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 sik0fewl@kbin.social to c/canada@lemmy.ca
117 comments fedilink hide all child comments
 

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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[–] Metriximor@lemmy.ml 5 points 1 year ago (1 children)

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

[–] Anticorp@lemmy.ml 3 points 1 year ago* (last edited 1 year ago) (2 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.

[–] ThePancakeExperiment@feddit.de 7 points 1 year ago (1 children)

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

[–] Metriximor@lemmy.ml 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

[–] pwnna@lemmy.ca 4 points 1 year ago

Some people work part time tho because the companies don't want to pay benefits....