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.

  • Metriximor@lemmy.ml
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    1 year ago

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

    • SokathHisEyesOpen@lemmy.ml
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      3
      ·
      edit-2
      1 year ago

      $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.

        • Metriximor@lemmy.ml
          link
          fedilink
          arrow-up
          1
          ·
          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
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        Some people work part time tho because the companies don’t want to pay benefits…

        • SokathHisEyesOpen@lemmy.ml
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 year ago

          I wasn’t trying to imply that it’s affordable at that rate, but they said they make 3/4 as much as the rent. Something is fishy about that. They’re either getting ripped off, or they don’t work full-time. Usually part-time workers don’t refer to their income as “salary”.