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Toronto Sun
7 hours ago
- Business
- Toronto Sun
Toronto residents turn to long-term renting
The city is facing a need for more family-sized rental units. Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. While apartment renters still make up the majority of renter households, interest in houses for rent is clearly rising This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The future of Toronto belongs to renters. But, as a report from Point2 Homes demonstrates, that doesn't mean single-family homes are becoming obsolete. 'As housing prices continue to soar in Toronto, more residents are turning to long-term renting — not only in apartments, but also in single-family homes,' said Alexandra Ciuntu, author of a Point2Homes report called Houses Over High-Rises: Canada's Growth in Single-Family Renter Households Outpaces Multifamily. 'The city is adjusting to a new reality where renting is no longer a temporary phase, but the primary way many people secure stability, space, and comfort in a housing market that's rapidly closing off traditional paths to ownership.' Between the last two Census reports, single-family rentals in Toronto grew by nearly 9,000 units, while multifamily rentals increased by more than 23,000 units. However, the former's growth rate of 19 per cent outpaced the latter's 4.9 per cent. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'While apartment renters still make up the majority of renter households, interest in houses for rent is clearly rising: the share of single-family renter households went from 8.9 per cent in 2016 to 10 per cent in the most recent Census,' Ciuntu added. The Point2Homes report cites higher interest rates — and therefore tightening mortgage costs — as an outsized reason for Toronto's growth of rental households, noting they grew at twice the pace of homeownership dwellings between 2016 and 2021. Toronto-based Isaac Quan, managing broker of Living Downtown Realty, has clients who could purchase single-family homes but, for a variety of reasons, have instead chosen to rent such homes. 'They don't want to buy right now because they think the market may drop or interest rates are too high and they're not sure what's going to happen with their jobs, but they need to live somewhere, so the safest thing for them is to rent a place first,' Quan said. This advertisement has not loaded yet, but your article continues below. He added that, of the cohort choosing to rent houses instead of condos, they tend to be families and prefer areas like Midtown and Leaside. 'They don't want to live downtown with their young kids and they need larger rooms,' Quan continued. 'I have a client right now who just rented a house waiting for the market to settle, but I'm also hunting for a house for him and his family to buy and live in.' However, there's an unmistakable trend occurring in Toronto. Most younger people in the rental market will remain there for the rest of their lives, should they remain in Canada's largest city. But, as Quan reminds, that isn't uncommon by global standards. 'It will be more like Hong Kong or Singapore, or some of the more expensive Asian countries where everyone just rents,' he said. 'You'll have to be a multi-millionaire in Toronto to own.' According to Tony Irwin, president and CEO of the Federation of Rental-Housing Providers of Ontario, there's traditionally been a stigma attached to renting, but — echoing Quan — he says that's wrong-headed. 'In lots of other parts of the world, even other parts of Canada, there's a greater acceptance of renting than perhaps there is [in Toronto],' Irwin said. As rental demand grows among wider swaths of the population, small multifamily dwellings won't cut it anymore. 'There's a need for more family-sized rental units,' Irwin said. Toronto & GTA MMA World News Sunshine Girls
Metro
9 hours ago
- Business
- Metro
This is the best London neighbourhood to be LGBTQ+ in 2025
For LGBTQ+ people, picking a place to live isn't just about balancing budgets and commuting needs. We also need to consider our safety, and how open the area is to accommodating queer and trans people. Just south of the River Thames, the London borough of Lambeth has one of the highest LGBTQ+ populations in the country – and it's bustling with queer spaces. According to the latest Census, 8.3% of Lambeth's residents are LGBTQ+, while neighbouring Southwark rests at 8.1%. The only other area to trump both was the City of London, at 10.3%. Of the top 10 local authorities with the highest number of LGBTQ+ residents, seven were in London, while Brighton and Hove unsurprisingly took home the prize as the gayest neighbourhood in England and Wales at 10.7%. Contrary to popular belief, though, not everywhere in London is always sparkles and glitter. Safety remains an issue, as one in five LGBTQ+ people have experienced hate crime on TfL services, while queer venues remain under threat. Between 2006 and 