Station Park | 18, 28, 36, 40, 50 fl | U/C

[tomh009]

$1600 per month in rent is properly compared not with a mortgage payment, but rather at minimum mortgage cost, property taxes, maintenance, insurance, and opportunity cost of the equity in your home. In Waterloo Region, $1600 a month does not get you much home, if you're accounting properly (in my experience, many home owners do not). On average, in the current market, it is cheaper to rent than to own.

Yes.  Independent analyses agree, too, our rent:property prices ratio is skewed and rentals are relatively inexpensive.

And I do agree with the need for more affordable housing (but in addition to, not to the exclusion of nicer units).