[URBAN NOTE] “High rent could make Toronto a ‘generational ghost town'”
CBC News’ Kate McGillivray wrote about the risk of high rents driving young pepe out of Toronto.
Young people across the income spectrum who would like to build lives in Toronto are choosing to leave rather than pay the city’s ever-increasing rents.
For 27-year-old Arthur Gallant, that’s meant moving from Etobicoke, to Burlington, to Hamilton in search of an affordable apartment for himself and his mother.
“You can only move so far west until you hit water and there’s nowhere left to live,” he said in an interview with CBC Toronto.
Gallant is one of hundreds of people who reached out to CBC Toronto as part of our No Fixed Address series, which explores the city’s rental housing market.
Among the stories that have poured in, many are from native Torontonians like him, who would like to live in Toronto but find that apartments cost more than they are willing or able to pay.
“It’s a code-red, sirens-blaring kind of issue because we need to recognize the degree to which the standard of living is in free fall for younger demographics,” said Paul Kershaw, a University of British Columbia professor and the founder of Generation Squeeze, a campaign that raises awareness about the economic pressure faced by younger Canadians.
“Housing prices are squeezing younger people out.”