Toronto rents for a 1-bedroom surpassed the $2,000 a month mark in almost every borough

[MayorQuimby]

A really bad time to move or renew a lease not protected by rent control.

The price floor for one-beds is about $2,000 a month, and 2-beds about $2,350 a month.

Higher rent prices means less disposable income to spend on hobbying, while the MPAs have to increase their rates to pay the higher rents or mortgages.

A catch-22 situation indeed.

 

[dvous11]

A really bad time to move or renew a lease not protected by rent control.

The price floor for one-beds is about $2,000 a month, and 2-beds about $2,350 a month.

Higher rent prices means less disposable income to spend on hobbying, while the MPAs have to increase their rates to pay the higher rents or mortgages.

A catch-22 situation indeed.

The Gov/central banks create vast amounts of currency in short amount of time…price of everything increases.

 

[tdot.playboy]

The price floor for one-beds is about $2,000 a month, and 2-beds about $2,350 a month.

I'd say $2350 for 2 bedroom is cheap. Toronto rents have become unsustainable for regular folks.

 

[MayorQuimby]

I'd say $2350 for 2 bedroom is cheap. Toronto rents have become unsustainable for regular folks.

Rent for that is almost $30,000 a year. For that to be affordable, gross pay has to be at least $90,000 a year.

 

[CLOUD 500]

The Gov/central banks create vast amounts of currency in short amount of time…price of everything increases.

No. This was created by Trudeau's mass immigration policy. He artificially created rapid population growth thus increased demand but supply was not able to keep up with it. Keep in mind this problem was in the works since the past 20 years. Immigration has to be shut down for a good five years and apartments and houses got to be built till supply outnumber demand then immigration can be resumed but it must be modest numbers not excessive like what Trudeau did. Trudeau is part of the Century Initiative, an organization run by madmen who seek to increase Canada's population to 100 million by 2100.

 

[Carvher]

No. This was created by Trudeau's mass immigration policy. He artificially created rapid population growth thus increased demand but supply was not able to keep up with it. Keep in mind this problem was in the works since the past 20 years. Immigration has to be shut down for a good five years and apartments and houses got to be built till supply outnumber demand then immigration can be resumed but it must be modest numbers not excessive like what Trudeau did. Trudeau is part of the Century Initiative, an organization run by madmen who seek to increase Canada's population to 100 million by 2100.

This is exactly right.
Insane immigration numbers are also putting a strain on our hospitals, police services, etc.
We just can't keep up with the infrastructure required to absorb that many new people on a yearly basis.
This isn't rocket science, it's common sense.
There will be many books written in the future about Trudeau and how he's hurt our country. The magnitude of the destruction is just starting to unfold. This idiot thinks he can right the ship by 2025.

 

[jalimon]

What we need is our government to launch the equivalent of Hydro-One and Hydro-Quebec but for affordable lodging.

Private entrepreneur just wont cut it with the sheer amount of housing we need now but especially need in the future. In Quebec alone if we do not find half a million housing within the next 6-7 years we will begin to see a major fall in our economy as we cannot give a roof to our population.

 

[tdot.playboy]

Insane immigration numbers are also putting a strain on our hospitals, police services, etc.
We just can't keep up with the infrastructure required to absorb that many new people on a yearly basis.

I feel it's both:
1. Bad immigration policy which is not well matched to our labour market's requirements despite having point system in place.
2. bad monetary fiscal management.
on top of this probably, no importance given to infrastructure to support it. Wonder what this guy (and his advisor) are smoking. it's requires a unique talent to achieve what he manage to achieve in just 8 years. worst part is they don't realize where they are going wrong, and course correct.
It's now reached peaks of un-sustainability when avg white collar income isn't sufficient for normal life.

 

[CLOUD 500]

Century Initiative - Wikipedia

en.m.wikipedia.org

^^^^^ For anyone interested, Trudeau is part of this Century Initiative including Mulroney. They are globalists and only concerned with increasing the government profits by increasing tax revenue (more population = more taxpayers) and supporting their lobbysts (corporations, grocery stores, real estate) to increase their profits. More demand = higher prices thus more profits. And lastly, they want more influence on the international stage like the UN. More population = more influence. Trudeau is obsessed with the UN. He was so desperate to be on the security council of the UN, he wasted millions of taxpayers dollars in the hope to have that seat only to be rejected.

