a month. But the pace of rent hikes in the Ontario city has slowed considerably in recent months, and was down by 0.2 per cent from August's level. Compared to one year ago, Toronto rents are up by 4.9 per cent.

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[-] Jaytreeman@kbin.social 19 points 1 year ago

I live and am active in co-op housing in my area.
It's the only proven sustainable solution to affordable housing.
Any city in Canada, the least expensive housing is co-op housing.
There's virtually no discussion of co-ops in the media.

[-] eezeebee@lemmy.ca 6 points 1 year ago

How did you get into it in the first place? Was it advertised somewhere?

I have heard the term a few times but don't know much else.

[-] Jaytreeman@kbin.social 4 points 1 year ago

Easiest way is to look online for housing co-ops in your area. Unfortunately, there's very few spots that come available. The last time a spot in mine opened up was when a member died. That was 2 years ago.

[-] whoisearth@lemmy.ca 3 points 1 year ago

Yup they're everywhere and fucking impossible to get into. I remember there was one on south danforth in Toronto that was decades to get in or you had to "know someone".

[-] Jaytreeman@kbin.social 4 points 1 year ago

No wonder.
I've heard of a place in London that has apartments for less than $700

[-] Omega_Jimes@lemmy.ca 3 points 1 year ago

I was on half a dozen wait lists before I finally left Vancouver :/

[-] Grappling7155@lemmy.ca 4 points 1 year ago
[-] Jaytreeman@kbin.social 4 points 1 year ago

Land trusts in BC are often used to build co-ops

[-] twelvefloatinghands@lemmy.world 3 points 1 year ago
[-] LostWon@lemmy.ca 4 points 1 year ago* (last edited 1 year ago)

What co-ops are (time stamp at most relevant point, but it's a short vid anyway): ~~old link removed~~
correction: the time stamp was missing: https://www.youtube.com/watch?v=kWfbLPmOeTs&t=48s

More in-depth discussion of how co-ops could help Canada recover from the housing crisis: https://www.youtube.com/watch?v=sKudSeqHSJk

[-] PipedLinkBot@feddit.rocks 2 points 1 year ago

Here is an alternative Piped link(s):

https://piped.video/kWfbLPmOeTs?feature=shared

https://www.piped.video/watch?v=sKudSeqHSJk

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this post was submitted on 14 Oct 2023
94 points (98.0% liked)

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