48% of Toronto's population rents

Coming to an America near you

quote:

---

Coming to an America near you

---

quote:

---

According to the 2017 NYC Housing and Vacancy Survey (HVS), New York City's population is approximately 8.4 million people living in 3.1 million households. A little over two-thirds of New York City households rent their units, while just under a third of households own their units.

---

Over 50% for NYC, Los Angeles, Chicago, Houston and Dallas too. Looks to be pretty common for large cities.

Which is why they want us in large cities.

The majority won’t own the property.

It’s different in the suburbs and rural areas.

quote:

---

quote:According to the 2017 NYC Housing and Vacancy Survey (HVS), New York City's population is approximately 8.4 million people living in 3.1 million households. A little over two-thirds of New York City households rent their units, while just under a third of households own their units.

---

To be fair — I would never buy here regardless. The vast majority of us are transients just passing through for a while. Renting is often the better deal.

A buddy just bought a $2.5mm place (not as glamour as it sounds). On top of $2.5 mil, property tax are high on that amount, but the real kicker — he has to pay $5k a month in maintenance fees for the building. That is in perpetuity. And at the end of the day, he only owns a slot in a continuously aging building, which is why I’m not a fan of apartment ownership either.

Some of these apartments don’t even own the land — they have it on like 100 year leases

I’d be angry aboot it too, eh.

Native Canadians are being squeezed out by immigration. Theyre not happy. Baby Justin wants to import half a million more by 2025.

At least their government did something about it, and banned foreign investors (Chinese and Blackrock) from purchasing homes.

Not sure what point you're trying to make. Toronto is the largest city in Canada and has a higher percentage of homeowners than 388 cities in the US. 325 cities in the US are majority renters. The US and Canada are both roughly 1/3 renters.

Here are the 20 largest US cities with a higher percentage of renters than Toronto, all but one mafority renters.

New York, New York - 64.6%
Los Angeles, California - 60.1%
Chicago, Illinois - 51.5%
Houston, Texas - 53.6%
San Diego, California - 52%
Dallas, Texas - 54.4%
San Francisco, California - 56.6%
Austin, Texas - 50.9%
Columbus, Ohio - 53.4%
Boston, Massachusetts - 63.1%
Washington, District of Columbia - 56%
Memphis, Tennessee - 52.4%
Detroit, Michigan - 50.1%
Milwaukee, Wisconsin - 56.5%
Baltimore, Maryland - 50.6%
Miami, Florida - 66.7%
Fresno, California - 53.3%
Long Beach, California - 58.6%
Sacramento, California - 51.1%
Tucson, Arizona - 48.5%

Louisiana cities:

New Orleans, Louisiana - 49.2%
Baton Rouge, Louisiana - 49.4%
Monroe, Louisiana - 55.9%

Bigger cities, at least within city limits, are filled with apartments so a big percentage are going to be renters.