this post was submitted on 30 Aug 2023
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According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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[–] LostWon@lemmy.ca 3 points 1 year ago* (last edited 1 year ago) (1 children)

In case you're interested, I saw a great vid recently about co-ops as a solution to the housing crisis: https://www.youtube.com/watch?v=sKudSeqHSJk

(Yes, non-profit co-ops bring down prices overall, but currently any new homes are both being built too slowly and are being snapped up by corporations or private individuals so they can make money off of them. There should be ways to protect home owners' equity while bringing down the pricing for PRIMARY home buyers.)