'How are you going to compete?': Canadians grapple with tight housing market

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From single parents on the hunt for a place to raise their children to millennials just wanting a rental that won't cost most of their salary, these are stories of how Canadians are being priced out from coast to coast.

In New Brunswick, the high interest rates made 29-year-old Lauren Fitzgerald dramatically alter her home-buying plans.

"I used the money I had saved for a down payment. And hopefully I'll be able to get a loan that can build me a nice 1,000 square foot house," she said.Fitzgerald said despite the frustration of the experience, she is happy to be moving towards having a home of her own.'It's just wild'For the last two months, Kate Simpson has been looking for a two-bedroom rental apartment for herself and her two children in London, Ont.

Simpson, who worked as a personal support worker before getting pregnant with her son, said finding housing for her family would make her feel stable and secure so she can look for a job."I would love to just be able to work again and take care of my children in a peaceful place and not feel I'm relying on everybody else to do that for me.

In frustration, Anis bought a $7,000 Cartier watch, thinking "at least you have an asset on your wrist."Average Montreal rent: $1,848Alexandre Lagreou has been thinking about getting into Montreal's real estate market for about four years. Roett, who lives with his parents, has been actively looking to buy a two-bedroom condo in downtown Calgary for at least two months.

 

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No problem . l live at my Moms .

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