This isn't just a big city issue. Even in smaller municipalities, the average cost of rent has skyrocketed. More and more Canadians, priced out of the housing market, are looking to rent. And, at least right now, there simply aren't enough rental properties to go around. Hence ... boom!
But this is more than a recent explosion. It's part of a decades-long trend that views renting as transitional and home ownership as the ultimate goal. Does it have to be this way? Should it? What would it take to make Canada once again a place where renting a family home was seen as a viable alternative and not just a failure to buy?
GUEST: Brad Badelt, writing in The Walrus