Students face surging rental market ahead of fall return to classes
BNN Bloomberg
The surge is coinciding with the return to school in September. That means the market is seeing the usual influx of first-year students along with upper years swapping homes.
After months of searching, the biology student thought she finally found a place in mid-July, but once she delivered a deposit and signed a lease, she discovered the landlord had taken on too many tenants.
Hines restarted the hunt, but found the market even more heated, so she settled on an unfurnished place from the same landlord that was $100 more per month and farther to school than her last rental.
"I had no choice other than to find a place and knowing that all the prices are going to be way higher than usual because of the demand, it's caused me to pick up extra shifts," she said. "It's quite stressful."
