“I have looked,” said Tucker, a 27-year-old project manager in the tech industry. “The only options that are really affordable for me for the next year are condos."remains out of reach for many. Apartment owners have noted on recent earnings calls that the share of renters moving out to buy homes is at record lows.
A recent report from Redfin suggests renters are more likely to stay put for the long run than they were a decade ago. According to the company's analysis of renter tenure data from the Census Bureau, almost 17% of renters stayed in their home for a decade or more in 2022, up from 14% 10 years ago. The trend was similar for those who lived in their homes for five to nine years — the percentage of renters doing so rose to 16% from 14%.
That has buyers like Tucker weighing their options. He found that he could reasonably afford a $1,600 to $2,000 mortgage payment, assuming he put 20% down — not too far off from what he spends in monthly payments for rent. With the launch or expansion of several professional women's sports leagues this year, not to mention the excitement caused by American basketball star Caitlin Clark at this year's March Madness, you might be tempted to say women's sports are having a moment. But don't say that. At least not to Carolyn Sutherland and Rhiannon Ware. To them, it's more than a moment. The pair are athletes, entrepreneurs, and students in Victoria, B.C.