It took Chamanpreet Kaur three months to find an apartment in Brampton, and she wasn't searching for something newly built or with extra bathrooms.The York University international student finally found a place, but it's a basement and she has two roommates. Together, they pay $2,000 plus $140 for utilities. Kaur says by the time she pays her share of rent she's left cutting back on basic necessities, including her groceries.'That's the worst part,' she told CBC Toronto.'Only friends and family
Rents in Brampton increased at a faster year over year rate than any other city in Canada.
Chamanpreet kaur is an international student living in Brampton. It took her three months to find an affordable basement, and she says she still has to pick between basic necessities after paying her rent. In Brampton, which Statistics Canada puts at among the fastest-growing cities nationwide, the report found rent for a one-bedroom apartment was up by 29 per cent in August from a year prior, and up by 25.7 per cent for a two-bedroom apartment. That's compared to a national average increase of 8.8 per cent.
Mounting pressure on the rental market is set to be the biggest challenge for housing across the Greater Toronto Area, but especially in Brampton, says Raman Dua, founder and CEO or Save Max Real Estate. Two months later, in May, the Region of Peel Council released its own affordable housing report, saying only 19 per cent of the region's housing needs are being met. To meet the remaining demand would require an extra $50 billion over 10 years, as well as $4 billion to maintain the current 19 per cent levels, the report said.
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