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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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[–] 8 points 3 years ago (5 children)

It is to most if you're oberying the 1/4 rent rule. That means you're making close to $100k/year, and that's a lot for a lot of people.

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  • [–] -3 points 3 years ago (2 children)

    Yeah that ain't rich.

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

    Tell that to people who have a combined household income of $50k-$75k. Big difference.

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  • [–] -2 points 3 years ago*

    I'll tell them to their face. That isn't rich. I'm not arguing the money doesn't make a difference, I'm arguing that isn't rich. Terminology matters, and someone making 50k is in the same classification as someone making 150k from the perspective of the actually rich. Being rich means having wealth.

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