this post was submitted on 30 Aug 2023
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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 5 points 1 year ago (6 children)

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

[–] [email protected] 3 points 1 year ago* (last edited 1 year 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.

[–] [email protected] 6 points 1 year ago (1 children)

Isn't that before taxes? Or does this work differently in Canada?

[–] [email protected] 1 points 1 year ago

Oh I'm not Canadian, my bad for not clarifying. But I still live on a modern western country with a cost of living similar to Canada which is why I commented

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