 

[Not getting younger]

No. This was created by Trudeau's mass immigration policy. He artificially created rapid population growth thus increased demand but supply was not able to keep up with it. Keep in mind this problem was in the works since the past 20 years. Immigration has to be shut down for a good five years and apartments and houses got to be built till supply outnumber demand then immigration can be resumed but it must be modest numbers not excessive like what Trudeau did. Trudeau is part of the Century Initiative, an organization run by madmen who seek to increase Canada's population to 100 million by 2100.

Except housing prices started to rocket in 2012. This is easily seen in any graph of historical pricing.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

While we can easily make the argument JTs policies are making bad situations worse. That’s not the root cause.

Population growth is, that started in 2012. So what caused that?

 

[Jenesis]

No. This was created by Trudeau's mass immigration policy. He artificially created rapid population growth thus increased demand but supply was not able to keep up with it. Keep in mind this problem was in the works since the past 20 years. Immigration has to be shut down for a good five years and apartments and houses got to be built till supply outnumber demand then immigration can be resumed but it must be modest numbers not excessive like what Trudeau did. Trudeau is part of the Century Initiative, an organization run by madmen who seek to increase Canada's population to 100 million by 2100.

Wait?!?! How is this Trudeau’s fault is …..

Nevermind ….. Someone beat me to it. It is always easy to blame the political party/person you don’t like but this has been a building issue for years. Well before Trudeau took office.

Except housing prices started to rocket in 2012. This is easily seen in any graph of historical pricing.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

While we can easily make the argument JTs policies are making bad situations worse. That’s not the root cause.

Population growth is, that started in 2012. So what caused that?

Thanks for being the voice of reason

 

[jeff2]

Except housing prices started to rocket in 2012. This is easily seen in any graph of historical pricing.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

While we can easily make the argument JTs policies are making bad situations worse. That’s not the root cause.

Population growth is, that started in 2012. So what caused that?

They more or less stopped building purpose built rentals in the 1980s. The switch was over to condos.
Government housing and co-ops also slowed or stopped.
Also, tenant incomes have not kept up because of all the crappy private sector service jobs.
But mass immigration is making things worse.

 

[Not getting younger]

They more or less stopped building purpose built rentals in the 1980s. The switch was over to condos.
Government housing and co-ops also slowed or stopped.
Also, tenant incomes have not kept up because of all the crappy private sector service jobs.
But mass immigration is making things worse.

So then why didn’t house prices ( and the rental) explode in the 1980s, 1990s, 2000s.

 

[jeff2]

So then why didn’t house prices ( and the rental) explode in the 1980s, 1990s, 2000s.

For the rental market, boomers moving to houses in the 1980s helped free up some units.
But the rental market was still tight in the 1980s.
For housing, prices were high but then collapsed in the early 1990s recession but the NIMBY issue did not reach a critical stage because there was more space back then.
Density is now the plan.

 

[CLOUD 500]

Wait?!?! How is this Trudeau’s fault is …..

Nevermind ….. Someone beat me to it. It is always easy to blame the political party/person you don’t like but this has been a building issue for years. Well before Trudeau took office.

Thanks for being the voice of reason

Not a building issue, too much immigration. Trudeau is the problem. Since he got elected he rose immigration levels to levels never seen. We are experiencing a rapid population growth never seen since the 1950s. Before Trudeau a 3 1/2 in Toronto was about $1100 a month, then when Trudeau came in power the rents doubled in price. How much do you want to build seriously? Do you want Toronto to look like Hong Kong? Tall 100 story skyscrapers everywhere? Time to get population growth in check and slow it down.

America, Jr.

www.takimag.com

Direct Quote from the Article:


Canada is currently subjecting itself to a bizarre experiment in extreme population growth due to pedal-to-the-metal legal immigration.


Canada’s population rose about 1 percent per year for the first decade and a half of this century. But the Justin Trudeau era began in 2015, and growth was goosed to 1.5 percent by 2019. After a brief pandemic pause, the Trudeau government is now opening the borders extraordinarily wide.


