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True, there's barely any floor space, but the asking price is only C$550 (£300) a month in a Toronto suburb where the average monthly rent for a one-bedroom flat is C$2,261.
The Calgary Housing Company manages Calgary-owned affordable housing units, which in 2022 consisted of more than over 10,000 units with over 25,000 tenants. This includes near market housing where rents are lower than market rates and subsidized housing such as rent supplements for tenants that rent from private landlords. [11] [145]
Regional disparities were very noticeable with month over month Home Price Index (HPI) up in more affordable markets such as Calgary (+9.4%) and Moncton (+12%), to the highest or near-highest levels on record [72] while prices in larger, more expensive markets such as Toronto (-1.7%) and Vancouver (-0.6%) remained flat. [73]
The National Bank of Canada publishes a Housing Affordability Monitor report, which "measures housing affordability in 10 major census metropolitan areas" (Calgary, Edmonton, Hamilton, Montreal, Ottawa–Gatineau, Quebec City, Toronto, Vancouver, Victoria, Winnipeg) and "summarizes the results in a weighted-average composite
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...
Initially, the concept of a condominium was introduced by the Federal Law "On the Fundamentals of the Federal Housing Policy" No. 4218-1 dated December 24, 1992: "Condominium is an association of owners of residential premises in apartment buildings with the establishment of conditions for joint ownership and use of inter-apartment stairs ...