2年前

Canada's landlords now asking a record-breaking average of $2,078 per month: rental report

www.ctvnews.ca Canada's landlords now asking a record-breaking average of $2,078 per month: rental report

According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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Seriously, who tf are they renting to? There aren't that many rich people.
- People are spending most of their income on housing
  
  I'm American, but I can't find a place to rent that doesn't demand an income of 3x rent. Is that not a thing in Canada?
  
  When I was renting, places were looking the combined income of everyone living there (and any personal guarantor(s)) was at least double the rent, or that you had a long rental history that showed that you could pay.
- It's simple! For me I either have to pay that much, be homeless, move to a tiny shitty city with no work in my field, or spend a year trying to find a decent place that isn't totally unaffordable while thousands of competing potential tenants do the same to renters with vacancies. So fun!
  My landlord upped my monthly rent $600 bucks this year because he's a cunt and knows I have no fucking choice except to pay him.
  
  I had another comment typed before I realized that they don't need to fill every room if they have a small fraction paying their rates.
  It's fucking f2p whale economics without the f2p. Nothing against you.
  
  Huh? Which province?
  
  Sorry I'm late with this response, but Alberta
  
  Well, how'd they up the rent by $600? Is there no rent control in Alberta?
  
  Calgary is one of the best places in North America .. for landlords. Tenants have basically zero protections here. Every time my landlord does something shitty and shady I look up the law and landlords always have the upper hand.
  All I got was a letter stating that as per my lease agreement, my lease is over and I would have to move out by the end of the month (which was a little over 2 weeks away) or reply to the letter to accept the $1800 (previously $1200) rental price.
  Example: Have bedbugs? It's your landlords responsibility to get rid of them. If your landlord doesn't? You can move out. That's what the law states, even though it states it's your landlords responsibility to get rid of them.
  
  Damn. Alberta is really crap. But I've heard that in cities at least like Edmonton or Calgary at least the supply is there for housing.

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