Rent Rage: You need to earn how much to live in Toronto?

Higher rent, crazy food prices,high taxes,low income,shortage of medicines,shortage of medical.staff,shortage of beds in hospitals. All this happening in 2nd largest country in the world with the population less than 40 million. Canada comes in the rich countries list. What is going on? This country is not liveable anymore. It's a shame

When people who make high incomes are living a lower standard of living than I did as an impoverished student in Toronto in the 1980's something is seriously wrong.

📍To my own research In Canada, individuals living in cars and vans due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

Can we take a moment to consider that we have basically went full circle back to feudalism, except we don't get to enjoy the outdoors and nature in general. We're working long hours only to see all of that money be spent on: -Rent to landlords, who more often than not do not work or produce anything of value and have inherited property/wealth; -Food to mega companies who see any crisis - real or manufactured - and think "greed is good"; -Taxes to corrupt/incompetent officials who spent fifty years mismanaging now-broken services; -Fixing up our cars or paying ever more just to be able to transport ourselves so we can work longer hours so we can resume this cycle. We've never had such high levels of mental illnesses. People are more and more detached, living in "work bubbles" with less and less social interactions. We see more and more children - ever younger - being put to work or told they "can" work and we're being told by mass media - owned by the same clique - that this dystopia is progress. To people who say it's Trudeau this or that; wake up. This isn't the byproduct of a politician or its party, this is the system working as intended. Be it Cons, Libs or the NDP, none of them are addressing the systemic issues. None of them want to break the mold. They're asking us to pick a different colour for the meat grinder as they all push us into it. That's all.

Honestly I am 30 years old and I am looking outside of Canada. There is no work life balance anymore and medical system is collapsing so if I am going be homeless it’s going be on sandy beach somewhere warm.😂 not negative -35 with snow.

I rented a 1 bedroom on January 1, 2021 for $1,350.00/month. I've moved out and the exact same unit in the same building is now $2,599.00/month on January 1 2023. The problem with Toronto and Canada is completely unchecked corporate greed. Phone bills - most expensive in the world. Groceries - up 30% in a year. Rent - up 100% in 2 years. Gov't? Nowhere to be found.

The 4th issue you don’t touch on is the airb&b debacle. There are thousands of these units that are contributing to the low long term rental supply

I don't even earn $2481 a month so I guess I would be homeless living in Toronto while working full-time.

Let's convert those useless empty offices to housing. No one wants to work in the office anyway.

Great content, I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

This is happening all over Canada in every major city. I can remember when I lived in Toronto 2004 one-bedroom was $625 plus utilities$40 a month that was around Coxwell and O'Connor area 5 minutes from downtown Toronto. I couldn't imagine living there now.

So about 490,000 new immigrants in the last year alone... Vast Majority of them coming to Toronto and Toronto's plan is to build 280,000 new homes over the next 10 years... Brilliant simply brilliant... My head hurts thinking about how much this city's politicians and urban planning has failed us

It’s not just Toronto , its same situation in other cities in southern Ontario like Kitchener, Guelph , London … everywhere!

It's amazing how many people can actually pay these rents.

Here in Vancouver the three main reasons that feed in the rent insanity are: 3) low or stagnant wages, 2) a city that has been running behind affordable housing for decades, 1) money laundering that is tied to real estate speculation.

I feel for young people, living at home when your 40 years old .

2400$ that's what I make in a month. They just expect us to give our one month's earnings just for rent. How are we supposed to eat and live our social life? That's why I moved out.

As a Canadian born in Canada in 1969, its getting to a point that not only is Toronto no longer affordable, but the entire country. Time to leave.

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?