This senior sold his home due to interest rate hikes. Now, he can't find an affordable rental

| CBC News LoadedJohn Cufflin has just over a week until he has to be out of the house he’s owned for three decades — and a lack of affordable rentals in Calgary means right now, the 76-year-old has nowhere to go.John Cufflin, 76, has owned his West Hillhurst home since 1991 — when he moved permanently to Calgary from London, England. The house is filled with beloved antiques he's collected over the decades.

Some of John Cufflin's antiques. He's sold the pieces he's willing to part with, and has found storage for the rest. It's a double-edged sword. While some older people are forced to sell their homes, it's also getting more expensive to run a property, which often translates into landlords increasing rents for tenants.

Even demand for their free food markets has exploded. It used to draw in a crowd of about a dozen. Now, over 200 seniors line up twice a week for free food, he says. "The reality is, you know, the math just doesn't work. There's just not enough placements that are affordable," said Mathieson.

Source: Loan Digest (loandigest.net)

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