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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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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[-] LadyAutumn@lemmy.blahaj.zone 4 points 1 year ago

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

[-] Anticorp@lemmy.ml 5 points 1 year 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".

this post was submitted on 30 Aug 2023
448 points (98.3% liked)

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