Quote:
Originally Posted by Doug
Better question: why are housing prices so high? Renting is the obvious choice in Canada given inflated prices.
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Quote:
Originally Posted by WhipperSnapper
Rents here reflect the skyrocketing home prices. It along with cheap debt is why developers are clamouring to build rentals for the first time in decades. Vacancies aren't near the 0% in the late 80s, early 90s that saw zero private investment in new units.
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I doubt that is the case. renting a room appears to be about half a minimum wage monthy income. From what I understand its been consistently this for quite some time, excluding the extremes.
If you contrast this with housing cost, where houses have multiplied in cost relative to the minimum wage.