Real Estate

Toronto rent is skyrocketing

  • Last Updated:
  • Feb 18th, 2018 7:13 pm
Tags:
Penalty Box
User avatar
Aug 11, 2005
3638 posts
1009 upvotes
Applesmack wrote:
Feb 13th, 2018 8:55 am
https://www.ecojustice.ca/why-its-time- ... -to-water/

Correct water is not a human right. Please show us where it is defined as a human right here in Canada.

It is hard to believe that these injustices still persist in our country. It’s even harder to believe that although 181 of the 193 countries in the United Nations support a human right to live in a healthy environment – which includes access to clean, safe drinking water – Canada is not one of them.

Also water has nothing to do with real estate.
It’s a universal human right, applies no matter what the country or government says. Try removing access to water for all your citizens and see what team America world police does to the government.
Deal Addict
Feb 22, 2011
2604 posts
2391 upvotes
Toronto
Luckyinfil wrote:
Feb 13th, 2018 8:55 am
I don’t know which country you came from but in Canada we take care of one another.
Taking care of someone in need is one thing, taking care of someone because they're lazy is another. Also if you think the government cares about poor people take a look at TCHC, there is a wait list over 100,000 people long and the properties they do have are in shambles. You're just falling for some PR BS they spin out to get votes. They don't care about you. Actions speak louder than words. Even this housing plan and min wage had nothing to do with helping poor people, they're doing what they perceive helps the economy and gets them votes this year.
Jr. Member
Jul 8, 2017
174 posts
133 upvotes
NA
EEE2 wrote:
Feb 13th, 2018 8:56 am
What is the average rent in Toronto these days?
A 1 br condo is at least $1500 and even basement suite is getting close to 1k per month, I am sure the market is very balance.
[OP]
Sr. Member
Dec 23, 2010
940 posts
382 upvotes
Moon
Silver1234 wrote:
Feb 13th, 2018 9:04 am
A 1 br condo is around $1500 and even basement suite is getting close to 1k per month, I am sure the market is very balance.
Honestly due to risks being taken by landlords when renting it should be significantly higher.
Deal Addict
May 12, 2014
1066 posts
544 upvotes
Montreal
Luckyinfil wrote:
Feb 13th, 2018 8:25 am
Homes are primarily for living, not making a profit off.
Why stop at landlords? I completely agree that construction workers should work for free. Repairmen too.

And food is for eating. Farmers should work for free. Or just be government employees.

And it's cold in Canada. Everyone should have a basic freely issued winter coat.

Of course all doctors should also have fixed salaries. These should be low salaries so that we can afford to hire more doctors. Doctors get enough job satisfaction from healing people, they don't need high salaries.
Deal Addict
Feb 22, 2011
2604 posts
2391 upvotes
Toronto
Silver1234 wrote:
Feb 13th, 2018 9:04 am
A 1 br condo is at least $1500 and even basement suite is getting close to 1k per month, I am sure the market is very balance.
You can look back a few years on this forum and see dozens of people saying RE is too expensive because rent is so cheap. Now that rent is catching up rapidly people are surprised. Of course no one will admit they were wrong for years and that rent could actually in fact catch up.
Deal Fanatic
Feb 9, 2009
5235 posts
2673 upvotes
Here's a suggestion --if you cant afford rent, MOVE OUT! Or get a roommate!

So many places in Canada where it's cheap to live... no one gives you the right to be able to live in Canada's biggest city for a low price... Toronto is just moving along with other major cities where rents are going to be higher and higher.

If people truly couldn't afford the rents, then we would have high vacancies. Continuing to interfere in the free market is going to make things worse and worse simply.
Penalty Box
User avatar
Aug 11, 2005
3638 posts
1009 upvotes
FrancisBacon wrote:
Feb 13th, 2018 9:09 am
Why stop at landlords? I completely agree that construction workers should work for free. Repairmen too.

And food is for eating. Farmers should work for free. Or just be government employees.

And it's cold in Canada. Everyone should have a basic freely issued winter coat.

