Rentals.ca, a Canadian website for apartment rental searches, said the average rent for all Canadian properties listed on its site rose 10.5 per cent year over year to $1,888 per month in May. The average national home price topped $700,000 last month, up 41 per cent from two years earlier as mortgage sizes ballooned from Vancouver Island to Atlantic Canada, according to the Canadian Real Estate Association.
Meanwhile a falling unemployment rate is exacerbating labour problems for small-town retailers and tourist operators, edging down to 5.1 per cent in May and marking three consecutive months where the key metric reached a new record low. "It's not a little issue, it's a big issue. Because how do you grow the industry without access to the human resources that you need? All the way around we're really finding it hard this season. And it's not going to get any better; we're expecting tourism to grow."
A decade ago, the long-running housing shortage in the ski and hiking retreat of Banff, Alta., prompted Nancy Myles to set up Banff Accommodation, a for-profit outfit that rents communal spaces for three-to-six-month periods to workers who parachute in for gap-year employment.
Going to be fun to watch the collapse of the chattering class. If the worker bees can’t afford to live or come to work who ever will serve the elites
100 years of immigration there's no hope for Canada. Barack deported the most immigrants. 2 million? Deport 17 million ppl.