Rent is going up faster in Brampton than any other Canadian city, data shows

It took Chamanpreet Kaur three months to find an apartment in Brampton, and she wasn't searching for something newly built or with extra bathrooms.

The York University international student finally found a place, but it's a basement and she has two roommates. Together, they pay $2,000 plus $140 for utilities. 

Kaur says by the time she pays her share of rent she's left cutting back on basic necessities, including her groceries.

"That's the worst part," she told CBC Toronto.

"Only friends and family are keeping us in high spirits, apart from that it is very stressful."  

Kaur says decided to move to Brampton with her roommates in hopes of finding an affordable place closer to the Indian community. Now, less than three months after moving in, she is already looking for a cheaper apartment closer to campus because if she stays in Brampton she knows she'll be stuck dealing with high prices.

Rents across Canada reached record highs last month, and Brampton had the highest year-over-year increase of anywhere in the country, according to Rentals.ca.

In Brampton, which Statistics Canada puts at among the fastest-growing cities nationwide, the report found rent for a one-bedroom apartment was up by 29 per cent in August from a year prior, and up by 25.7 per cent for a two-bedroom apartment. That's compared to a national average increase of 8.8 per cent. 

Elsewhere in the GTA, places like Toronto, Mississauga, and Scarborough saw rent increases ranging from 10 to 15 per cent. Toronto continues to top the regional list with an average rent of $2,620 for one bedroom and $3,413 for two bedrooms.

"Demand is absolutely going out of the roof," said Raman Dua, founder and CEO of Save Max Real Estate. 

He attributes the city's growth in part to the influx of new immigrants, of which the federal government says it intends to bring in nearly 500,000 annually until 2025. Brampton, Dua says, is now perceived as a "city of immigrants, with proximity to Toronto, that has jobs."

That makes it an ideal market for international students, like Kaur, who can't afford to rent an apartment in Toronto and are drawn to the Brampton community. 

Dua says mounting pressure on the rental market is set to be the biggest challenge for housing across the Greater Toronto Area, but especially in Brampton. He says the city is not prepared to meet current demand, let alone future demand.

In March, the Brampton City Council endorsed a pledge to build 113,000 homes by 2031, as part of a provincial plan to build 1.5 million homes.