Sky-High rent shock in Toronto leaves reporter with no fixed address
ฝัง
- เผยแพร่เมื่อ 20 ก.พ. 2017
- CBC Toronto's Shannon Martin rent shot up nearly $1K a month, now she bounces around between family, friends.
To read more: cbc.ca/1.3985771
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i own 2 apartments downtown Toronto and i have never ever raised rents on my tenant. The reason is because, if i doubled the rent, i'll make an extra $3K a month. $3K a month is not a life changing amount for me, but it will destroy my tenants' lives. I wouldn't want someone to destroy my life, so why would i do it to someone else??
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.
If an employee at CBC is struggling to live, it doesn't give the rest of us much hope.
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.
60% HOUSING + 20% FOOD + 15% UTILITIES + %5 TRAVEL COSTS = SLAVE.
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.
Are they finally talking about this because it hit their own staff?
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
And this is exactly how I became homeless for 5 years, living in my car. This is happening everywhere. I'm from San Diego, CA, and had to move 1000 miles away to the middle of nowhere to find affordable housing. After 4 years of residence in this small town, our rent was TRIPPLED with a 30-day notice! Greed is rampant. The governments of Canada and the United States need to do something! Not all of us can be millionaires from China.
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
Net incomes are years behind inflation and costs of living .
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
I'm not waiting for someone to fix this, I'm out. Bye Toronto. This is beyond ridiculous, an insult to all the people who work hard here.
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!
If you can't afford shelter, you don't earn a living wage.
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
She basically told CBC that she gets paid a crap salary. That was slick! Give this woman a raise!
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.
"I make a liveable wage" - without a roof over your head...not in that city...
I commend her for being so honest and transparent about this because it’s not easy. Gives an introspective input on what it’s really like in the GTA
Affordable housing is a myth pretty much everywhere. Not just Toronto.
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
What's crazy is that you actually had a Lake front apparentment, Toronto apartment for 1600 to begin with.
The Random TH-camr That’s probably why the rent increased more than 50%. The landlord realized his/her mistake in asking for such a low rent price.
it's not just in Toronto Vancouver the housing market and rent rates are ridiculous
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
It's now 2020 and this was made in 2017...I cant imagine the cost of rent on that same apartment today.
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.
One word: "GREED"
Wow! This is not, as they say, 'sustainable'.....it is just greedy and shame on people who gouge home-seekers.
The spikes in rent arent only in waterfront and downtown.. Unnecessarily high rent costs are occurant around Brampton, Oakville Mississauga or cities surrounding the gta.
Im a young retail worker trying to save up for college but trying to pay rent and bills on top of a min $500 rent for a ROOM is not ideal for healthy living.
Also! If there happens to be affordable rooms on the market the renters are extremely discrimitive towards potential tenants who are not their prefered race.
I hope the GTA steps up for people who are trying to get their start in life and build more affordable housing.
You didnt bust out the womb paying mortgages, why do you think we can?
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!
Shannon thank you for being so honest and open about it. It a problem all of us young people face now and it does not seem to be going away.
T Th his is happening all over. Real estate greed has become a huge problem with citizens everywhere.
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
We need to start buying trailers and live in it everywhere.
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
sociopathic greed is all this is. laws need to be made for these types of people. disgusting
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
To rent a basement apartment is now $ 1200 to start.
My apartment is $450 ..
@@SuicideRedemption where is that please.
That's incorrect, it's $15-1600
@@angelefigueira9065 in Washington state
@@SuicideRedemption thanks
I would have given her my couch. I've been through this too many times.
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
Toronto is unlivable. It's been for years. Consider the minimum wage: $11.25. Extrapolate full time hours = $1800 a month. Very difficult to find a bachelor less than $1000 (even this is below average). Then you have your grocery bill, internet, phone, transportation, gas, hydro... It is an untenable situation. It is not realistic to say, "move out to the suburbs" because it takes longer to get to the multiple jobs you're juggling to stay afloat - and it isn't much cheaper in Etobicoke or North York anyway. It is deeply exploitative and ethically wrong it is to demand people service a society can not afford to participate in. Talk about classism! Besides, from what I've seen the rentals out in Etobicoke are just bigger for the same prices. Nevermind trying to save some money to improve your lot in life. Something needs to change, because this place is a breeding ground fro social discontent.
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.
Rent control protections need to apply to all rental properties. Point blank.
I’m from Ontario, living in Alberta now...
And all I know is Toronto is the WORST place to live in. So what if you have a job, what good is it if all you can afford if a roof over your head. Aren’t we supposed to be saving to retire?
