With Vancouver and Toronto vacancy rates at 0.9 and 1.7 per cent respectively, and rental prices surging, seniors, students, new immigrants, single parents and people with disabilities — those on modest or fixed incomes — are being priced out of their communities.
Ren Thomas, associate professor of planning at Dalhousie University in Halifax, warns it’s a real loss for our biggest cities.
“You need that diversity — and that’s what makes our big cities great is we have there, you know, different people in different jobs,” said Thomas.
