Toronto Rents Go Crazy! $40/Hour To Afford 2 bedroom Apartment

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[@demetres_gia]

Let me know how you feel about the Toronto Rental Market Below.
If you want to chat directly with me click here 👉👉👉 calendly.com/demetresgia

[@toddygallent7258]

I purchased my studio condominium in 2010. Thank God I did. I paid $95,000 426 square feet 1 locker heated underground parking.

[@Chrystallina1]

I had a chance to read this article when it came out and it was interesting as my husband and I have recently been put in a situation where this greatly impacts us. Our landlord has advised he is moving back into our condo and as such we have 60 days to find a new place to live. As we know, the rental market is wild right now with prices for a 1 bedroom with parking in Toronto and the gta (from what we have been seeing) are starting at $2400+. The challenging part in all this is we have a small dog, disqualifying us from many condos due to their rules. We have seen about 8 places so far and settled on an apartment about 40 minutes outside of the city. This proved to be a costly choice as parking was not included in the rent bringing our monthly cost to roughly the exact same as in Toronto and the gta. It is a pet friendly building so this made our choice much easier. We are about 2 years away from buying but now with the increase in rent that we will be paying at our new place, it is looking like this is further than we had anticipated. Unfortunately I don’t see the rental market changing anytime soon due to the interest rates consistent increases. This seems to be the stark reality a lot of Canadians are experiencing right now.

[@parkerbohnn]

The rental market in Canada will get a lot worse next year when interest rates drop due to the U.S. election in 2024. We could see rents increase 25+ percent a year as interest rates fall both in America and in Canada.

[@Chrystallina1]

@@parkerbohnn I can definitely see that!

[@parkerbohnn]

Most people don't work 40 hours a week because workers don't get paid for lunch hours or half hours so they work 37 and a half hours or 35 hours a week.

[@nisa_skeeter]

As per usual, Dem’s videos are super informative.

[@adama9032]

What camera do you use on your vids very nice quality an any back ring light added ?

[@05Kate_Daniels]

And thats $6933 gross, not even after tax.

[@demetres_gia]

I know…

[@alyssagarcia1237]

Damn why can’t we get this type of consistency on y’all big channel 😂😂

[@demetres_gia]

It’s coming don’t worry!!!

[@raczyk]

Does the rent controll condo build date of Nov.2018 change? Or it's always the same. In 10 years will it still be 2018 for rent controll cut off?

[@demetres_gia]

Legislation could potentially change at some point but I don't see it happening in my opinion. Putting rent control on new homes would likely deter new developments which would further decrease supply which would increase rents further in the long run.

[@claudiabrito2124]

👏🏽👍🏽

[@rushthatt]

If interest rates do go down landlords won't lower rental prices anyways.