Canada

We need new zoning policies.

The only civilian housing allowed to be built in most areas is single family, low density housing which manufactures scarcity.

There's also the requirement for driveways and huge front lawns that ensure car dependency further raising the effective cost of living.

We don't need skyscrapers but we do need something more dense than the traditional single family homes as the cost to maintain our cities and to live as individuals balloon to unforeseen levels.

We've taken a lot from Americans and lessons about how to run a city should never be one of them.

Average rent for one-bedroom in Canada reached $1,906 in October; in Vancouver it was $2,872

Holy cow... how much does someone need to make to afford a near 3k rent for a 1bdrm apartment?

This is the best summary I could come up with:

That's according to the latest rental price report released by Rentals.ca and Urbanation that analyzes monthly listings from the former's network.

The report said rent inflation in Canada is being driven by price increases in Alberta, Quebec and Nova Scotia, in part because of strong population growth and large infusions of new rental supply priced at above-average market rents.

Out of Canada's largest cities, Calgary topped the list in annual rent growth for apartments for the ninth straight month.

Asking rents for purpose-built and condominium apartments in Calgary rose 14.7 per cent year-over-year to reach an average of $2,093, while Montreal was in the second spot with annual rent growth of 10.2 per cent, for an average of $2,046 in October, the data shows.

He noted a major factor driving up rent prices is the trend of fewer people looking to become homeowners, given the ongoing climate of high interest rates.

One-third of Canadian households are renters, the rate for which is growing twice as fast as it is for homeowners, he added.

The original article contains 467 words, the summary contains 159 words. Saved 66%. I'm a bot and I'm open source!