How about not spending $2000+ on a sub par apartment just because it’s 20-30 mins from downtown.
I HATE THE CITY OF TORONTO! 🤮
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 🙄🙄🙄🙄🙄🙄
Lady should have a roomate! No one should spend 60% of their income on housing.
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.
She’s walking distance from work. Couldn’t she just move a little bit away from the city centre, where there are rent control laws?
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.
Dreadful events all over the world. London is even worse and I cannot see the end to these levels of greed
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
How do McDonalds employees survive in these big Cities? Surely there must be someone in Toronto to serve you your Burger?
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
WHY DON'T YOU ADOPT THE RENT CONTROL OF QUÉBEC OR SIMILAR TO PROTECT PEOPLE WHO RENT?
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(?)
She just needs to move out of downtown and commute. Everyone else does it.
I can't give my 2 daughters there own room because the rent is to high. It is absolutely ridiculous
You can thank the BANKERS and REALTORS.
Banks keep approving real estate loans for unrealistic SPECULATIVE PRICING ....as it increases their PROFITS !!
Same deal with Realtors.
Land lords are only 1/3 of the equation.
It amazes me how the business community thinks that the consumer is a never ending fountain of money .. its gonna end shortly .
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.
But you're supposed to stay b+positive and love your neighbors and look out for your fellow man but when I open my eyes all I see is greed and hate and people taking advantage of people
🤣🤣🤣🤣🤣🤣🤣🤣
Something must be done.
Shameful.
I want to know why you have to live in a new condo along the waterfront to be considered not homeless
Can you imagine what it's like for people making minimum wage. How come no one reports this for them.
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.
I dont see the draw of wanting to live in a city that literally smells like human waste
😂
If u work there and live outside could cost like 3k for commuting.
What I find personally really disheartening is that this is causing a major spillage of people from Toronto moving to nearby towns and cities like Brantford because it's better pricing than what they have but it's causing the rent to go up so much in these other towns and cities making it extremely difficult for anyone living there prior to this that doesn't own their home. Rent has gone up so high that working fulltime isn't enough to rent a one bedroom plus utilities anymore.. And being single with kids? Forget about it, they won't even consider you because you have one income and they can afford to be choosy with who they rent too because of the influx.
If 60% of the reporter's paycheck is going to an apartment, That she doesn't own. She should consider owning a house instead.
She is financially illiterate......
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.
It’s not the landlord but the city! Let me do the math for you. Annual property tax of a downtown condo 2b2b is $3300/year plus mortgage that will cost roughly $2000-$3000/month, monthly maintenance fee is $600/month. Say if no appliances breaks down for the year. You are looking at almost $4000/month fixed cost. Tell me how the landlord survive without charging that much rent.
"Learn to code" I heard that on the interwebs lol.
Similar situations in Orlando.
About 5 years ago I was paying $750 for a 2 bedroom apartment and up to November this year I was paying $2000 after all the annually increases from the past years. Last month I had to find a $1300 apartment that is garbage but it's all I can afford. 2 adults working full time can't barely make it now in this city.
That’s basically all of the US.
Similar story with Stanley Roberts of TV station KRON4 in San Francisco. Worked on the job 20+ years and now can't afford living expenses. He moved to Arizona.
This is why I live in my camper van. I can have the freedom to do whatever I want with it and save tons of money.
just came from watching american news.. man Canadians are just.. calmer..
Lol absolutely
Marijuana is legal. And given the scenery...
Vancouver is just as expensive as Toronto. It's almost impossible to find affordable housing for regular working people.
No. Vancouver is even worse.
Homeless rich people. Dont make eye contact with strangers in Toronto.
The interviewer is being very sweet and considerate. The lady with the rent issue doesn’t have to live down town or on the water.
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.
Are these people mental?? It's called LIFE! Live within your means, go somewhere cheaper to live!
She could have found a cheaper 1 bedroom apartment if she moved uptown......obviously a water front condo apartment in downtown Toronto is going to be expensive
Renting prices all around the south and eastern areas of ontario are overpriced.
I live in the Kingston area and just room rentals are ranging from about $600-800 a month, 1 bedroom rentals are $1000-1800 and everything goes up from there.
I luckily had some connections and found a room rental in the country 10 minutes from the city, beautiful 1800s stone home, I got a giant bedroom, free internet, TV, everything included for $400 a month. I'm thankful because I have a tough full time job earning min wage.
Prices for everything goes up, but our wages done.
