Tag: rent vs income Canada
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Canadians Are Now Spending Over 60% of Their Income on Housing in Some Cities
Housing affordability in Canada is reaching new extremes, and in some cities, it’s no longer just a stretch, it’s becoming unsustainable. New data suggests that in major urban centres, many households are now spending more than 60% of their income on housing costs, far above what experts consider affordable. What “Affordable Housing” Is Supposed to…
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Half of Young Canadians Now Spend Over 50% of Their Income on Rent
A new survey shows that almost half of young Canadians are putting the majority of their income toward rent, highlighting the affordability crisis facing renters across the country. Rent Costs Exceeding Income Benchmarks For decades, financial advisers have recommended keeping housing costs around one-third of household income. But according to a 2025 survey by Rentals.ca,…
Canada Housing Market 