Toronto is a city with a severe lack of affordable
housing.
The current waiting list for subsidized housing in Toronto, which includes Toronto Community Housing, Cooperatives and private non-profit housing, (if you believe it), is close to 99,000 households and about one third of those waiting are seniors.
Average market rents for a three bedroom rental is $1,633, according to data from the Canada Mortgage and Housing Corporation. Those figures are occupied units, landlords can charge what they want for newly empty units. Research firm Urbanation recently published a report showing the average cost of renting a studio condo averaged $1,800 and a two bedroom condo $2,700.
With prices like that no wonder so many are homeless.
The current waiting list for subsidized housing in Toronto, which includes Toronto Community Housing, Cooperatives and private non-profit housing, (if you believe it), is close to 99,000 households and about one third of those waiting are seniors.
Average market rents for a three bedroom rental is $1,633, according to data from the Canada Mortgage and Housing Corporation. Those figures are occupied units, landlords can charge what they want for newly empty units. Research firm Urbanation recently published a report showing the average cost of renting a studio condo averaged $1,800 and a two bedroom condo $2,700.
With prices like that no wonder so many are homeless.
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