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Rents dwarf minimum wage in every Canadian province

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Higher interest rates and a lack of affordable housing are putting pressure on renters, with those living on minimum wage falling behind in every neighbourhood across Canada, a new report shows.

A Canadian Centre for Policy Alternatives (CCPA) analysis released Tuesday evaluates housing markets in Canada by “rental wage” – the hourly earnings a full-time worker would need to afford the rent on a one or two-bedroom home at no more than 30 per cent of their income.

The CCPA report finds that the rental wage needed to live comfortably in each province in Canada is well above the minimum wage in those jurisdictions.

Alyssa Julie reports.

For more info, please go to https://globalnews.ca/news/9837539/interest-rate-rental-market-crisis-ccpa/
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Category
U.S. & Canada
Tags
global news, Rental prices, Rents
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