Bidding wars, cutthroat viewings: Renting in the suburbs is no longer cheap and easy
While she is grateful for the two-bedroom suite she and her husband rent in Tsawwassen for $1,700 a month, Jessie Morton would love to be able to move to a bigger place because she is expecting the couple’s second child any day now.
But rents in Metro Vancouver’s suburbs have increased so significantly in recent years that moving to a new apartment would mean paying far more rent, which the couple could only afford if Morton returned to work and they put both kids in daycare. Right now, the couple pays about 50 per cent of her husband’s take-home pay for rent.
“If we wanted to be in a similar place or slightly bigger, because I think our place is around 1,000 square feet, we would be looking at paying around $2,400 a month,” said Morton. “That’s a nearly undoable leap for us.”
She worries about where her family will live once her daughter Florence, who is almost two, and her soon-to-be-born second child outgrow their relatively small suite on the ground floor of a house.
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