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

  • 📰 calgaryherald
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 52%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Eight interest rate hikes in less than a year have left thousands of Canadians feeling like homeownership is out of reach for now — and maybe even forever.

After that, she began looking into buying land instead.

Simpson lived in London three years ago, when she paid about $950 in rent for a two-bedroom unit. A similar unit now costs about $1,500 a month, she said. Landlords weren’t comfortable renting to someone whose income isn’t uniform throughout the year, she said, especially when the heated rental market has more than enough steady earners prepared to offer more cash to snag a place.

Lagreou, who rents in Montreal’s Mile End neighbourhood, also worries that even if he finds a property within his budget, he will be outbid.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 64. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines