Quote:
Originally Posted by borkborkbork
nearly two grand a month for a 2br/2bath place in a building designed by accountants on a stroad next to a KFC...
... and yet building projects are being cancelled because you can't turn a profit
rates+inflation have created a really wild situation
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In 30 months, that will be considered a deal.
By 2026, the average home price in Winnipeg will be $550,000
The average 2BR rental will be over $2,000/month
The GTA and BC are becoming unaffordable for the average Canadian, with rents at over $3,000/month for a 2BR. Many are moving to Calgary, where 2 BR rentals went from $1600 to $2150 in just 18 months. It's expected that prices will continue to soar for the next 3-4 years.