@cp24breakingnews: A new report on the cost of renting in Canada paints a bleak picture of affordability in most cities in the country, including Toronto, where two full-time minimum-wage workers do not earn enough to reasonably afford a one-bedroom apartment. The report identifies “three sets of factors” that make rent too high for minimum-wage workers in the country, including wage suppression policies, low supply of rental housing, particularly purpose-built, rent-controlled, and non-market units, and poorly regulated rental markets that favour profit-making over housing security. For more, tap the link in @cp24breakingnews bio. #cp24 #cp24news #toronto #torontonews #citynews #housing #canada #canadanewsupdate

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Tuesday 18 July 2023 15:22:25 GMT

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Comments

Buster :

I make more than $40 per hour, plus I work overtime, and run a side business.... I'm not living "comfortably". I feel like I'm just hanging on tbh.

2023-07-18 16:44:42

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Pat :

"Comfortably" = just to survive

2023-07-18 17:41:25

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AJ :

Ontario is all about the rich getting richer as younger people will never be able to leave their parents home until their 40-year-old that not fair

2023-07-18 17:23:36

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lebcutie :

$40 is to survive the BARE MINIMUM.

2023-07-18 17:52:33

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Polpetta :

83k would absolutely not afford a two bedroom

2023-07-18 15:29:27

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Bob Cabatbat :

Under 100k/yr is still not livable in Toronto. 😂😂

2023-07-18 20:55:51

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Sarah Lynn :

not just Toronto all over canada

2023-07-18 15:37:05

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TikTokSurfer2021 :

The average salary will never be provided - greed from corporations and shareholders would never permit it

2023-07-18 15:30:24

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