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.
While he recently found a friend who will sublease him a place to stay, if that deal falls apart, he knows it will be costly. Her brother, who is juggling classes with a full-time job, often pitches in for whatever amount Ramisa can't cover after working 20 hours a week with her school's students union.
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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.
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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
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Students face surging rental market ahead of fall return to classes\u0027Everyone\u0027s panic signing leases\u0027
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Students face surging rental market ahead of fall return to classes\u0027Everyone\u0027s panic signing leases\u0027
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Students face surging rental market ahead of fall return to classesTORONTO — 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. After months of searching, the biology student thought she finally found a place in mid-July, but once she delivered a deposit and signed a lease, she discovered the landlord had taken on too many tenants. Hines restarted the hunt, but found the market even more heated, so she settled on an unfurnished place from the same landlord that was $100
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