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r/canadahousing•

This is ridiculous. I've seen studio apartments going for $2300. As interest rates go up and housing very slowly goes down, rent just keeps rising. How the fuck is anyone affording $2500 plus all other bills on 1 income. Makes no sense that mortgage debt servicing is not allowed to go over 40%, yet rent can be 50-60% of income.🤦🏿‍♂️

Anyone one in rent control i envy you! FML

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