2022, more than half of London's LGBTQ+ spaces closed, with numbers falling from 125 to just 50. With that in mind, it's more important than ever that LGBTQ+ people feel safe in their living situation – whether that means access to a queer-friendly yoga session, or a gay bar to dance the night away. You can access completely fee-free mortgage advice with London & Country (L&C) Mortgages, a partner of Metro. Customers benefit from: – Award winning service from the UK's leading mortgage broker – Expert advisors on hand 7 days a week – Access to 1000s of mortgage deals from across the market Unlike many mortgage brokers, L&C won't charge you a fee for their advice. Find out how much you could borrow online Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage. From Vauxhall to Brixton (AKA, the home of queer pop festival Mighty Hoopla), there's so much in Lambeth enticing queer and trans people to the area. For starters, there's the iconic Royal Vauxhall Tavern. Hailed as the 'beating heart of Vauxhall,' it's the oldest surviving queer venue in South London – a title which has earned it Grade II-listed status. Built between 1860 and 1862, drag shows were reportedly held there as early as the post-WWII years as servicemen returned from war. Throughout the 1980s, Lily Savage (Paul O'Grady's drag persona) had a regular show there, taking to the stage four times a week for eight years – long before The Lily Savage Show first aired in 1997. Gay icon Princess Diana was also known to frequent the beloved RVT and was once smuggled into the venue by Freddie Mercury and Kenny Everett. They dolled her up in men's clothes, and no one batted an eyelid. These days, the RVT channels the spirit of Pride 365 days a year, with regular performances from the likes of David Hoyle and Myra DuBois. Also in Vauxhall, LGBTQ+ bar and club Eagle serves up tipples aplenty in their beer garden, and hosts residents Horse Meat Disco every Sunday. Beats the end of the weekend scaries, right? Serving up drag and cabaret to Lambeth locals since it first threw open its doors in 1981, the Two Brewers in Clapham is still open seven days a week. It's not just wall-to-wall partying either: there are also sober-friendly events, including Sheila Simmonds' famous Busy Lady Bingo and RuPaul's Drag Race UK live streamings. Just around the corner in the borough of Southwark, there's also the London LGBTQ+ Community Centre, a not-for-profit space for queer and trans people that hosts everything from LGBTQ+ ballet to co-working spaces, meditation and writing clubs. June might mark Pride Month, but the reality is that LGBTQ+ people still face issues accessing housing. Research from Stonewall shows that almost one in five LGBTQ+ people have experienced homelessness; these statistics increase to 25% of all trans people. The majority of these cases are caused by direct rejection from families over their LGBTQ+ identity, too, as 77% of people surveyed by akt said that 'family rejection, abuse or being asked to leave home' was the cause of their homelessness. Shortly before becoming homeless, more than 50% had their family members force them to stop expressing their LGBTQ+ identity, figures which rise to 64% for trans people and 55% for disabled people. More Trending The University of Stirling also finds that LGBTQ+ people have poorer housing outcomes than their straight and cis counterparts, too. Gay, lesbian and bisexual people specifically are less likely to own their own homes, while throughout the 1980s and 1990s, there were instances of gay and bisexual men having their mortgage applications refused because of the stigma tied to the HIV/AIDS crisis. View More » So, we've still got a long way to go to carve out safe spaces for LGBTQ+ people – not just in housing and in London, but everywhere. Do you have a story to share? Get in touch by emailing MetroLifestyleTeam@ MORE: Widow fined more than £1,000 by parking wardens after council delays Blue Badge renewal MORE: I can be myself in the UK – but now I can't go home MORE: Map reveals UK cheating hotspot where the most people have been unfaithful
New Indian Express
13 hours ago
- Politics
- New Indian Express
Rahul a torchbearer for next generation: Transport Minister Ponnam
HYDERABAD: Transport Minister Ponnam Prabhakar on Thursday described Congress leader Rahul Gandhi as a torchbearer for the next generation of India. 'It was only due to Rahul Gandhi's efforts and pressure that the Modi government was forced to announce that it would conduct the enumeration of castes during the Census,' Prabhakar said. The minister, along with Cabinet colleague Adluri Laxman Kumar, MP Anil Kumar Yadav and other party leaders, took part in Rahul's birthday celebrations organised by the Congress at Gandhi Bhavan. Prabhakar said that the Kamareddy Declaration was conceived under Rahul Gandhi's leadership and announced in the state, following which Chief Minister A Revanth Reddy conducted a caste survey after the Congress came to power.
