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.

    • just_another_person@lemmy.world
      link
      fedilink
      arrow-up
      9
      arrow-down
      1
      ·
      1 year ago

      It is to most if you’re oberying the 1/4 rent rule. That means you’re making close to $100k/year, and that’s a lot for a lot of people.

        • NightAuthor@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          Well, many US landlords do a 1/3 rent rule. And I’m hearing about some doing 1/2 rent rule. So, I guess not. But they are looking to consume as much of your income as possible.

          • iegod@lemm.ee
            link
            fedilink
            arrow-up
            2
            arrow-down
            4
            ·
            edit-2
            1 year ago

            I’ll tell them to their face. That isn’t rich. I’m not arguing the money doesn’t make a difference, I’m arguing that isn’t rich. Terminology matters, and someone making 50k is in the same classification as someone making 150k from the perspective of the actually rich. Being rich means having wealth.