Quote:
Originally Posted by yomsen
Well, we now have the fastest rising rent in the country. According to Rentals.ca, average condo and apartment rents in Hamilton rose 24.4% from Oct 2018-Oct 2019.
https://rentals.ca/national-rent-report |
It's getting to the point that if you can scrape up enough for a minimal down payment, you may as well buy instead of rent.
There's a shortage of rental units, but it seems that any new buildings constructed to address the shortage winds up having a very expensive rental price. A family friend is renting a 1-bedroom apartment that opened 7 months ago at King/Centennial for almost $1,800 a month. Not sure how people can pay that kind of rent.