Cross Country Checkup

How are you coping with rising rents in Canada?

A recent report expects housing rental prices will rise by six per cent across the country this year. While many choose to rent rather than buy, others are living on the brink of homelessness as prices skyrocket. How do housing prices affect you?

Housing rental prices are expected to rise by 6 per cent across Canada this year

Would you rather buy or rent your home? (Shutterstock)

Cities of renters. A looming affordability crisis. A lifestyle choice?

A recent report has predicted an average increase of six per cent in housing rents across Canada.

Approximately 30 per cent of Canadians — middle-class families, young adults, baby boomers, seniors, and new immigrants — are relying on rental housing.

While some are renting by choice, many struggle to find innovative solutions to survive or escape the forever-rising rents. Meanwhile, others are living on the brink of homelessness.

Our question: How are you coping with the rising rents in Canada?


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