Their offer of two years' rent up front, or 'nearly $100,000 cash,' according to David Eliesen, has been declined multiple times.
, real estate experts believe the country has forgotten an important piece of the equation.
The Eliesen family have lived in the same home for the last eight years, but their landlord has family immigrating to Canada from Ukraine, and now the landlord needs to move into the home. "We still can't get a home," notes the worried mother. The family is now considering moving to Atlanta where they have additional family and where homes are comparatively much more affordable.
The Eilesens aren't the only family being squeezed out of a hyper-competitive housing market. According to market research firm Urbanation,Urabanation's president, Shaun Hildebrand, points to multiple factors forcing the price of rental properties in Canada up. "We need to start acting like we're in a crisis if we're going to respond to the magnitude of the need. Every month that we don't build we get farther and farther behind,"Keesmaat told CTV National News., according to a recent report released by the Canadian Centre of Policy Alternatives. For a couple to be able to afford a one-bedroom apartment rental in Toronto, they'd need to each make an hourly wage of $33.62, more than double Ontario's minimum wage of $15.50.
For the Eilesen family, they've had a container packed with their belongings in their driveway since late April. They thought they would have found a place to move into by June 1, however, that hasn't happened.
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