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Soaring rents price out some Canadians – CBC News

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For months, Nathan Armstrong has been scrolling through apartment listings from a tiny motel room in Woodstock, Ont. He and his wife have had to live there for more than a year as they desperately look for a place to rent. 

“There’s not a lot out there, and they seem to be going up. Fifteen, seventeen, nineteen hundred dollars for a one bedroom apartment,” he said. “Our price range is disappearing.”

Armstrong described the situation as frustrating and costly. The couple couldn’t even prepare their own meals in the motel.

“It is very, very difficult,” he said. “Hard to cook as we’re not allowed to have our own cooking material. No toaster oven, that’s against the fire code.”

The couple says they faced denial after denial, losing out on dozens of apartments amid stiff competition during their 16-month search for stable housing.

Rents are indeed rising quickly in the area, according to a recent report by Rentals.ca and Bullpen Research and Consulting. Average apartment rents for the nearest major city — London, Ont. — climbed to $1,933 in June, up 28.5 per cent from the same time last year.

WATCH | How Canadians are being priced out of rental housing: 

Soaring rents price out some Canadians

4 days ago
Duration 2:01

Some Canadians are finding themselves increasingly priced out as the cost of rent soars across the country.

Some analysts predict that the rental market may get even hotter throughout Canada.

Ben Myers, president of Bullpen Research & Consulting, a real estate advisory firm, says higher interest rates are pushing potential homebuyers to the sidelines, putting more strain on the rental market. 

“These two factors will keep renters in their properties, further reducing rental supply,” Myers said.

Rental supply has also been an ongoing issue in Halifax. There, the vacancy rate is less than one per cent, among the lowest in the country, according to the Canada Mortgage and Housing Corporation.

“We have new construction and existing construction, but they cannot keep up with the pace of the number of people who are looking for rental units,” said Lesley Dunn, program director for RentersEd, which educates Canadians on renting.

Rental prices rising across Canada

She says households with lower incomes are rapidly being priced out as rents increase faster than people’s paycheques rise. Dunn says the rental market is so hot it’s putting unfair pressure on applicants.

“Now you’re asked to pay three months rent before you will be considered for an apartment. That’s devastating,” Dunn said.

“For most newcomers, for most youth, for most people who are houseless, for most people who are on a fixed income, there is absolutely no way that they can afford that.”

The market is tight for renters in the biggest cities too, as they are the priciest. The highest average apartment rents in Canada are in Vancouver, at $2,936 a month, almost 25 per cent higher than a year ago, according to Rentals.ca. In Toronto, the average for apartments is $2,463 a month, up nearly 20 per cent year over year. Experts have pointed to a decades-long decline in building housing specifically meant for rental, known as purpose-built rentals, as another reason underlying supply issues.

Murtaza Haider, professor of management at Toronto Metropolitan University, says purpose-built rentals provide more rental stability than condominiums, in which landlords who are focused on investment are more likely to take their properties off the rental market to sell whenever they feel the time is right.

“Purpose-built rentals provide the security of tenure because you know that this is a rental property and it will stay as a rental for them for the time being,” he said.

‘Government has a big role to play’

Haider wants all levels of government need to work together to encourage more construction.

“The government has a big role to play. They can incentivize builders into this market by changing the playing field … in favour of constructing more purpose-built rentals,” he said. “The impetus is on us not to wait for another 50 years or even five years and start making those changes.”

After 16 long months, Armstrong says he and his wife finally found a place to call home.

Nathan Armstrong and his wife lived in a motel in Woodstock, Ont., for more than a year because they couldn’t find an affordable apartment. (Rob Krbavac/CBC)

“It feels amazing. A kitchen to cook in to help save money on food costs, especially now with the price of everything rising,” he said. 

He hopes the rental market improves for others just beginning their search.

“It should have never taken over a year to finally get a permanent place to live,” he said.

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Bad traffic, changed plans: Toronto braces for uncertainty of its Taylor Swift Era

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TORONTO – Will Taylor Swift bring chaos or do we all need to calm down?

It’s a question many Torontonians are asking this week as the city braces for the arrival of Swifties, the massive fan base of one of the world’s biggest pop stars.

Hundreds of thousands are expected to descend on the downtown core for the singer’s six concerts which kick off Thursday at the Rogers Centre and run until Nov. 23.

And while their arrival will be a boon to tourism dollars — the city estimates more than $282 million in economic impact — some worry it could worsen Toronto’s gridlock by clogging streets that already come to a standstill during rush hour.

Swift’s shows are set to collide with sports events at the nearby Scotiabank Arena, including a Raptors game on Friday and a Leafs game on Saturday.

Some residents and local businesses have already adjusted their plans to avoid the area and its planned road closures.

Aahil Dayani says he and some friends intended to throw a birthday bash for one of their pals until they realized it would overlap with the concerts.

“Something as simple as getting together and having dinner is now thrown out the window,” he said.

Dayani says the group rescheduled the gathering for after Swift leaves town. In the meantime, he plans to hunker down at his Toronto residence.

“Her coming into town has kind of changed up my social life,” he added.

“We’re pretty much just not doing anything.”

Max Sinclair, chief executive and founder of A.I. technology firm Ecomtent, suggested his employees avoid the company’s downtown offices on concert days, saying he doesn’t see the point in forcing people to endure potential traffic jams.

“It’s going to be less productive for us, and it’s going to be just a pain for everyone, so it’s easier to avoid it,” Sinclair said.

