Over 100,000 short-term rentals could be homes: StatsCan report

Over 100,000 short-term rentals could be homes: StatsCan report

A new report by Statistics Canada shows the country’s total number of short-term rental listings increased by more than 60 per cent between 2017 and 2023, while the number of short-term rental units that could be used as long-term housing grew by more than 80 per cent. The report identified more than 100,000 short-term rentals that … Read more

US Woman Avoids High Rent By Living In A 1,100 Sq. Ft. Underground Bunker For $500/Weekly

US Woman Avoids High Rent By Living In A 1,100 Sq. Ft. Underground Bunker For 0/Weekly

A woman paying $500 a week to live in an underground bunker explains her choice of lifestyle – and it is not due to being a doomsday prepper. With skyrocketing rents, some people are getting creative to find affordable housing. Enter Caitlin, a California resident who’s embracing an unconventional living situation: an underground bunker in … Read more

Many Canadians in their 20s and 30s are delaying having kids — and some say high rent is a factor

Many Canadians in their 20s and 30s are delaying having kids — and some say high rent is a factor

Anna Smith would like to start a family. But she would also like more space for a baby, as the 27-year-old and her partner currently live in a 500-square-foot apartment in Toronto’s east end for $1,550 per month. Like many Canadians in their 20s and 30s, she says she’s realizing she can’t have both.  So Smith, a University of … Read more

Rent hits another record high in January as average asking price reaches $2,196

Rent hits another record high in January as average asking price reaches ,196

The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. According to data released Wednesday by Rentals.ca and market research firm Urbanation, the average asking price of rent went up by 20 per cent (or $373 per month) compared to rental … Read more

Surge in newcomers putting pressure on inflation via housing demand: BoC official

Surge in newcomers putting pressure on inflation via housing demand: BoC official

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more