We had rent controls which came to a end because of the claim there was no incentive to build rental properties. Now that the rent controls are gone for buildings after 1991, we still don't see a lot of rental properties being built. Most rental stock has come from condo investors who can charge whatever they want and raise the rent as much as they can with each new tenant. It's now open season on renters as this story clearly shows.
I’m on a fixed income.. I can’t make anymore I don’t have a choice. What about us? What about the elderly or the disabled?
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 you think that Toronto is expensive there, it's *_even worse_* near where I live in Canada: Vancouver has the most expensive rent in all of Canada because of the sky-high housing prices, and Vancouver has the highest housing prices (to own a home) in all of the Americas!!!
If this keeps up, only rich people will have homes to go to and poor people will have to sleep on the sidewalks.
This is why I left this overrated city
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.
That’s why I moved away from that insane city
You can buy an appartment for under 400k.....but its in jane and finch 😱
Is full body armour included with the purchase?
finally some light jn the RIDICULOUS TORONTO HOUSING PROBLEM. .when will you people start to riot and protest about that..something that actually matters. .Cost of living is rising so high it's unbelievable...kudos to this lady for speaking up and sharing her experience.
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!!!!!!
The problem is rent control, not the lack thereof.
I moved from Chicago to Toronto two months ago and I can tell you that Canada is way too much appreciated in the US but in reality it is not worth it. In the US, wages follow the cost of living in the respective city. I was making ~90k in Chicago and I was having a good life. I had good range of rentals that I pick from based on what lifestyle I want. I lived in a beautiful 1BR condo in $1000. I had job offer from Manhattan where cost of living is higher than Chicago and so my offer was of $150k. Makes sense. Unfortunately, visa mess happened and I ended up in Canada. Here I am making 90k like Chicago but expenses are of NYC. Rentals are so freaking high and most of the rentals are basements. If I want a condo similar to the size and neighborhood I had in Chicago, it would cost me at least 2500 cad here. That's ridiculous. Canada is a scam and govt. here is just have one thing to boast about that we have free healthcare which again is a ridiculous thing considering the waiting times are in months. The limited tech industry Canada has will disappear the day visa problem is solved in the US for Indians because only Indian techies like me crash land in Canada due to visa problem. Govt. here is not giving a damn on building houses for so many immigrants coming to Canada every year.
Blame the easy money from Chinese investors....they're buying property as a safe haven for their money...buying at exorbitant prices n then squeezing the tenants...one solution I see is to use the taxes collected to encourage more building activity...lots of more building and infrastructure (like public transport, parks, etc)...supply and demand
Ban chinese investment is the real answer! and if they do buy..they need to be required to shut down there chinese accounts and live and work in the province and work for a employer in BC canada.
Kay Flip That's funny, I am a Wall St Economist and I agree with the person you are criticising- Chinese investment has been driving housing prices higher. It's happening all over North America.
Easy to be rich in china when you're slave driving and using illegal tactics. We could be rich too if we were raised to be soulless bastards
Damn baby boomers really did have it the best out of every generation to walk the planet
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!
I think there should be a government body, from which you need to get an approval for maximum chargeable rent for a property
How could you pay 2600 for an apartment? I can pay around 1500 for a comfortable apartment in downtown Montreal and my salary is even higher than my colleague in Toronto. That's insane! So insane!
I feel for these people on Toronto and Vancouver. It's depressing to think that homes are out of reach. If a person can land a job in Winnipeg, houses are still affordable here.
Why has housing gone up everywhere? It's pure greed! Most of a person's wage now from at least one pay period goes to rent!
Yes people in 91st Ozone Park NY 11417 rent their BASEMENT for 1100 per mth. They dont give any money to taxes and their tenant dont get much heat, they want the tenant not to be at home, its like living on the road and giving rent to landlords, they dont want the tenant to use water, light but collect their money. Please get authorities to check 91st street in Ozone Park and close down those basements
This is a very similar situation to me. Thank you for wording it so well.
So glad I bought in Scarborough in 2001. My mortgage is the same as I pay to Rogers for cable and Internet. I work from home full time, so commute is not an issue.
you got to pay me to live there another Brampton FFS !
Toronto is a left leaning city...go figure that the people come last. This is what happens to hard working people by parasites who know they can enslave anyone as they please. 5 million for a 2 bd rm home anyone?
greg mac Money doesn’t care about political leanings. Right or left, EVERYONE wants to get paid.
Having no address or a place to call your own can cause massive issues mentally!!!! I’m going through it right now and it’s not good...
