Canada is facing its worst housing affordability crisis in decades, with average rents rising by nearly 12% this year. A shortage of homes, high immigration levels, and increasing construction costs have contributed to the crisis.
According to a recent government report, cities like Toronto, Vancouver, and Montreal are struggling to meet housing demand. Young families and students are the hardest hit, with some forced to relocate to suburban or rural areas.
The federal government has announced plans to build 250,000 affordable housing units by 2028, but experts warn it may not be enough. Indian students and professionals in Canada have also reported difficulties finding affordable accommodations.
