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.

  • MinusPi (she/they)@pawb.social
    link
    fedilink
    English
    arrow-up
    7
    ·
    edit-2
    1 year ago

    I’m American, but I can’t find a place to rent that doesn’t demand an income of 3x rent. Is that not a thing in Canada?

    • DerisionConsulting@lemmy.ca
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      When I was renting, places were looking the combined income of everyone living there (and any personal guarantor(s)) was at least double the rent, or that you had a long rental history that showed that you could pay.