The research, if accurate, paints a bleak picture of a growing
renter affordability crisis, with the largest increases expected among older adults, Hispanics and single - person households.
Not exact matches
But it doesn't solve the
affordability crisis, particularly in Toronto where half the
renters in Ontario live, said Todorow.
«With the country in the middle of an
affordability crisis, it's important for
renters to understand how much they can save if they renew their lease instead of finding a new rental.
«For a long time now,
renters have faced an
affordability crisis when it comes to housing, and
renters in some hot markets will still need significant raises just to keep up with rising rents,» says Dr. Svenja Gudell, chief economist at Zillow.
Affordability — both for homebuyers and
renters — is at
crisis - level in many areas, Castro emphasized, pointing to the introduction of the National Housing Trust Fund and Rental Assistance Demonstration programs as effective first - go endeavors.
If rents and HUD's Fair Market Rents continue to move at different paces, this
affordability crisis will only worsen for low - income
renters.»
The nation's
renters are also facing an
affordability crisis, says a new survey from the National Multi Housing Council, an association of rental housing owners.
Growth in the Gap between the Number of Low - Income
Renters and the Supply of Affordable Units «For many low - income families, the rental housing
affordability crisis is like a game of musical chairs in which there is never a chair left for them,» said Chris Herbert, Research Director at the Harvard Joint Center for Housing Studies.
Are
renters facing an
affordability crisis?