Renters driven to tents, rental bidding wars, and more affordability issues

#DontHave1Million?

Sorry to tell you the truth: You certainly shouldn’t think about buying anything “real” (estate). Yes, not even cookie-cutter condo.

The reality is you should be looking at how to rent a decent roof over your head. That’s all. Lest you get kicked out and have to stay in tents for good (see below): –

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Rising rents forced Abbotsford family into tent

Mission City Record – Jul 5, 2016
After two months of searching and failing to find a place to rent in the Abbotsford area for her and her daughter, Stephanie Reimer bought a tent and started looking for a place to camp.

Frenzied buying of Vancouver’s few apartment buildings prices renters out of the market

The Province – Jul 7, 2016
Can’t afford to buy a home in Vancouver? Well, pretty soon more middle-income people likely won’t be able to afford to rent here either because of frenzied buying and selling of apartment buildings by investors/speculators. Competition for the limited …
Bidding wars are not exclusive games for home buyers. Nowadays , they are also for renters: –

Vancouver’s soul-crushing real–estate market is now forcing renters to compete in bidding wars

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Straight.com (blog) – Jul 5, 2016
A Craigslist ad suggests $799 a month rent for the 780-square-foot apartment. For anybody vaguely familiar with Vancouver’s crazy real–estate market, that price would immediately jump out at them as an unbelievably good deal. Which makes sense, because …
It’s all about affordability, affordability, and affordability …

Vancouver, Toronto markets drive decline in housing affordability: RBC

CBC.ca – Jul 5, 2016
“We expect such market conditions to fuel further rapid price increases in Canada’shottest markets in the near term,” RBC said.
Canada’s Worst Home Affordability Ever Was Just Recorded You-Know-Where 
Housing affordability worsens in Canada: RBC 
Hopefully there will be solutions soon. Else, brace ourselves for the Third World War (sort of) …

Rental housing a priority

Castanet.net – Jul 5, 2016
One of the fastest growing and most attractive places in Canada to call home, we have welcomed thousands of new residents in recent years and we constantly work to keep up with demands for more services and housing options. But like every other growing …

In Vancouver, Thinking New Ways of Housing

TheTyee.ca – Jul 5, 2016
Co-operative (or “co-op”) housing is in effect non-market rental housing owned and managed by its residents through a co-operative association; in Canada they have enjoyed subsidies from the federal government that are currently under review.

Non-profit group turning Montreal’s vacant buildings into housing space for those who need it

MetroNews Canada – ‎Jul 3, 2016‎
That is the same pitch that Entremise is making to the owners of vacant properties in Montreal: that they will ultimately save money in repairs by welcoming in temporary tenants such as start-up businesses, artist collectives or live-in renters to care …

Housing affordability contagion hits Fraser Valley

Business in Vancouver – Jul 5, 2016
A recent Royal Bank of Canada Housing Trends and Affordability report noted that in 2016’s first quarter, it cost 119.5% of the median household income to cover ownership costs associated with a single-detached home. This is up from 109% at the end of …

Vancouver investigates Kitsilano apartment block hosting 17 Airbnb units

The Province – ‎Jul 3, 2016
The City of Vancouver is investigating the operation of 17 short-term rental units in a Kitsilano apartment block. There are 17 Airbnb … rentals on the rental market. Last year, Vancouver had the lowest vacancy rate in Canada at 0.6%, according to a …

The owner of this apartment building at 2341 York Ave. in Vancouver is renting 17 out of 29 units on a short-term basis, in contravention of city bylaws. Image Source

Guess it’s more profitable to operate your properties as an Airbnb “hotel” than renting out to poor renters like us?
I got an idea, what say you we buy 10-20 tents on sales, set them up along subway lines or by the beach, and let them out as Airbnb tents?
#donthave1million? Just concentrate on fighter greedy landlords and perhaps, get ready to move into tents.
I have no idea how is tent a form of viable accommodation in Canada? Our winter is long and brutal … Electricity may not be a problem, there is always this thing called  power generator. What about water? Dig a well? Could be a solution. What a bout sewage?
The insane real estate market is driving me to google for things like “How to live like a nomad” … Meanwhile, the status quo is,


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