Someone in Toronto is renting a DIY bedroom in their tiny condo living room for $1,400 a month
The price to rent a bedroom in a shared apartment in Toronto has now reached a figure that some of us can remember paying for an entire place of our own in the not-so-distant past, and the market only seems to be getting worse for tenants as the cost of living crisis drags on.
Landlords dealing with exorbitant mortgage rates and tenants coping with the inflated price of just about everything are becoming equally desperate, and too many of the units hitting the market — and getting occupied for ludicrous prices — now offer quite dismal conditions with zero privacy.
While it may not be as bad as sharing a bedroom or an actual bed with a stranger, one new listing and its makeshift DIY room-in-a-living-room shows how bad the landscape is for renters.
The rental, shared by a local realtor on TikTok, is in a modern condo similar to many in the city, but with even less space than one might anticipate upon first glance.
"Just when we thought the Toronto rental market couldn't get any crazier, you need to see this," the poster says as the camera pans through the apartment, which is clearly only meant to be a small two-bedroom unit.
@a1_realestate Are we surprised on how landlords in Toronto are handling rentals?#torontorentals #torontorealestate #torontorealestatemarket #torontocondos #greenscreenvideo ♬ Say So (Instrumental Version) [Originally Performed by Doja Cat] - Elliot Van Coup
"I came across this room rental the other day where they basically just put up some walls in the living room of a two-bedrom condo," the agent explains, showing the hallway in the extremely narrow unit, where a new wall has blocked off the already-tiny living room to make it into a private space.
Inside the room, a single bed abuts a storage unit that is being used as a wall to divide the sleeping quarters from the shared kitchen, which is made substantially smaller as a result.
A desk in the corner faces out what was once the living room windows, meaning that the sole communal space for the three renters is limited to the uncomfortably cramped kitchen, bathroom, hallway and balcony.
The poster calls the listing "one of the craziest" he's seen in a while, going on to reveal the real kicker, which is the rental price of the converted room: a whopping $1,400 per month plus utilities.
Unfortunately, we can only expect more ads like this to pop up as homeowners renew their mortgages at steeper rates that may only get higher still, along with the still-high cost of so many other goods and services.
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