I will never rent long term ever again, thank God I bought a house.
this post was submitted on 30 Aug 2023
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Fucking hell my salary isn't even enough to cover 3/4ths of that rent. Pure insanity
$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.
Some people work part time tho because the companies don't want to pay benefits....
Yes, and 2000/month rent is unaffordable at 85% of your income.
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".
Dead country
This is the best summary I could come up with:
This coincides with a 1.8 per cent rise in average asking rents in Canada from June, representing the most substantial month-over-month growth observed in the past eight months.
These include post-secondary students rushing to secure leases before the fall term, a notable increase in the population, and a slowdown in home-buying activities, largely attributed to the Bank of Canada's decision to raise interest rates.
Data shows that in July, the average asking rents for purpose-built and condominium apartments broke the $2,000 threshold for the first time, settling at $2,008.
Analyzing the data regionally, Alberta continued to lead the provinces in annual rent growth for purpose-built and condominium apartments for the third consecutive month in July.
The report shows that Quebec maintained its position as the second-highest province for annual rent growth in the country for the second consecutive month, with an increase of 13.7 per cent.
recorded average asking rents for purpose-built and condominiums at $3,114, achieving the fastest annual growth rate in the country at an impressive 32.1 per cent in July.
The original article contains 1,006 words, the summary contains 173 words. Saved 83%. I'm a bot and I'm open source!
How many rooms is that and how much percentage of the average wage would that be?