Affordability crisis for Canadian renters - SarnailSarnail
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Affordability crisis for Canadian renters

Posted by admin on September 14, 2015
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A new report reveals that one in five Canadian renter households are spending more than half their income on rent payments.

The rental properties to be unaffordable is where renters are paying more than 30% of their income. On this metric 40% are struggling. Some are paying more than 70% 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%. Nova Scotia is next at 20.5% and Ontario is at 19.8%.

The index shows that there are 4.05 million renter households in Canada, 30.4% of all households.

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