Young people paying 'astronomically living expenses': insolvency trustee - BNN Bloomberg
www.bnnbloomberg.ca
Following reports that younger Canadians are willing to make sacrifices to own a home, insolvency trustees say many should consider renting instead.
  • Pyr_Pressure@lemmy.ca
    41·
    8 months ago

    Canada at least.

    I can get a mortgage for an apartment for $1400 a month. Rent in the same spot would be at least $1800 if not $2000.

    People buy housing to rent out because it’s profitable right away, they aren’t just “taking the risk” that the house might not go up in value.