Students face surging rental market ahead of fall return to classes

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Some of the surge is attributable to a rebound in immigration rates and people returning to city centres for work

TORONTO — When Meaghan Hines moves into a rental apartment ahead of her fifth year at the University of Waterloo in Ontario it will be a massive relief.

Hines’ experience is a sign of a surging rental market, raring back to life after the first two years of the pandemic saw landlords slash rents and offer incentives to keep tenants. Research firm Urbanation recently reported falling vacancy rates in Toronto in the second quarter pushed up the average rent to $2,533 with a record high of $3.57 per square foot, up 5.9 per cent in the second quarter compared with the first.Rentals.ca found average rents in Canada amounted $1,934 in July, an increase of 10.4 per cent since last year and only $20 below the pre-pandemic peak of $1,954 in September 2019.

"I'm going to have to negotiate even harder for a higher salary or look for a co-op that provides more just because I don't think I'll be able to keep up with the rent," he said. "Since I work night shifts, there are times I was there until 4 a.m. and the next morning again, I had to go to school," she said.

 

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Students face surging rental market ahead of fall return to classesThe market is seeing the usual influx of first-year students along with upper years swapping homes, but also a wave of people itching for places of their own, after living with their parents when the pandemic struck and classes were remote.
출처: TorontoStar - 🏆 60. / 55 더 많은 것을 읽으십시오 »

Students face surging rental market ahead of fall return to classesWhen Meaghan Hines moves into a rental apartment ahead of her fifth year at the University of Waterloo in Ontario it will be a massive relief. Anyone born after the early 90’s really is paying for the clown show leaders of the past and present… Get a job Stay home commute ...study at uni nearby Ottawa Hamilton Toronto or one of the colleges
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

Students face surging rental market ahead of fall return to classes\u0027Everyone\u0027s panic signing leases\u0027
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »

Students face surging rental market ahead of fall return to classesWhen Meaghan Hines moves into a rental apartment ahead of her fifth year at the University of Waterloo in Ontario it will be a massive relief. Anyone born after the early 90’s really is paying for the clown show leaders of the past and present… Get a job Stay home commute ...study at uni nearby Ottawa Hamilton Toronto or one of the colleges
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

Students face surging rental market ahead of fall return to classes\u0027Everyone\u0027s panic signing leases\u0027
출처: financialpost - 🏆 7. / 85 더 많은 것을 읽으십시오 »

Students face surging rental market ahead of fall return to classesThe market is seeing the usual influx of first-year students along with upper years swapping homes, but also a wave of people itching for places of their own, after living with their parents when the pandemic struck and classes were remote.
출처: TorontoStar - 🏆 60. / 55 더 많은 것을 읽으십시오 »