High rent could make Toronto a 'generational ghost town' - News Summed Up

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High rent could make Toronto a 'generational ghost town'


Arthur Gallant and his mother, here on vacation, have moved farther and farther west in the Greater Toronto Area and beyond in an effort to avoid rising Toronto rents. "In Hamilton, since 2003, it takes an extra month of full-time work to pay the rent on an average three-bedroom apartment," he said. Cherise Burda, executive director of the Ryerson City Building Institute, said that young people opting to leave Toronto over rent prices is a bad sign for the city. "Metro Vancouver is becoming a generational ghost town," he said. The No Fixed Address seriesThis week, CBC Toronto will bring you stories about Toronto's rental housing market and its implications.


Source: CBC News February 26, 2017 09:56 UTC



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