The CBC‘s recent No Fixed Address series has drawn some much needed — albeit controversial — attention to Toronto’s red-hot rental market.

If you haven’t kept up with the string of stories, here it is in a nutshell: journalist Shannon Martin, self-described as “small but cute” — just like her former apartment — lived in a 454-square-foot condo rental for $1,650 a month, plus hydro. Underlining the similar living circumstances of her friends, she reports, “Whether we work in media, pharmacy or public relations, most of us are forking well over 50 per cent of our paycheque to put a roof over our heads.”

Hustle. That was Martin’s way of making it work. That is, until she received an email from her property manager that rent was about to increase to $2,600. Read: a 454-square-foot condo for $2,600 a month. She called up the Ontario Landlord and Tenant Board and got a two-word answer: you’re screwed.

A reality? Maybe. Screwed? Not exactly.


So starts Jessica Green’s latest piece for Toronto Storeys. She aims to prove that $1,000 actually CAN get you a great rental in the GTA – and breaks it down with some luxurious examples from Greenwin Inc.

Read Jessica’s full piece on Toronto Storeys right now.

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If you’re reading this, chances are you’ve been wrestling with this question yourself. A quick Google search for the question “Should I rent or buy?” yields hundreds of hits. But the results might surprise you.

It’s no secret that more and more people are opting to rent their home, condo or apartment instead of buying it. Whether you’re a student out on your own for the first time, a professional couple, a family, or retired, the advantages to renting over buying are plenty.

On the Toronto Storeys blog, Cursive’s Jessica Green gives you the top three reasons why you should rent instead of buy. Here’s just a sample of her findings:

“Many young couples and families are discovering that their goals and priorities actually don’t involve home ownership. Instead, they would rather live in the neighbourhood they want to live in, put away money for travel and vacations, and have the convenience of being able to move when they need to. A 2012 Fannie Mae investigation found that 42% of renters prefer their housing situation, as it allows them to live in a more convenient location than owning a home would. For millennials, the vast majority prefer city living—which often doesn’t jive with owning a home. In fact, two-thirds of this demographic are renters, reports a 2014 Nielson study.”

Read more now on the Toronto Storeys blog.

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Cursive’s Jessica Green took to the Toronto Storeys blog to tackle a common question from today’s apartment renters: do I really need renters insurance?

“Renters often make the false assumption that their landlord has insurance that will cover them in the event of a fire or even something as seemingly benign as a burst pipe. Unfortunately, this just isn’t the case. News reports on apartment fires across the Greater Toronto Area occur almost every week. Think you’re not at risk? Think again. Findings from the Canada Mortgage and Housing Corporation reveal that fires in residential units account for 60 per cent to 70 per cent of fire injuries annually.”

Jessica goes on to write, “While you may think your belongings don’t warrant insurance coverage, in the event of an emergency situation where most of those items are lost, you’ll be glad to have it. Renter’s insurance can cover everything from your television and computer to your jewellery and clothing — all things you will likely want to replace. Many renter’s insurance policies also provide temporary housing in the event your apartment is deemed unliveable due to a fire.”

Read the entire piece now on the Toronto Storeys blog.


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