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Toronto Sun
12 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
Time of India
a day ago
- Business
- Time of India
PM Modi to launch railway projects worth Rs 2,750 crore during visit to Odisha on Friday
Prime Minister Narendra Modi is set to launch development projects worth over Rs 19,000 crore, including Rs 2,750 crore of railway infrastructure works, during his day-long visit to Odisha on Friday, official sources said. During the day, the PM will also attend an event to mark the first anniversary of the BJP-led state government. As part of the programme, Modi will lay the foundation stones for the third and fourth railway lines between Sarla and Sason. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo "This project will significantly reduce traffic congestion on the busy Jharsuguda-Sambalpur section and promote industrial development in western Odisha," a railway official said. In a major boost for Boudh district, the PM will inaugurate the 73-km-long Sonepur-Purunakatak railway line, a part of the larger 301-km Khurda Road-Balangir railway project. Live Events "With this, the Boudh district headquarters will be connected to the national railway network for the first time," officials said, adding that this will facilitate devotees to visit Bhairavi temple at Purunakatak. The PM will also dedicate to the nation the 4th rail line between Jharsuguda-Jamga, the freight train maintenance facility at Sarla, subway in Bamra-Dharuadihi section, Link C-Dumetra line and Road Over Bridge at Jaleswar. The construction of the 4th rail line between Jharsuguda and Jamga will boost economic growth and support industrial development. The freight train maintenance facility established at Sarla will improve logistics efficiency and ensure freight transport smoother and more reliable, officials added. Modi will also dedicate to the nation a host of other railway infrastructure projects, including the fourth rail line between Jharsuguda and Jamga, a freight train maintenance facility at Sarla, a subway at Bamra-Dharuadihi section, a road over bridge at Jaleswar, among others. The new trains proposed to be launched by the PM are (18313/18314) Boudh-Bhubaneswar New-Boudh Weekly Express and (18311/18312) Sambalpur-Boudh-Sambalpur Weekly Express. Apart from this, Bhubaneswar-Sonepur-Bhubaneswar Inter City Express and two pairs of Balangir-Sonepur Shuttle Passenger Trains will now originate from Purunakatak, they said.
The Sun
2 days ago
- Sport
- The Sun
First-ever T20 triple Super Over as Netherlands beat Nepal
THE Netherlands beat Nepal but needed a record-breaking three Super Overs to clinch victory in their Twenty20 tri-series match in Glasgow on Monday, the first time a triple Super Over has been seen in T20 or limited-overs cricket. The Dutch posted 152 for seven and appeared set for the win as Nepal required 16 runs from the final over, but Nandan Yadav scored a boundary on the last ball to force a Super Over. Nepal made 19 runs which the Dutch matched thanks to Max O'Dowd hitting a six on the final ball, and a second Super Over was needed for only the second time in men's international cricket, after India and Afghanistan last year. The Netherlands, batting first, hit 17 runs and Nepal again stayed in the match after Dipendra Singh Airee hit a six on the last ball to mark the first instance of a third Super Over. It failed to live up to the drama of the previous two with Nepal failing to score a single run and with the Dutch needing just one run, Michael Levitt smashed a six to finally seal the win for the Netherlands. The Dutch, who lost their opening match of the series with Scotland on Monday, have a rest day on Tuesday to recover but Nepal are straight back into action against the Scots.
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First Post
4 days ago
- Sport
- First Post
Watch: Netherlands clinch historic tie after three Super Overs against Nepal
This is the first time in the history of T20 or List A cricket that three Super Overs were required to decide the outcome of a match. read more The Netherlands team required three Super Overs to beat Nepal in a match at Glasgow. Image: Scotland Cricket The Netherlands beat Nepal after an incredible three super overs during a T20 International tri-series match in Glasgow, the first time in the history of T20 or List A cricket. Michael Levitt struck a six in the third Super Over to eventually give the Netherlands victory in Glasgow on Monday (June 16, 2025) night. Having posted 152 for 7 in their allotted 20 overs, the Dutch looked set for victory with Nepal needing 16 from the final over in the run chase. STORY CONTINUES BELOW THIS AD However, Nepal could only level the scores (152/8) with tailender Nandan Yadav hitting two boundaries, including one from the last ball. A historic 𝙩𝙝𝙧𝙚𝙚 super overs between the Netherlands and Nepal at @DaleCricket today 😲 — Cricket Scotland (@CricketScotland) June 16, 2025 Kushal Bhurtel smashed 18 to take Nepal to 19 in the first Super Over but opener Max O'Dowd struck the fifth and sixth balls of the Dutch reply for a six and a four respectively to level the scores. The Netherlands batted first in the second Super Over and posted 17. But again, it was not enough and the drama continued as Dipendra Singh Airee hit Kyle Klein's last ball over the ropes to take the match to an unprecedented third one-over shootout. Dutch off-spinning all-rounder Zach Lion-Cachet then finished Nepal's over early with two wickets in four balls, without conceding a run. Netherlands vs Nepal Last Over & 3 Super Overs Ball By Ball — PCT Replays 2.0 (@ReplaysPCT) June 16, 2025 Just a single was required for the Dutch to win the match in the third Super Over but Levitt finished a remarkable contest in style as he thumped the first ball of Sandeep Lamichhane's over for six. Hosts Scotland is the third team in T20 tri-series.
Dubai Eye
4 days ago
- Sport
- Dubai Eye
First-ever T20 triple Super Over as Netherlands beat Nepal
The Netherlands beat Nepal but needed a record-breaking three Super Overs to clinch victory in their Twenty20 tri-series match in Glasgow on Monday, the first time a triple Super Over has been seen in T20 or limited-overs cricket. The Dutch posted 152 for seven and appeared set for the win as Nepal required 16 runs from the final over, but Nandan Yadav scored a boundary on the last ball to force a Super Over. Nepal made 19 runs which the Dutch matched thanks to Max O'Dowd hitting a six on the final ball, and a second Super Over was needed for only the second time in men's international cricket, after India and Afghanistan last year. The Netherlands, batting first, hit 17 runs and Nepal again stayed in the match after Dipendra Singh Airee hit a six on the last ball to mark the first instance of a third Super Over. It failed to live up to the drama of the previous two with Nepal failing to score a single run and with the Dutch needing just one run, Michael Levitt smashed a six to finally seal the win for the Netherlands. The Dutch, who lost their opening match of the series with Scotland on Monday, have a rest day on Tuesday to recover but Nepal are straight back into action against the Scots.