“We’re a hybrid company, so we can be flexible. It just makes sense.”

Swift’s concerts are the latest pop culture moment to draw attention to Toronto’s notoriously disastrous daily commute.

In June, One Direction singer Niall Horan uploaded a social media video of himself walking through traffic to reach the venue for his concert.

“Traffic’s too bad in Toronto, so we’re walking to the venue,” he wrote in the post.

Toronto Transit Commission spokesperson Stuart Green says the public agency has been working for more than a year on plans to ease the pressure of so many Swifties in one confined area.

“We are preparing for something that would be akin to maybe the Beatles coming in the ‘60s,” he said.

Dozens of buses and streetcars have been added to transit routes around the stadium, and the TTC has consulted the city on potential emergency scenarios.

Green will be part of a command centre operated by the City of Toronto and staffed by Toronto police leaders, emergency services and others who have handled massive gatherings including the Raptors’ NBA championship parade in 2019.

“There may be some who will say we’re over-preparing, and that’s fair,” Green said.

“But we know based on what’s happened in other places, better to be over-prepared than under-prepared.”

Metrolinx, the agency for Ontario’s GO Transit system, has also added extra trips and extended hours in some regions to accommodate fans looking to travel home.

A day before Swift’s first performance, the city began clearing out tents belonging to homeless people near the venue. The city said two people were offered space in a shelter.

“As the area around Rogers Centre is expected to receive a high volume of foot traffic in the coming days, this area has been prioritized for outreach work to ensure the safety of individuals in encampments, other residents, businesses and visitors — as is standard for large-scale events,” city spokesperson Russell Baker said in a statement.

Homeless advocate Diana Chan McNally questioned whether money and optics were behind the measure.

“People (in the area) are already in close proximity to concerts, sports games, and other events that generate massive amounts of traffic — that’s nothing new,” she said in a statement.

“If people were offered and willingly accepted a shelter space, free of coercion, I support that fully — that’s how it should happen.”

This report by The Canadian Press was first published Nov. 13, 2024.



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‘It’s literally incredible’: Swifties line up for merch ahead of Toronto concerts

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TORONTO – Hundreds of Taylor Swift fans lined up outside the gates of Toronto’s Rogers Centre Wednesday, with hopes of snagging some of the pop star’s merchandise on the eve of the first of her six sold-out shows in the city.

Swift is slated to perform at the venue from Thursday to Saturday, and the following week from Nov. 21 to Nov. 23, with concert merchandise available for sale on some non-show days.

Swifties were all smiles as they left the merch shop, their arms full of sweaters and posters bearing pictures of the star and her Eras Tour logo.

Among them was Zoe Haronitis, 22, who said she waited in line for about two hours to get $300 worth of merchandise, including some apparel for her friends.

Haronitis endured the autumn cold and the hefty price tag even though she hasn’t secured a concert ticket. She said she’s hunting down a resale ticket and plans to spend up to $600.

“I haven’t really budgeted anything,” Haronitis said. “I don’t care how much money I spent. That was kind of my mindset.”

The megastar’s merchandise costs up to $115 for a sweater, and $30 for tote bags and other accessories.

Rachel Renwick, 28, also waited a couple of hours in line for merchandise, but only spent about $70 after learning that a coveted blue sweater and a crewneck had been snatched up by other eager fans before she got to the shop. She had been prepared to spend much more, she said.

“The two prized items sold out. I think a lot more damage would have been done,” Renwick said, adding she’s still determined to buy a sweater at a later date.

Renwick estimated she’s spent about $500 in total on “all-things Eras Tour,” including her concert outfit and merchandise.

The long queue for Swift merch is just a snapshot of what the city will see in the coming days. It’s estimated that up to 500,000 visitors from outside Toronto will be in town during the concert period.

Tens of thousands more are also expected to attend Taylgate’24, an unofficial Swiftie fan event scheduled to be held at the nearby Metro Toronto Convention Centre.

Meanwhile, Destination Toronto has said it anticipates the economic impact of the Eras Tour could grow to $282 million as the money continues to circulate.

But for fans like Haronitis, the experience in Toronto comes down to the Swiftie community. Knowing that Swift is going to be in the city for six shows and seeing hundreds gather just for merchandise is “awesome,” she said.

Even though Haronitis hasn’t officially bought her ticket yet, she said she’s excited to see the megastar.

“It’s literally incredible.”

This report by The Canadian Press was first published Nov. 13, 2024.

The Canadian Press. All rights reserved.



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Via Rail seeks judicial review on CN’s speed restrictions

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OTTAWA – Via Rail is asking for a judicial review on the reasons why Canadian National Railway Co. has imposed speed restrictions on its new passenger trains.

The Crown corporation says it is seeking the review from the Federal Court after many attempts at dialogue with the company did not yield valid reasoning for the change.

It says the restrictions imposed last month are causing daily delays on Via Rail’s Québec City-Windsor corridor, affecting thousands of passengers and damaging Via Rail’s reputation with travellers.

CN says in a statement that it imposed the restrictions at rail crossings given the industry’s experience and known risks associated with similar trains.

The company says Via has asked the courts to weigh in even though Via has agreed to buy the equipment needed to permanently fix the issues.

Via said in October that no incidents at level crossings have been reported in the two years since it put 16 Siemens Venture trains into operation.

This report by The Canadian Press was first published Nov. 13, 2024.

Companies in this story: (TSX:CN)

The Canadian Press. All rights reserved.



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