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Originally Posted by osmo
You're out too lunch.
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Am not. AND I would greatly appreciate if you would not make an effort to seem like a complete jackass by starting your reply w/childish insults.
It doesn't take any longer to be respectful and explain your experience or point of view and provide citations to support it, if possible.
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I've been part of this demographic and have lived in basement apartments to a high of $900 in the desirable downtown west area of Toronto.
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That anecodote is great. When?
I went to University for less than $3,000 in first year tuition, doesn't mean anyone else gets to today.
I just did a search of
www.viewit.ca of available 1-bedroom apartments (including basements) and looked from the Humber River to south Scarborough up to Don Mills and Central Scarborough (south of 401, as far east as McCowan.)
Of units that actually listed the rent, I found a whopping 4 unit under 1k.
Of these, three were 'plus utilities' (which can vary widely but are typically around $125 per month, in my experience.)
There were others listed as 'call for $$' but I know from talking to those who have searched that these are often generic listings w/o any units on offer (big buildings) or lures to get you to look and like before stating a much higher rent.
The vacancy rate is under 1% that is not a balanced market, period, full-stop.
No Expert in economics or real estate will suggest different.
Remember, that's also for a one-bedroom, some people actually have children and require more space.
In Canada, the child benefit may assist w/this, but I'll tell you right now make that if you do that same search a two-bedroom, you won't find much under $1,500. The Child benefit isn't that rich for someone whose dirt poor, let alone someone who works 40 hours and makes over minimum.
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Did far too much of my money go to rent ? Yes, but living central let me work two jobs which made things fine. If you're low income you just have to give more hours to getting income versus others. You can't expect to work part time and live in Toronto.
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My friend works an average of 44 hours per week, on swing shift. He doesn't work part-time and doesn't need more hours.
He also earns a good deal more than the minimum, but he has a child to support.
Your attitude is really cavalier and assumes anyone who needs a place under $1,500 is somehow single, no kids, young, and apparently spending their time goofing off working part-time.
That describes a very tiny portion of those who would like or need more affordable housing.
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Also, tenancy protections are rock solid in Ontario. Your friend does not know the rules because it is very difficult to boot out a Tennant in Ontario. A Tennant can refuse to leave and can be put in a position to negotiate a break in the lease. If you truly like a place them there has to be proactive action to put forward a renew of lease.
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He knows the rules well, because I taught him and I've been to the tribunal before (and won)
The reality is that a landlord who says they require the unit to do major renovations can evict on those grounds. The landlord gave 90 days notice which is more than the law requires.
The rear of the home, an old enclosed porch, was being demolished and replaced with a permanent addition including adding to the basement unit.
The purpose was to bring the home up to area expectations.
That work has now been completed and his old unit (still basement) rented for $1,550 a month, notably higher than his old payments.
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The stories of people getting rent jacked up were due to living in condos where your landlord is not experienced and is beholden to thier own tight carrying costs. No experienced landlord operates in such a way to drastically raise rents which is solely just a tactic to get the unit free.
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There are literally 10's of thousands of renters in the condo market, because of the tight rental supply. Most of those landlords are inexperienced, often speculators parking their money. Lots are moving units into Air BnB market these days too.
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The new rent controls in Ontario have made it less affordable for me. I have no issue with rich people over paying to rent condos (some people pay $1500 to rent a room which is thier own stupidity, Toronto isn't NYC or DC). It was good to see them over pay while the rest of the housing stock remains modest in rent. Now that is gone each landlord is jacking it up beyond what is reasonable when they get a vacancy. Nobody wants to point out that media rents have gone UP since rent controls were implemented on all units. So that is what people get for being ignorant to the market and how it operates. Everyone is paying more now due to bonehead policies.
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Would you kindly look at the graph in the link below....and note the rate of rent increases for the last decade or so.........rent was not flat-lining before the new rent control measures
https://www.torontorentals.com/blog/...nto-since-2000
Note that these are 'average rents' paid and not vacancies on the market.
Rents are not increasing faster than they were in 2018 according to anything I can see, but I'll gladly accept any facts you have that are contrary.