In response, Canada’s annual population growth rate hit 3.0 percent in the third quarter of 2023, the kind of rise normally associated with Bangladesh in the 1980s. Over the summer, Canada’s population reached 40 million, up from 30 million in 1997.

 

[CLOUD 500]

Except housing prices started to rocket in 2012. This is easily seen in any graph of historical pricing.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

While we can easily make the argument JTs policies are making bad situations worse. That’s not the root cause.

Population growth is, that started in 2012. So what caused that?

Too much immigration has been an issue since the Mulroney days and each decade the levels increased. Toronto was a great place in the 90s but when it hit 2000 it started to get bad. Trudeau took it to the extreme, lets say is put oil in fire. Trudeau is the root cause.

 

[Not getting younger]

Too much immigration has been an issue since the Mulroney days and each decade the levels increased. Toronto was a great place in the 90s but when it hit 2000 it started to get bad. Trudeau took it to the extreme, lets say is put oil in fire. Trudeau is the root cause.

Lol, I don’t even know how to behind to answer such…foolishness. Can only assume you have no idea that birth rates are going down, and we are living longer. “Do the math”..

House pricing did not take off until 2012-2014. Just look above. How hard is it to look at a tend line…so if it wasn’t a problem prior to then, what’s that say about your “belief”..

 

[CLOUD 500]

Lol, I don’t even know how to behind to answer such…foolishness. Can only assume you have no idea that birth rates are going down, and we are living longer. “Do the math”..

House pricing did not take off until 2012-2014. Just look above. How hard is it to look at a tend line…so if it wasn’t a problem prior to then, what’s that say about your “belief”..

Toronto, Canada Metro Area Population 1950-2023

Chart and table of population level and growth rate for the Toronto, Canada metro area from 1950 to 2023. United Nations population projections are also included through the year 2035.

www.macrotrends.net

Here is a graph at how rapidly Toronto's population increased. That is scary. And all of it being done artificially via excessive immigration. There are 8.5 billion people on this planet, I think that is way too much. Toronto is already way too overcrowded. Want a preview of what Trudeau is bringing to Canada? Check out Manila and Mumbai. Very unpleasant places. If you like big houses with wide open spaces then think about what you wrote.

 

[NotADcotor]

What we need is our government to launch the equivalent of Hydro-One and Hydro-Quebec but for affordable lodging.

Private entrepreneur just wont cut it with the sheer amount of housing we need now but especially need in the future. In Quebec alone if we do not find half a million housing within the next 6-7 years we will begin to see a major fall in our economy as we cannot give a roof to our population.

Interfere with the markets, then when said markets fail, blame markets instead of interference.

The housing problem is purely a government caused one, if not for various issues not even the recent rates of immigration would be a problem. OK a million a year might be pushing it, but not the 1% it was before that.

But fuck it, evidence, facts, reality it's all just homophobic white supremacy I guess.

 

[tdot.playboy]

I have a little theory on why this happened.
Our economy has been actualy slowling right from 2013/14 onwards, and instead of solving the real problem Liberal party and Trudo uncle went for a easy fix
They intentionally increased no of immigrants cap - so with each wave of immigrants - we got a boost of a) consumer spending b) real estate spending, and this kept the economy rolling so far, unless now to the point that is has become so unsustainable that it can bring entire thing down.
We definitely need immigration to support aging population - but instead of doing it right way by spending and building right infrastructure - we let the immigration taps open, which avoided from economy heading in to a headline recession. Just check the following graph .

Canada is currently subjecting itself to a bizarre experiment in extreme population growth due to pedal-to-the-metal legal immigration.
Canada’s population rose about 1 percent per year for the first decade and a half of this century. But the Justin Trudeau era began in 2015, and growth was goosed to 1.5 percent by 2019. After a brief pandemic pause, the Trudeau government is now opening the borders extraordinarily wide.
In response, Canada’s annual population growth rate hit 3.0 percent in the third quarter of 2023, the kind of rise normally associated with Bangladesh in the 1980s. Over the summer, Canada’s population reached 40 million, up from 30 million in 1997.