🔑 The renting reality

🔔 Your campaign updates feed

• The Better Butchers is whipping up your next favourite meat alternative using mushrooms! With the global fungal protein market expecting to reach $3.86B by 2023, they’re taking on the industry giants by offering cleaner products with fewer ingredients.

• Looking for a new agritech company to watch? Prairie Clean Energy is working with farmers across Canada to become the world-class processor of agricultural waste, creating a whole new sustainable market.

• CABN is a cleantech company tackling both the housing and climate crisis by using innovative technology to build solar-powered Home Kits that exceed energy, health, and environmental building standards.

🎤 Pitch Day coming up

Pitch Day is your chance to ask the companies raising on FrontFundr anything about their business!

Join us on June 26th to get to know 5 newly launched companies and their mission, their motivation, and what they'll do with the money raised from their campaign.

The companies pitching include:

📱 Dan Novaes, Founder of Mode Mobile
🔪Celeste Trujillo, Founder of The Better Butchers
🌾 Brita Lind, CSO of Prairie Clean Energy
🥃 Nathan Flim, Founder of The Fort Distillery
🏚️ Jackson Wyatt, Founder of CABN

Make sure to save your spot!

✍ What’s on our mind?

As Canada celebrates a new population milestone, surpassing 41 million residents just in the first quarter of 2024, the country faces significant challenges when it comes to housing. Statistics Canada recently reported that the population jumped over 242K from January to March, marking a growth rate of 0.6%.

While this growth brings dynamism and diversity, it also amplifies existing issues, particularly in the rental housing market.

In May 2024, the cost of renting in Canada reached an all-time high, with average rents climbing to $2,202. This marks the first time rental prices have surpassed the $2,200 threshold, reflecting an alarming trend.

Affordable homes are disappearing rapidly, leaving many Canadians struggling to find housing that fits their budget. A CBC News analysis of over 1,000 neighbourhoods across Canada’s largest cities reveals a dire situation: less than one percent of rentals are both vacant and affordable for most Canadian renters.

The data paints a stark picture of a market where demand far outpaces supply, driving prices to new heights and making affordable housing increasingly scarce.

In the market for a new rental? Check out their interactive tool that plots your income against the average rent prices in different areas of Canada.

☕ Our coffee reads

• Rea is reading: and understanding why the majority of Canadian Gen Zs are adopting dogs instead of having kids, especially considering the $13K annual difference.

• Trieste is reading: about the strawberry moon we are supposed to see tomorrow night coinciding with the summer solstice. Sounds summery.

• Jyoti is reading: and preparing for the summer heat waves. Especially considering they’re predicting the heat will lead to mass power outages. Goodbye air conditioning.

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