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.

  • @fsxylo
    link
    English
    1910 months ago

    Seriously, who tf are they renting to? There aren’t that many rich people.

      • MinusPi (she/they)
        link
        fedilink
        English
        7
        edit-2
        10 months ago

        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?

        • @[email protected]
          link
          fedilink
          English
          210 months ago

          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.

    • Schrodinger's Dinger
      link
      fedilink
      1710 months ago

      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.

      • @fsxylo
        link
        English
        610 months ago

        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.

            • Schrodinger's Dinger
              link
              fedilink
              1
              edit-2
              6 months ago

              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.

              • @[email protected]
                link
                fedilink
                16 months ago

                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.

      • @[email protected]
        link
        fedilink
        810 months ago

        It is to most if you’re oberying the 1/4 rent rule. That means you’re making close to $100k/year, and that’s a lot for a lot of people.

          • @[email protected]
            link
            fedilink
            English
            310 months ago

            Well, many US landlords do a 1/3 rent rule. And I’m hearing about some doing 1/2 rent rule. So, I guess not. But they are looking to consume as much of your income as possible.

            • @[email protected]
              link
              fedilink
              -2
              edit-2
              10 months ago

              I’ll tell them to their face. That isn’t rich. I’m not arguing the money doesn’t make a difference, I’m arguing that isn’t rich. Terminology matters, and someone making 50k is in the same classification as someone making 150k from the perspective of the actually rich. Being rich means having wealth.