‘Perfect storm’ of inflation, high prices driving more into homelessness: advocates
CALGARY — Social agencies and advocates say rising interest rates and high inflation are pushing more Canadians into homelessness.
Chaz Smith, who was once homeless himself, said some of the clients of his BeTheChangeYYC street outreach group have been on waiting lists for affordable housing for more than five months.
He said with interest rates and inflation on the rise, it could make the rental market more difficult to enter.
“My fear is we’re going to see people default into the rental market that’s already crowded and we’re going to see an increase in homelessness throughout all of Canada,” said Smith, who founded BeTheChangeYYC.