Rising Winnipeg rents pricing many families out, Social Planning Council says
“So that takes a lot of the affordable housing out of the housing stock as well, and so we need to have regulations.”Average rent prices up in Winnipeg, but still affordable compared to rest of Canada – Jan 18, 2022
Brandon said there also needs to be a closer watch over units that get government subsidies … but still get rented at an unaffordable price.“If you’re lucky enough to find something affordable, you’re going to hold on to it,” he said. “Very often when units do become available, it’s because the landlords are doing renovations or doing other measures that raise the cost of the housing, so that the new units that come online are going to be much more expensive than the average.”According to Zumper’s Canadian Rent Report, most markets have already hit or surpassed pre-pandemic rent prices.
“ shows that the mounting demand for rentals has not been met with enough supply in many markets,” the study said. “With employment rates staying strong and rising interest rates, competition for rentals will only continue to grow, furthering the trend of rising prices, especially as we get deeper into the summer moving season.”
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