Rental costs outpace minimum wages in 'every single province': Study
BNN Bloomberg
A new study shows that rental costs across Canada are drastically higher than minimum wage salaries.
The Canadian Center for Policy Alternatives released a study on Tuesday that compared the gap between the minimum wage and apartment rental costs across the country in 2022.
The study calculated a hourly wages necessary to afford rent, allocating 30 per cent or less of income earned toward rent while working 40 hours a week, referring to that figure as the “rental wage.” \
“The rental wage is considerably higher than minimum wage in every single province. Even in the three provinces with the highest minimum wage in Canada—B.C., Ontario, and Alberta—there’s a shortfall in what minimum-wage workers earn and the rent they have to pay, on average,” the study said.