Sky News AU
16 hours ago
- Business
- Sky News AU
Vinnies CEO Sleepout marks 20 years with $8.3 million raised to tackle rising homelessness across Australia
Business and community leaders across the country have braved a cold night out in support of Australians experiencing homelessness, as the Vinnies CEO Sleepout marks its 20th year with more than $8.3 million raised nationally. In New South Wales alone, the initiative brought in $2.5 million, which will go directly to support a wide range of homelessness and housing programs run by the St Vincent de Paul Society NSW. Leading the fundraising charge in NSW was Grant Steward, Managing Director and Founder of Consep, who personally raised an impressive $205,000 - the highest contribution in the state. The funds will help deliver critical frontline services including crisis accommodation, domestic and family violence refuges, alcohol and drug support, GPs for those with complex health needs, and mobile outreach through the well-known Vinnies Vans. 'This is a wonderful result for the 20th anniversary of the Vinnies CEO Sleepout and shows the generosity of support that has been built in the name of addressing homelessness,' said Yolanda Saiz, CEO of St Vincent de Paul Society NSW. First launched in 2006, the annual event has grown into a national movement, raising more than $100 million over two decades. This year, over 1,500 CEOs, executives, and community leaders registered to sleep out under the stars to better understand the challenges faced by those without a secure home. 'Participants are able to gain a greater understanding of how homelessness impacts individuals and communities, as well as how they can use their positions of influence to bring about a more just and compassionate society,' Ms Saiz said. 'The Vinnies CEO Sleepout is only one night of discomfort for the people who take part - our hope is that they are motivated to bring about change and support the work that Vinnies does every day.' Over the past five years, more than 22,100 people have accessed housing and homelessness support through the Society's NSW services - including 6,420 people in the past year alone. Domestic and family violence continues to be the leading reason people seek help, closely followed by housing insecurity caused by rent hikes and evictions. According to the latest Census data, more than 122,000 Australians are currently experiencing homelessness, with New South Wales accounting for the highest numbers - 35,000 people - and a 27 per cent increase over the past decade. 'The funds raised through the Vinnies CEO Sleepout will make an immense impact for the people we assist through our services across the state,' said Peter Houweling, State President of the St Vincent de Paul Society NSW. 'Our services are meeting with people in times of need every day, so having the support of business and community leaders will ensure we can meet their needs right now and into the future. "It is heartening to see such a generous outpouring of support over so many years which has allowed the St Vincent de Paul Society NSW to help transform lives for the better.' Donations to the 2025 Vinnies CEO Sleepout remain open until July 31. Sky News Australia has been a national partner of the Vinnies CEO Sleepout since 2011.
Time of India
16 hours ago
- Business
- Time of India
To boost employment, Telangana mulls reviving self-help groups (SHGs) for disabled; plans include microloans & skill training
HYDERABAD: In an effort to empower people with disabilities, the state govt is looking at reviving self-help groups for people with disablities which would provide them self-employment opportunities as well as improve their financial status. There are around 10 lakh disabled persons residing in the state, according to the 2011 Census data. Similar to women's self-help groups (SHGs), plans are afoot to set up these SHGs for the disabled where priority would be given to savings. While there were about 70,000 such groups in the past, many have become inactive after 2016. The govt plans to reactivate these groups as well as establish new ones. Guidelines are currently being prepared under the supervision of Society for Elimination of Rural Poverty (SERP). Officials are working on modalities such as membership numbers, monthly savings amounts and collection procedures in areas lacking banking facilities. Once all considerations are finalised, guidelines are expected to be issued. In the past, each group consisted of six to seven members. To join a group, an Aadhaar card and a local address will be mandatory. In urban areas, staff from Mission for Elimination of Poverty in Municipal Areas will provide assistance. These SHGs would help with microloans for agricultural and non-agricultural activities. Support for technical and vocational training, marketing facilities and subsidised financing will also be available, officials said.
