Janet Robertson's eviction from her Vancouver apartment highlights the severe housing crisis in Canada's most expensive city. After struggling to find affordable options locally, she relocated to Chilliwack, a rural town now attracting many who can't afford Vancouverâs skyrocketing prices. As urban areas and some suburbs rank among the world's costliest for housing, this crisis has emerged as a pivotal issue for Canadian voters ahead of national elections on April 28. The rising costs have turned homeownership into an unattainable dream for many, especially first-time buyers, as seen by Toronto's recent home price increase to about 1.4 million Canadian dollars.
According to a Canadian real estate index, the price for a single-family home in Toronto has surged to 1.4 million Canadian dollars, an alarming increase from 970,000 dollars in 2020.
The housing crisis in Canada is not limited to city centers; it's affecting suburbs too, making them some of the most expensive places to find a home globally.
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