A new report reveals that 1 in 5 Canadian renter households are spending more than half their income on rent payments. A collaboration between six affordable-housing groups across the country has created a new Canadian Rental Housing Index using data from Statistics Canada. The point at which StatsCan considers rental properties to be unaffordable is where renters are paying more than 30 per cent of their income; on this metric 40 per cent are struggling. Some are paying more than 70 per cent 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 per cent. Nova Scotia is next at 20.5 per cent and Ontario is at 19.8 per cent. The index shows that there are 4.05 million renter households in Canada, 30.4 per cent of all households.
British Columbia has the highest proportion of renters paying at least half of their income on rent at 23.4 per cent. Nova Scotia is next at 20.5 per cent and Ontario is at 19.8 per cent. The index shows that there are 4.05 million renter households in Canada, 30.4 per cent of all households.
