Rental housing crisis demand urgent action and rent controls
Rental housing crisis demand urgent action and rent controls
June 24, 2023
By Ricardo Tranjan
Troy Media
Rent strikes in Toronto signal a broken rental housing market. Rent controls are the only option
A new study shows that if you are a minimum-wage worker looking for a place to rent, you’re out of luck. Pretty much anywhere in Canada.
The report, by the Canadian Centre for Policy Alternatives, of which I’m a co-author, calculated the “rental wage” for cities across the country. The rental wage is how much per hour workers need to earn to afford a rental unit without spending more than 30 percent of their total income on housing – the standard affordability threshold.
In every province, rental wages for one- and two-bedroom units are higher than the minimum wage. That’s also the case in 34 out of 37 urban centres.
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