Me 2
Wow, this is such a problem in so many places. I'm in US and the cause always seems to be the same, greed and lack of rent control. In San Francisco landlords got around the rent control laws on older buildings by knocking them down and putting up new buildings with rents skyrocketing. Homelessness has increased and people like young lady in this video living in frat house type of housing environment because that is all they can afford. Something has to give, this lack of affordable housing for so many creates so many problems and it's repercussions are huge.
3years and rental increase is spreading like the plague
It's not only in Toronto .. it's everywhere .. We live in San Diego .. the rent spike $600 a month from previous year. A friend of ours live in LA, the same thing happened to him, rent is up $700 a month. I can't imagine how the rent spike in San Francisco, Seattle, Vancouver BC, New York, etc. It's totally insane !!
Your right...rent has been skyrocketing in seattle and rents been skyrocketing causing homelessness and causing genrification. MANY californians that make less then 50k are leaving the state....they cannot afford it.
Agenda 21 is in the work ..
This sounds like 1929 all over again.
Lol I love how the reporter beside her thinks she makes a good wage
I think that was to dodge away away from the fact she's homeless. Far too many people find "homeless" synonymous with "unemployable" or "lazy" or "degenerate" and the show probably didnt want the public associating one of their employees with those thoughts.
She does. That's the point of this clip. Shes names enough. But people are being creedy
1650$ is way too pricy already! They should all find work in other cities.
We need to de-comodify housing.
so sad to see in Toronto
That’s pretty sad. However, she has many options. Our transit system is pretty good. She can always move to Etobicoke, and get a place near the Kipling station. Rent isn’t as bad there.
our transit system is outdated.
The transit system that's always stalling? Or the go train which the track freezes in the winter?
She lost me when she said “will we have to commute to work?”
Is that a joke?? It’s a privilege and a HUGE luxury to be able to do that lol it’s not your right most people have to take the TTC, go train, or use a car to get to their jobs lol
If you’re budget if 1650 for rent there are a ton of places a 30 minute ttc ride away from the downtown core
this is to move the poor. To herd them together where they want them. away from Prime Real ESTATE.
$1,650 is 60% of her income.
Meaning she makes $2,750/mo or 33 thousand a year.
Well that's the problem. I make more then that and I work a mile from apartments that cost $400/mo.(a quarter the price)
33 after tax my friend
@@Vova-ry3zf apartments aren't deductable.
@@kkknotcool all im saying her wage is more than 33k, 33k is what she gets after tax, her wage is maybe around 45000 a year
@@Vova-ry3zf Right, but my point is how much she pays in tax doesn't factor in here, anywhere. .
1650 60% paycheck，2750 a month is good payment？
I live near waterfront in Toronto and the house next to me sold for over 800,000. It was a hoarder situation infested with rats and mice. The roof falling apart a real eyesore. 800,000!!! My house is my retirement. Saving anything while living here is a joke!!!
Try it being on ODSP...
Still happening now in the USA
In 2020
No place in the US is like that (sky high rent, mediocre salaries ).
Welcome to Toronto, lower your expectations in life and be prepared to pay more foe everything.
Why hasn't the City put in a law to stop rent increases for the new Building's. Disgusting.
Because rent control = shortages, no new housing built and new renters locked out of the market.
I'm in Calgary, it's no better. People with rental properties expect every couple renting is making six figures and our mayors answer to everything is to raise property taxes.
People with rental properties in Calgary all declared personal bankruptcy or walked from all their former properties leaving the keys in the door.
Not living in Toronto myself, but can someone who lives there explain this desire for free market intervention in Toronto? The market is either free or it isn't, supply and demand. If a landlord thinks they can make a living charging that much, why should people have a right to interfere? Its between the landlord and their customers. And if the landlord is way off base here, an empty unit will quickly convince them to change. If it isn't empty, well maybe the price is appropriate. I don't get the rage.
MonkeyspankO You are exactly correct. People are basically pissed because wealthier folks are moving to Toronto and are willing to pay higher rent to live there. Its laughable that people think a landlord should be forced to rent their property to someone who wants to pay a lower rent.
A 1 bedroom apartment in Toronto is $1800.00. You can get a 4 bedroom house an hour away from downtown for this same price. Crazyy
Simple solution. Leave Toronto. Did it 20 years ago and best thing I ever did.
I am not able to find a reasonable space. HELP.
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
All due to the lack of government oversite.
I saw an advertisement in a magazine for a new apartment building in the Avenue Road/St. Clair Avenue West area of Toronto. One bedroom units starting at $3,500. Insane.
Just live near a subway station away from downtown. 1k a month + a bus pass you will be spending much less than the 2,600. But what do I know....