Rents are not increasing significantly in Toronto. But there is a torrent of brand new units coming onto the market which are luxury in nature, or have a lot of 'extras' included. Thus, the averages are skewed upwards.
People who rent exactly the same unit year over year are not experiencing significant increases, or really any increases at all.
People who rent exactly the same unit year over year are not experiencing significant increases, or really any increases at all.
Paying a lot of staff double their market value is also features prominently in OPG/Hydro One's (former Ontario Hydro's) operations. Some of the salaries in the sunshine lists are just outright kooky.The reason Ontario pays so much for its electricity is because Ontario Hydro built a bunch of nuclear plants they could pay for, and everyone has been kicking the bill down the road to their kids for 3 decades now. Literally no other reason.
Toronto condo prices for identical units have been pretty steady since 2013. Just because there's new luxury units coming onto the market doesn't mean the entire condo market has gone up 22% or whatever nonsense is being claimed.doesnt help condo prices jumped 22% in the last few months either.