Sentences with phrase «soaring rents»
"Soaring rents" means that the cost of renting a place, such as a house or apartment, is increasing rapidly and significantly. Full definition
A combination of soaring rents, cuts to benefits, and a shortage of social housing has created a crisis in affordable housing in the capital.
politics.co.uk
With soaring rents and a lack of social housing, this has left many facing homelessness.
The report found that shelter costs rose by close to six per cent this year to $ 76 a month because of soaring rents in Vancouver and «modest» increases in utilities and telephone expenses.
The Public Advocate noted that 50,000 New Yorkers, including children, presently live in homeless shelters, while many others have been displaced by soaring rents.
CHICAGO, Feb 28 (Reuters)- People trying to escape soaring rents in U.S. cities face a cruel reality: home prices are going up, too.
See Jenny Wiggins, «Container ports need regulation to prevent soaring rents: ACCC chief Rod Sims» (Australian Financial Review, 16 March 2015).
The Tories don't agree — despite copying Labour's «better off» slogan they believe soaring rents, rising energy bills, inflation - busting fares, are all the «inevitable» impact of market forces.
«This financing will mean more shovels in the ground and more New Yorkers protected from soaring rents,» de Blasio said in a statement.
A version of this article appears in print on December 7, 2012, on Page A1 of the New York edition with the headline: Soaring Rents Drive a Boom In Apartments.
And those being priced out of home ownership are leasing apartments instead — driving up already soaring rents in the city, according to Urbanation, a market analysis firm.
Despite soaring rents in luxury apartments in downtown Chicago, the average rent for a three - bedroom home in Cook County takes less income than buying the median home.
As the crisis in available office space in the CBD continues, building owners are bringing refurbished space back into supply this year to take advantage of soaring rents.
In the last few years, small and midsize art galleries have been finding themselves crushed at home by soaring rents and unable to pay astronomical fees demanded by art fairs to sell their work where collectors shop.
Soaring rents in recent years have made buying a home much more affordable for those who want to stay put than renting one.
Soaring rents in the retail sector have prompted calls for a register of leases and a rebalance of power between landlords and store owners.
Amazon has a domineering presence in the city, where longtime residents have complained of rising traffic, soaring rent, and constant construction since the e-commerce giant moved in.
VANCOUVER — The British Columbia government will unveil its long - awaited housing strategy on Tuesday, taking aim at skyrocketing real estate prices and soaring rents that have crippled affordability in the West Coast Canadian province, particularly in Vancouver.
The lack of building is credited with contributing to soaring rents and home prices in the county.
Leaked documents obtained by this newspaper expose the true scale of the «social cleansing» taking place across the capital as a result of welfare cuts and soaring rents.
«Secondly, the soaring rents that seniors can no longer afford to live in their homes, and low - income families are getting squeezed out of community.»
Clothing designers, manufacturers and local politicians gathered Tuesday at a rally to help businesses like Cohen's stay afloat in the face of soaring rents, outsourcing and a recession.
Mr Duncan Smith said that soaring rents and lower rates of home ownership were a major factor behind poverty and social inequality.
The population influx has triggered inflation, soaring rents and property prices, and urban sprawl.
April 16, 2018 • One factor is the growing number of working people living on the margins — one crisis away from homelessness due to soaring rents and housing prices.
April 16, 2018 • In expensive West Coast cities like Los Angeles, there's a growing number of working people living on the margins — one crisis away from living on the streets due to soaring rents and housing prices.
His crime novels are set in the «60s but many of the sites were still recognizable even though the bars, like a lot of local food and drink establishments in the city have been forced to shut down due to the soaring rents.
Many forces are behind the rise, including falling unemployment, soaring rents, increasing interest rates and millennials finally integrating into the workforce after so much difficulty during and for several years after the Great Recession.
And soaring rents are causing some tenants to view homeownership as more economical.
While limited inventory, tight credit and down - payment requirements make it hard for many millennials to achieve the American Dream, soaring rents and the likelihood the Federal Reserve will increase interest rates later this year may drive more of them to explore buying, said Stan Humphries, chief economist at Seattle - based Zillow Group.
The soaring rents and tightening vacancy rates have some entrepreneurs worried about pressure on the ability of smaller start - ups to thrive in the neighborhood.