A for rent sign outside a home in Toronto on July 12, 2022. Cole Burston/The Canadian Press
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Vancouver and Toronto topped the list for least affordable rents across Canada, according to a new report.
The report, Making Rent: The CCPA’s rental wage update 2024, by the Canadian Centre for Policy Alternatives, looks at how much income a renter needs to earn based on working 40 hours a week and paying 30 percent of their income for housing. It was authored by senior economists Marc Lee and David Macdonald.
Chandra Philip is a news reporter with the Canadian edition of The Epoch Times.
