No one earning minimum wage was able to rent out an average apartment last year without spending more than one-third of their income on housing, a recent report has found.
that says the rental wage – defined as the hourly wage needed so tenants spend no more than 30 per cent of their pre-tax earnings on rent while working a standard 40-hour week – was "considerably" higher than the minimum wage in each province as of October 2022.The analysis included one- and two-bedroom rentals, which make up 33 and 50 per cent of all units, respectively, the report says.
"The wage increases that people fought so hard for should improve the material conditions of working families, not go back into the pockets of the property-owning class," the report says.
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