This Toronto tenant had no trouble finding a roommate to share his bedroom for more than $1K each. Here's why that's a problem
A Toronto tenant seeking someone to share his bedroom for $1,050 a month was able to fill the vacancy within a matter of days – a high sign of the ongoing affordability “emergency” within Canada ’ s housing market, according to an expert in the field.
Glen Bautista advertised his room in a 4-storey red brick townhouse near Dupont and Ossington avenues for rent on Facebook last week.
“It only took like three, four days … within five days, he moved in,” Bautista said, of his new roommate.
Bautista moved into the bedroom in April with a roommate who has since moved to Alberta. They shared a walk-in closet, bathroom with two sinks, balcony, and a room with a divider to create some privacy.
“Sharing a roommate is difficult, especially since I work in the mornings, and my previous roommate worked in the restaurant, so he finishes work at 2 or 3 a.m., and I’m asleep,” Bautista said.
Before that, they lived in Scarborough — a more than hour commute to work for his roommates.
While Bautista’s full-time job as a business analyst is located in North York, he says the new house is close to his part-time job on weekends as a server and bartender.
There are added logistics to sharing a room, Bautista admits, but he said the current apartment – downtown, near a transit station and one of his jobs – is worth the compromise when compared to his previous place in Scarborough for practically the same price.
'IT’S AN EMERGENCY'
Nemoy Lewis, an assistant professor of urban and regional planning at Toronto Metropolitan University, said this situation should serve as a warning signal.
“I think what it says is it’s at a point now where it’s an emergency … It signals to me the failures of policies in foreseeing these particular issues to arise in the market,” he said.
A Facebook post describes a shared room for rent in Toronto.It speaks to the creativity tenants have to take in unaffordable markets, Lewis said. “If folks are having to go at these lengths to find housing in the city, it begs to wonder if the current market is helping to create more income polarizing cities only the wealthy can afford to live in.”
The rental market has climbed steadily in Toronto over the last two years, with little relief in sight, according to real estate research firm Urbanation’s July report. The average rent for a condo under 400 square feet in the city was $2,121 at the time.
“Rents are now being driven to new highs on interest rates hitting their highest level in 22 years, the population increasing by a record pace, near record-low unemployment, and scarce supply,” the report stated.
There is no “magic pill” to fix this, Lewis acknowledged. However, removing policies that are eroding the marketplace is a good place to start, he said.
He points to vacancy decontrol, a policy put in place more than 25 years ago that allows landlords to raise the rent of a unit without a cap if the space is vacated, in contrast to the rent control in place that presides over an occupied unit.
A four storey townhouse near Dupont and Ossington avenues in Toronto.“What this essentially does is it incentivizes landlords to remove long standing tenants protected under rent control and in turn, rent them out to a new, more affluent tenant class,” Lewis said.
As another instance, Lewis looked to Premier Doug Ford’s removal of rent control on new units built after Nov. 15, 2018, in an effort to boost the rental supply in the midst of soaring housing costs, which Lewis said has only “exacerbated” the affordability crisis.
“We need to think long and hard about what are the current policies that got us here in the first place and how we can turn the corner and create policies that are actually going to ensure that housing becomes a social good again in this country.”
CTVNews.ca Top Stories
TD penalties expected to be higher on alleged drug money laundering link: analyst
A banking analyst says TD Bank Group could be hit with more severe penalties than previously expected after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
DEVELOPING Foreign interference inquiry to report today on alleged meddling in federal elections
A federal commission of inquiry into foreign interference is slated to release a report today on alleged meddling in the last two general elections.
Magnitude 4.8 earthquake recorded west of Vancouver Island
A 4.8-magnitude earthquake was reported west of Vancouver Island Thursday evening.
Biscuits with possible plastic pieces, metal found in ground pork: Here are the recalls for this week
Here are the latest recalls Canadians should watch out for, according to Health Canada and the Canadian Food Inspection Agency.
How falling for a stranger she met on a beach led this woman to ditch the U.S. for the French Riviera
Niki Benjamin, from the U.S., had travelled to a paradise island to do some soul searching, and her life ended up going in a very different direction when her dog ran up to a stranger.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Princess Anne to take part in B.C. ceremony bringing new ship into Pacific fleet
Western Canada's first Arctic and Offshore Patrol Vessel will officially be brought into the Pacific fleet today and Princess Anne, the sister of King Charles, is scheduled to take part in its commissioning ceremony.
BREAKING Winnipeg man accused of killing four women will be tried by jury
A Winnipeg man accused of killing four Indigenous women will have his case heard by a jury.
Wally, the emotional support alligator once denied entry to a baseball game, is missing
Emotional support animal registrations in the United States reached 115,832 last year, by an industry group’s count. But in the eyes of reptile rescuer Joie Henney, there’s only one: 'Wally Gator.'