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Stock impact report

Despite more rental units being available, many Canadians struggle with unaffordable rent [BNN Bloomberg (Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: BNN Bloomberg
Ali Jafri's rent is due on Monday, and he's not sure he will be able to pay it. “(The) 15th of the month is just a few days away and I am in a difficult spot right now,” the Toronto father told CTV News. Jafri has a job, a child and lives in a tight-knit community in downtown Toronto, but with the cost of living stubbornly high, he says he's being squeezed. “We want to make a life here, we are doing all the right things, but we are falling behind,” he said. “This is not a sustainable situation.” The Canada Mortgage and Housing Corporation (CMHC) released its annual rental market report on Thursday, which shows that despite an increase in purpose-built rentals and an increase in the vacancy rate, there has not been a corresponding drop in the average price of rent. According to the CMHC, the average monthly rate for a two-bedroom, purpose-built rental unit was $1,550, an increase of 5.1 per cent compared to last year. Vacancy rates rose in almost every major city with the na Show less Read more
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