Stress Test
Adulting with roommates: solo living is a luxury in today’s rental market
Oct 25, 2023
Canadians are living with roommates for longer due to high rent costs. Soaring house prices have people searching for roommates in their 30s. We hear from women in Vancouver, Toronto, and Halifax about their experiences. Living with roommates helps make ends meet in today's rental market.
23:11
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Quick takeaways
- Living with roommates has become a long-term solution for many Canadians to find affordable housing due to soaring house costs.
- Renters in Canada are facing significant financial hardships and stress due to repeated rent increases and the lack of affordable housing options.
Deep dives
Growing trend of Canadians living with roommates for affordable housing
The podcast discusses the increasing number of Canadians living with roommates as a long-term solution to find affordable housing. The latest official data reveals that households comprised of roommates are the fastest growing household type, rising 54% in the past 20 years. This trend is particularly prominent among those in their 20s and 30s, and in downtown regions of big urban cities. Renters are facing significant price increases, and living with roommates is one way to lower the cost.
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