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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 3 years ago by to c/canada@lemmy.ca
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According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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[–] 7 points 3 years ago (6 children)

Fucking hell my salary isn't even enough to cover 3/4ths of that rent. Pure insanity

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  • [–] 4 points 3 years ago* (5 children)

    $15 an hour seems to be about the minimum wage in Canada. $15x40x4.2=$2520 per month. If you're working a full-time job and you're making less than that, then your employer is breaking the law.

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  • [–] 4 points 3 years ago (1 child)

    Yes, and 2000/month rent is unaffordable at 85% of your income.

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  • [–] 5 points 3 years ago

    I wasn't trying to imply that it's affordable at that rate, but they said they make 3/4 as much as the rent. Something is fishy about that. They're either getting ripped off, or they don't work full-time. Usually part-time workers don't refer to their income as "salary".

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