Affordability crisis for Canadian renters

A new report reveals that one in five 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% of their income. On this metric 40% are struggling. Some are paying more than 70% 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%. Nova Scotia is next at 20.5% and Ontario is at 19.8%.

The index shows that there are 4.05 million renter households in Canada, 30.4% of all households. 

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