Of course all doctors should also have fixed salaries. These should be low salaries so that we can afford to hire more doctors. Doctors get enough job satisfaction from healing people, they don't need high salaries.
The same concept applies to all those things, the only difference is that there are more alternatives for those compared to housing. As an example, take a look at hydro one and electricity. Imagine if hydro was completely privatized (ie: owned by the rich) and there was no energy board to approve price increases. What do you think will happen to prices? When they increase 10 fold, do you think people will pay it happily? There's a reason essentials are not commoditized and should be strictly controlled by the government.
Jr. Member
Jul 8, 2017
174 posts
133 upvotes
NA
rjg4235 wrote:
Feb 13th, 2018 9:28 am
You can look back a few years on this forum and see dozens of people saying RE is too expensive because rent is so cheap. Now that rent is catching up rapidly people are surprised. Of course no one will admit they were wrong for years and that rent could actually in fact catch up.
If you make 50k, your net income is around 3k per month and $1500 will be gone to rent, i don't know if it is good news at all.
Deal Addict
Feb 22, 2011
2604 posts
2391 upvotes
Toronto
Silver1234 wrote:
Feb 13th, 2018 9:47 am
If you make 50k, your net income is around 3k per month and $1500 will be gone to rent, i don't know if it is good news at all.
People will either live with a partner or room mate, not that uncommon. That or dwellings will get smaller. We are already seeing condos become a bigger and bigger portion of housing in the city.

They need to intensify, we can't afford to build roads, schools, hospitals, and fire stations 100km in every direction.
[OP]
Sr. Member
Dec 23, 2010
940 posts
382 upvotes
Moon
Luckyinfil wrote:
Feb 13th, 2018 9:43 am
The same concept applies to all those things, the only difference is that there are more alternatives for those compared to housing. As an example, take a look at hydro one and electricity. Imagine if hydro was completely privatized (ie: owned by the rich) and there was no energy board to approve price increases. What do you think will happen to prices? When they increase 10 fold, do you think people will pay it happily? There's a reason essentials are not commoditized and should be strictly controlled by the government.
There are houses in parts of Canada you can buy for under 50k. Hell in this town you can buy land for $500:

https://www.ctvnews.ca/canada/ontario-t ... -1.3613729

Plenty of alternatives. There is no alternative for electricity. There is no alternative for a doctor. There is no alternative for a warm coat and there is no alternative for food.
Penalty Box
User avatar
Aug 11, 2005
3638 posts
1009 upvotes
Applesmack wrote:
Feb 13th, 2018 10:32 am
There are houses in parts of Canada you can buy for under 50k. Hell in this town you can buy land for $500:

https://www.ctvnews.ca/canada/ontario-t ... -1.3613729

Plenty of alternatives. There is no alternative for electricity. There is no alternative for a doctor. There is no alternative for a warm coat and there is no alternative for food.
Sure there are. You can move to another province lol
Deal Addict
Feb 22, 2011
2604 posts
2391 upvotes
Toronto
Luckyinfil wrote:
Feb 13th, 2018 10:39 am
Sure there are. You can move to another province lol
The fact you are the biggest RE critic and pushing for impending doom yet still insist on living in Toronto really says all you need to know. Even the critics want to live here lol. Demand isn't going anywhere.
Penalty Box
User avatar
Aug 11, 2005
3638 posts
1009 upvotes
rjg4235 wrote:
Feb 13th, 2018 10:50 am
The fact you are the biggest RE critic and pushing for impending doom yet still insist on living in Toronto really says all you need to know. Even the critics want to live here lol. Demand isn't going anywhere.
You may say critic, but i'm a realist. I'm more for taking care of the vulnerable as opposed to the cut throat step on others to get rich culture dominant in the asian countries.
[OP]
Sr. Member
Dec 23, 2010
940 posts
382 upvotes
Moon
Luckyinfil wrote:
Feb 13th, 2018 10:39 am
Sure there are. You can move to another province lol
Thats a fantastic idea that many of your precious 'vulnerable' people in Toronto should consider. Unfortunately though moving to another province will not give you free electricity it will only change the price of electricity to higher or lower. Hey that almost sounds like real estate doesn't it? Moving changes price of housing to either higher or lower. If only Canada was a free country that gave people freedom of movement! Then people can take advantage of these opportunities!

Top