AUGUST 6, 2020 – Scary times for many. Thanks to COVID and tenants not paying their rent and fear of the unknown many small rental home owners have sold up leaving many scrambling to find a unit in Cornwall which already had been struggling with rental units for workers at places like Olymel and others who bring in workers from Quebec to fill positions.
The Cornwall Ontario & Area Real Estate for Sale & Rent facebook group has seen its membership quadruple in less than a month with most posts requesting a home to rent.
“No kidding, places that we’re renting for 1400/1500$ are now 1700/1800$ and for every 1 place available there are 20 families looking. Just had a panic attack and cried my eyes out last night because of this. I have to be out of my house October 1 because it sold…How do people expect a family to pay these outrageous rental prices with kids? It’s just not feasible.”
Cornwall area landlords are starting to get Ottawa like rents without local residents earning Ottawa salaries which is causing mild panic in some.
“I hear you on this. I’ve been looking to move since around march, I cant find anything, everytime something even half decent pops up, it’s either already rented or the person doesnt respond back. No offense to anyone, but cornwall is nothing special, and a large majority of the places for rent arnt even nice or are in a very rough part of town and landlords are asking rediculous prices. The homeless rate will definitely be going up that’s for sure.”
Cornwall had a higher amount of sub standard units in its rental pool, but talk of licensing landlords and putting pressures on them would only end up causing that pool to diminish as Landlords could raise rents commiserate to their improvement.
Rental numbers have suffered as the city allowed many apartment complexes to turn condo over the last decade leading to a shortage of good quality rentals.
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