I’m fortunate that my career went well and I’m a DINK during this and it could be weathered, but it’s a bit rough. In Ontario, rent control was removed and it seemed to lead to the building of a bunch of “luxury” apartments and very little development under that tier which seemed to drive up average pricing even more. The kind of apartment I was paying $1500 for before the pandemic could be $2500 now. Things like meats and cheeses seem to be increasing in price weekly, anywhere from 30-50% more than it was a few months ago.

It didn’t hurt me hard, our household was already putting 50+% into savings given no kids, no car, and very little recreation outside of the apartment; however, I see lots more of my students working through school than I did previously, friends in the lower income range that lived a little outside their means have had to make some pretty big lifestyle cuts to afford rent. Everyone I know living in rent-controlled buildings (in Ontario, those built before 2018 when the regulations changed) are pretty afraid to move and have had contentious relationships with landlords looking to ride inflation to bigger profits.

It’s just a shame it’s happening simultaneously with (or in part because of) the Ontario government working to cut many social services and privatize health care.