Struggling with a high mortgage? More B.C. homeowners are now renting out single bedrooms
The housing crisis in Canada has led to a new trend of homeowners renting out single rooms to strangers. This is seen as a way for homeowners to mitigate soaring mortgage payments and for renters to find more affordable accommodations. The trend is particularly prevalent in cities with high home prices, such as Vancouver. Shared accommodations listings have increased by 42% in B.C., Alberta, Ontario, and Quebec compared to last year. While this may be a solution for some, it is not ideal for families or those looking to establish themselves in a particular market.