Vancouver and Toronto renters' dissatisfaction with quality of life

According to Statistics Canada, renters in Canada's two largest cities, Vancouver and Toronto, are increasingly dissatisfied with their quality of life. This dissatisfaction is mainly due to rising housing costs and a lack of affordable housing.

Key findings:

From 2021 to 2023, renters' satisfaction with quality of life in Vancouver and Toronto declined significantly.
This dissatisfaction is mostly due to the increase in housing costs and the lack of affordable housing.
Many tenants in these two cities have to spend more than 30% of their income on rent.
This leaves them struggling for other basic needs such as food, transportation and healthcare.

Outcomes:

Dissatisfaction with the quality of life can lead to mental health problems, stress and anxiety.
It can also lead to the migration of people from these two cities and the reduction of their population.

Solutions:

The Canadian government should act to increase the supply of affordable housing and reduce housing costs.
This could include building more social housing, providing financial incentives to housing developers, and introducing stricter rent control laws.

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