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This has become the case worldwide. Here in Germany, rental prices have also exploded, as have the prices for condominiums. Everyone used to be able to afford an apartment and now it's a luxury. The dollar, the war in Ukraine and the dependence on the USA are to blame for this.

As a realtor in London, I agree that we feel the pressure on our rental market. Rent has increased dramatically in the past 5 years. Growing families that rent are choosing to live with less space and stay where they are to keep costs down. rents could more than double by going to a new home (depending on how long they have lived in their current hime and the larger unit they will then move to.) I love our international students and support many of them find housing, but it doesn’t take away from the crisis we see. Since Covid our homeless population has exploded along with surrounding communities like St. Thomas and Woodstock.

Lucrative real estate investment in Toronto and Vancouver created a massive holding and rental industry across the country, increasing immigration targets add strain to rental and purchase supply, the huge boom in short term rentals (airbnb, vrbo) adds fuel to the fire. \n\nNow that Vancouver and Toronto are becoming unlivable it’s residents are leaving and exploding the populations of midsize cities.\n\nIs it impossible to own a home in Canada? No, but if you aren’t a high-earner you may have to settle for a different city (see: prairies).

THis will explode the rental housing market.Anyone think of that?