That's what I was going to ask you. If it's bye bye nice old look building or not. Hm, anyway I'm not really fond of open space involving kitchen not separated from living room. I don't really need to smell my meal by my working desk.

Anyway, I'm still waiting till we manage to finally reorganise our flat so we can fully utilize a room that's left after my grandmother.

That's reasonable rent. Not quite too damn high.

Wow, that sounds like a lot of work.

I guess rent is high here because there is limited housing. Prices don't seem to have been affected much by recent economic events. I'm sure they just charge a lot because they can (not a lot of competition to keep prices down).

Meaning?

I suppose I should mention that my rent includes all utilities, but I don't expect that you change anyone's mind.

It's not that I'm happy paying CAD$650 a month, but I'm happier than I would be paying CAD$750 or CAD$850 (even happier still that I don't have to pay for utilities).

I have my desk set up in the second bedroom.

Trent is Canadian, so I don't think they're going to help him.

What we're paying is considered reasonably high, but demand for apartments in these heritage buildings is high. For the price we're paying, you can rent a three bedroom house with a yard in most parts of the city.

p/w = per week.

If I add power and internet (we're not getting a phone), then it's around $410 (USD 310) per week.

Oh damn, I thought that was per month. That sounds about on par with rent around here I guess.

$1200/month for a city apartment is okay if you don't have to own a car. Otherwise, it's too damn high.

I paid off my mortgage last year and I've never felt safer knowing no matter what happens I'll still have somewhere to live.

I feel sorry for people in UK (no idea about elsewhere) as the cost of houses, the lack of mortgages and the need to have a high deposit (upwards of 50-£60k) means new starters simply cannot get a house.

I assume that means that you have full fire, flood, etc., etc., insurance?

I should hope not... It still isn't your fault and you've paid your share.

That's the kind of prices after the collapse of the estate market?!

Ya, rent prices in Canada are a real bummer. I guess beggars can't be choosers though. I get free money, just enough to pay my parents to rent out their basement suite and buy food and a few extras. All in all it's not too bad.

In other words UK Gov, plans to place a cap on how much can an apartment be given for rent for, bypassing the free market? This will result in property to be simple unavailable for rent anymore .