A new report reveals that 1 in 5 Canadian renter households are spending more than half their income on rent payments. A collaboration between six affordable-housing groups across the country has created a new Canadian Rental Housing Index using data from Statistics Canada. The point at which StatsCan considers rental properties to be unaffordable is where renters are paying more than 30 per cent of their income; on this metric 40 per cent are struggling. Some are paying more than 70 per cent of their income on rent which is unsustainable.
British Columbia has the highest proportion of renters paying at least half of their income on rent at 23.4 per cent. Nova Scotia is next at 20.5 per cent and Ontario is at 19.8 per cent. The index shows that there are 4.05 million renter households in Canada, 30.4 per cent of all households.
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About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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