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.

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.

  • rab
    25·
    10 months ago

    People are spending most of their income on housing

    • MinusPi (she/they)@pawb.socialEnglish
      7·
      10 months ago

      I’m American, but I can’t find a place to rent that doesn’t demand an income of 3x rent. Is that not a thing in Canada?

      • DerisionConsultingEnglish
        2·
        10 months ago

        When I was renting, places were looking the combined income of everyone living there (and any personal guarantor(s)) was at least double the rent, or that you had a long rental history that showed that you could pay.