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Commentary on a for-profit student housing company which sent around a university-approved questionairre on housing desires and willingness to pay for features for current U of T students...

"The survey includes a description of a student housing complex with
whirlpools, monitored security, a gym, a tanning bed, etc.Ê Everything but
room service it seems.Ê It also contains questions like "how much extra
would you pay for a private hot tub on your balcony?" and "how much extra
would you pay for designer countertops?".Ê What about "virtual golf"?Ê A
big-screen tv with surround sound?Ê Finger-print ID security?Ê A penthouse
"The suggested rents in the survey are outrageous and discouraging.Ê From $1,500
for a bachelor to almost $1,200 for a bedroom in a 4-bedroom complex!
Utilities, amenities, and furniture are all included.Ê However, for a
student population used to shopping at the swap show and IKEA and living
without rooftop pools, I think we can get more for our money - like pay our

For those who don't know the Toronto housing market: for $1200 you can get a respectable one bedroom apartment; for $1500 you can find a decent 2 bedroom place. A room in a house or a shared apartment can be had for $400, although if it's half an apartment can be up to $700 or so.


( 5 comments — Leave a comment )
Sep. 23rd, 2002 07:10 am (UTC)
Canada's expensive...

I'll just have to get around to that whole 'getting rich' thing before I come out there, I guess.

Sep. 23rd, 2002 11:13 am (UTC)
Re: Yowza
But at least none of it is in "real" money! The Canadian dollar is worth about a third less than the American dollar. So if you want to think about it that way, for about $800 US/month you can rent a decent 1 bedroom apartment.

And anyways, Toronto's much pricier than the rest of the country. And Montreal is dirt cheap. Go live in Montreal! It's very affordable and a good way to learn French with a Quebec acccent. I think the people I was staying with in Montreal were paying something like $700 Canadian a month for a 3 bedroom apartment, a really nice one. I'm making up the numbers, but you get the picture. Cheap, for the price of speaking French alot.
Sep. 23rd, 2002 09:58 am (UTC)
Is that Canadian dollars or American dollars? That sounds almost as bad as the Bay Area market otherwise!
Sep. 23rd, 2002 11:09 am (UTC)
All my figures were in Canadian dollars.

I admit to being less sure about the survey, but I would hope the same currency. However - the survey evidently was going about states, obliviously failing to change the survey to reflect the fact that Canada has provinces and territories, but not states.

Toronto's quite expensive for Canada, rental-wise, but the figures this survey bandies are just insane. Clearly, they're after students with more money than sense.
Sep. 23rd, 2002 11:17 am (UTC)
Here's the survey online if you want to have a look through it - I haven't myself yet to see if it lives up to the hype. I'll add it to the main entry as soon as I get home, since I can't seem to edit entries from school: http://www.supersurvey.com/utorontohousing
( 5 comments — Leave a comment )