Owning a home or condo in Toronto is getting too expensive for a lot of people. The property tax rates, maintenance, mortgage, and utilities are ever increasing creating a burden that many don't want to or cannot carry.
The only alternative is to rent. Toronto is no longer constructing apartment buildings, opting to go with a multitude of condos instead. With more and more people continuing to relocate to Toronto, there has been a seller's market for landlords.
Landlords are able to charge more than ever. Doug Ford's pro business government has also made it easier for landlords to evict tenants.
Renters are stuck in a bad situation and the only way out seems to be if you just move out of town.