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February 24, 2024, 04:44:52 am

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Common Tenant Problems - Rent

This section is for renters to discuss issues regarding Paying your Rent.

In addition to this forum there are some terrific information resources available on this topic:

If you are Having Trouble Paying Your Rent...

If you are having trouble paying your rent then you may be able to find help from the Toronto Rent Bank.  The rent bank provides interest-free loans to qualifying individuals.

Neighbourhood Information Post (NIP) also provides financial help to people in need.

The City of Toronto also has some applicable information here: Get Help Paying for Housing.

Author Topic: Globe: Average rent in Canada hit $2,178 in October, the sixth month  (Read 10344 times)

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Sorry that this article is behind a pay-wall, but for those who can get it...

Average rent in Canada hit $2,178 in October, the sixth consecutive month of all-time highs

Toronto was the next highest ranked major city at $2,607 for a one-bedroom and $3,424 for a two-bedroom.

“I get asked all the time, ‘How are people affording this?’ The answer is they’re not,” spokesman Giacomo Ladas said.

He noted a major factor driving up rent prices is the trend of fewer people looking to become homeowners, given the continuing climate of high interest rates. One-third of Canadian households are renters, the rate for which is growing twice as fast as it is for homeowners, he added.

“People are not moving out and going into the home ownership market because they can’t with these rates,” he said.


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