Why some Toronto renters say going out into the market right now is 'truly terrifying'

  • 📰 CBCToronto
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

CBC Toronto has asked you to tell us about your rental experience. So far, hundreds have responded to our callout, with many saying they can afford their unit but are worried about losing it or finding somewhere better.

Some respondents told us they feel stuck, while others are worried about the future they envisioned for themselves and family.

Ideally, Jassmann wants to leave the city for somewhere smaller. But she's finding rental markets outside the city are no better and ownership is unattainable.Understanding Toronto’s rental market pain pointsToronto’s rental market has several pain points. CBC Toronto’s Shannon Martin speaks to several housing experts to better understand how Canada’s largest city has been pushed into a rental crisis.

George Freeland-Haynes is 16 years old and shares a basement apartment with his mother where he's lived since he was a couple months old. "The idea that I was going to be spending the first four months of [school] without necessarily a place that, a home that was mine, was admittedly scary."Nemoy Lewis, an assistant professor at the School of Urban and Regional Planning at Toronto Metropolitan University, said this issue is not a new one for some communities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 51. in BUSİNESS

Business Business Latest News, Business Business Headlines