What happens if Toronto stays unaffordable

That’s exactly right. If your civil servants can’t even live in the city… there’s an unsustainable issue going on.

We don’t have an arts and music scene …. That disappeared a long time ago. They spend all their time working other jobs to make rent that they don’t have time for art. Toronto is a shell of what it was. It’s becoming a playground for the rich and a campsite for the poor.

This is happening all across Canada not just Toronto

Mental depression is at an all time high in Toronto because all people do is work all month to pay the rent

The high cost of rent is having a number of negative consequences for Toronto. It is making it difficult for young people to start families, and for low- and middle-income earners to afford to live in the city. It is also leading to an increase in homelessness and rental insecurity.

Toronto is hardly a city anymore. It's a mecca for the rich and leisurely consumption. It's also culturally in decline, as artists keep being forced to live elsewhere due to the affordability crisis. Would've been good to see in this feature some more analysis of how the crisis is manufactured by bad state and business actors, longstanding austerity politics (at various levels of Canadian government), etc. You really need a class analysis when you're taking about who and who doesn't have access to housing. It's physically not a scarce resource. It's just that people are blocked financially from it.

Unfortunately most of MPs are in the rental business. They will never do anything to hurt them self. I think they should be ban on policy makers to own more than one house.

This is literally dystopian if the average person is struggling while doing everything right and unable to afford homes or rent. The end is nigh 😢

I’m an RN with 10+ years experience and I left with my family in 2022. We couldn’t have any quality of life commuting 2 hrs each way. Now the beautiful province of PEI has my skills and life for us is immensely better.

This is what happens when your economy isn’t dynamic and wealth generation comes disproportionately from housing

I left Toronto in 2017, and I am still stuck in Traffic on the 401 E near the 427 in the collector lanes fml

The $3,000/mo rent is already here. I'm seeing new buildings posting their rental prices and their 1 bedrooms are listed for $3,000+/mo

Why do news outlets always do this? They barely scratch the surface of the problem. This isn’t a city wide issue, it’s a nation wide issue!

We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay

When I was a teen in school, our teacher's taught us that rent should be approx the equivalent of one weeks earnings. FAR FROM IT. And the banks encourage landlords to charge tenants enough or more to cover mortgage on the building....So, giving interest rates going up like they have been, the banks are making a ton of money at the renter's expense.....and can't afford to save for a home of their own. NOBODY should struggle/suffer like this!

Problem is - no one in Toronto is making enough money - full family or single - no one is making enough now to even hit market rent. People are now working more than one job or out sourcing to taking government funded classes to try and figure something out. Some people are within issues with credit that may be just mediocre but they still get judged. Now landlords are asking for AAA tenants with credit scores above 70 - one situation asked for an annual income of at least $72,000.

this entire video doesn't address WHY this is happening

It's hardly surprising that "artists" can't afford rent. But when nurses, firefighters, and civil servants can't afford rent, the system is broken.

The era in which people move to cities for opportunities is over. Might as well live and work in small rural villages.

I lived in Toronto for over 10 years, absolutely loved it. Went to school and had a good paying job and ultimately had to leave this year for that exact reason. I miss living there so much but I needed to think about my future stability. Things need to change.