Canada’s rental nightmare: $900 and half a bed – Times of India

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Nov 23, 2023, 08:00AM ISTSource:

In Canada, particularly in Toronto, housing inflation has reached unprecedented levels, exemplified by the staggering cost of renting half a bed at 900 Canadian dollars, equivalent to over Rs 54,000 per month. This exorbitant rental rate underscores the intense challenges in the Canadian real estate market, particularly in major cities, exacerbating concerns about housing affordability. The extraordinary cost of renting a fraction of a bed highlights the severity of the issue, shedding light on the struggles faced by individuals seeking accommodation in the midst of soaring rental prices.

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