If you think Toronto’s housing market is bad, the city’s rental landscape is pretty darn brutal right now, with prices rising every month – well up from last year’s rates – and selections thin for those looking to relocate to or within the city.
And, with everyone strapped for cash amid inflation, rising interest rates and more, landlords are increasingly desperate to rent out all the space they have, too.
That’s how we ended up with people renting out their horror movie hallways and basements as apartments – or, in the case of a new listrenting one of the two bunk beds for an exorbitant price.
Yes, for a mere $1,200 a month you could sleep on one of two single bunk beds in a tiny windowless apartment near Broadview and Gerrard.
“Good location to downtown Broadview and Gerrard, shared kitchen and bathroom,” reads the brief listing posted on Facebook late last week.
With her, a series of photos showing a small, narrow unit with a table and two chairs, two adjacent sinks, a small counter, a refrigerator and a bathroom.
Although the place looks clean and newly renovated, it is beyond basic, with just a hot plate, an open wooden shelf, and two cupboards.
(Since a microwave and oven are listed as available, there must be another full kitchen somewhere in the building that is accessible. But still…)
And then, of course, there’s the sleeping situation: two thin dormitory-like beds, one above the other.
As sad and expensive as the apartment is for what is on offer, it was already listed as rented on the Facebook ad within four days of posting it, showing just how desperate people in the city are. .
Hopefully it was to a young student who at least already knows his roommate, given how close he pays.