DH Latest NewsDH NEWSCanadaLatest NewsNEWSInternational

The housing market desperation in Toronto reaches unprecedented levels

The housing market desperation in Toronto has reached unprecedented levels, with individuals now considering renting half a bed for an exorbitant amount. A TikTok video by Toronto-based realtor Anya Ettinger exposed a shocking Facebook post (now deleted) where half a bed was priced at a staggering 900 Canadian dollars per month.

The deleted Facebook post mentioned in the video sought an easy-going female to share the master bedroom and a single Queen-sized bed. The poster claimed to have successfully shared the bed with a roommate previously.

Anya Ettinger, who highlighted this alarming trend, expressed disbelief, stating, “Renting out a space in your bed for 900 Canadian dollars a month? No wonder so many people hate it here.”

The TikTok video has gone viral, shedding light on the severity of the housing crisis in Toronto. The city, notorious for its unreasonable property rates, remains one of the most expensive housing markets in Canada.

The average cost of a one-bedroom property in Toronto is $2,614 a month, driving more people to consider unconventional living arrangements, such as sharing a bed, to cut costs.

While this peculiar trend of renting half a bed appears to be prominent in Toronto, evidence suggests that the practice of “hot bedding,” sharing a bed with a stranger to reduce rent costs, is gaining traction more broadly. A 2021 survey by the University of Technology Sydney revealed that three percent of respondents, mainly international students in Sydney and Melbourne, resorted to hot-bedding as a creative solution to combat exorbitant rental prices.

shortlink

Post Your Comments


Back to top button