Rents in most cities are unaffordable for lower-income earners

19 Juillet, 2019, 06:41 | Auteur: Auguste Feret
  • New Report Finds Few Places Where Minimum Wage Workers Can Afford Housing

A minimum-wage employee would possibly maybe well well earn the money for to rent in precisely a pair of neighbourhoods in Canada, suggests a new evaluation of the country's condo market that additionally raises questions a pair of promised federal rent-complement program.

"But in most Canadian cities, including Canada's largest metropolitan areas of Toronto and Vancouver, there are no neighbourhoods where it is possible to afford a one- or two-bedroom unit on a single minimum wage".

The study used data from Canada Mortgage and Housing Corporation's October 2018 urban rental market survey to show how much someone would have to earn in order to spend 30 per cent or less of pre-tax income on rent, which it calls the rental wage.

For two-bedroom units, which the report identifies as "the most common type", Macdonald notes that minimum wage workers are "shut out" in Montreal.

The report mapped out rental affordability in neighbourhoods across Canada by calculating the "rental wage", which is the hourly wage needed to afford a basic apartment without spending more than 30% of your earnings.

In Toronto, for example, a person needs to make $33.70/h to afford an average two-bedroom - or work 96 hours a week at the provincial minimum wage rate.

It also calculated how many hours should work the workers, earning minimum wage to afford the average apartment. The national vacancy rate for purpose-built apartments declined to 2.4 per cent past year from 3 per cent in 2017, according to CMHC, which said higher immigration levels were a key factor in the decline. To afford a one-bedroom and a two-bedroom apartment, you will need to find somewhere that pays you between $9.15 and 11.56 an hour.

Renting in Vancouver is unaffordable for anyone earning less than $26.72 per hour, according to new number crunching, making the city the least affordable in the country for non-home owners.

Arjun Rampal and girlfriend Gabriella Demetriades welcome their bundle of joy!
Also, Gabriella's parents were spotted with Arjun and his daughters as they waited outside the hospital. While speaking to Mirror , Arjun had revealed that he had met Gabriella through common friends.

'Marvel's Agents Of SHIELD' Ending After Season 7
As such, S.H.I.E.L.D. becomes the rare live-action Marvel TV series to defy network cancellation by going out on its own terms. ABC previously aired the Marvel shows "Agent Carter" and "The Inhumans", both of which have since been cancelled.

Karnataka crisis: What’s a ‘whip’, and what does it do?
Kumaraswamy insisted that doubts had been created about the Congress-JDS coalition and it had to be brought before the country. Moving the motion, Mr Kumaraswamy launched a veiled attack on BJP and said, "I have self-respect and so do my ministers".

"The challenge, of course, is because we haven't really been building purpose-built rental or traditional apartment buildings since the 1990s, we've got a lot of catching up to do", he says.

The ten-year national housing strategy also includes programs to build more rental housing in hopes a boost in supply will drive down costs.

Its design is to be tailored to each province.

At the identical time, negotiations with provinces are winding along on the receive of a new rent complement for low-income tenants that can realistic about $2,500 a twelve months.

Within the 1970s, he talked about, it wasn't odd to behold 100,000 new, reason-constructed condo objects being constructed every twelve months, "which is an wonderful amount of recent condo housing being put into the market". But he said the benefit may not be enough for low-income renters to close the affordability gap.

David Macdonald is a senior economist with the Canadian Centre for Policy Alternatives.

The CCPA said the report shows a short-term need for more rental subsidies from the federal government, and a long-term need for more affordable housing construction.

Conseillé:



Populaire

Carlos Ghosn poursuit Nissan et Mitsubishi pour "rupture abusive" de son contrat
Interrogés par le quotidien, les porte-parole de Carlos Ghosn confirment l'assignation en justice, " sans autre commentaire ". L'ancien PDG, qui n'a pas été inculpé dans le cadre de ses activités au sein de NMBV, reste assigné à résidence à Tokyo .

Envahissons la zone 51 pour aller voir les aliens
Le mystère qui entoure la Zone 51 en a fait un sujet de choix pour les théories du complot relatives aux extraterrestres . Mais beaucoup sont persuadés qu'en réalité, c'est une soucoupe volante qui s'est écrasée ce jour-là.

Nike files countersuit against Kawhi Leonard over 'Klaw' logo
Nike also says Leonard has acknowledged in the past that Nike came up with the final idea and made it what it is today. Leonard and Jordan Brand parted ways in 2018 and has been blocked from using the logo on any of his merchandise.

Kanye West & Kim Kardashian Lobby White House for A$AP Rocky’s Release
Per TMZ's report , West urged Kardashian to call up Trump's son-in-law Jared Kushner and urge him to speak with the President. Trump has ordered Secretary of State Mike Pompeo to make sure the celebrity is not charged with a crime.

J.K. Dobbins, Chase Young earn Big Ten preseason honors
We close the show with strong words from MI head coach Jim Harbaugh directed at former Ohio State coach Urban Meyer. Penn State junior defensive end Yetur Gross-Matos was the fifth player on the East Division team.

L'OMS déclare l'état "d'urgence sanitaire mondiale" — Ebola en RDC
Ils ont exprimé leur " déception au sujet des retards dans le financement " de la riposte contre l'épidémie d'Ebola . Lors d'une épidémie, Ebola se transmet entre humains par contacts directs et étroits.

L'Iran affirme détenir un pétrolier étranger
La communication avec le pétrolier a été perdue, mais l'Iran a toujours dit que cela n'avait rien à voir avec l'incident. Selon Téhéran, l'appareil était entré dans l'espace iranien américain, ce que Washington dément.

Quentin Tarantino: My 'Star Trek' Film Would Be 'Pulp Fiction In Space
Remember his "Vega Brothers" movie, belatedly uniting John Travolta's Vincent, from Pulp Fiction , with Michael Madsen's Vic/Mr. Then Tarantino addressed the fact that his movie would be R-rated, confessing that he is "not worrying about stuff like that".

Cyprus detains 12 Israelis for 8 days over alleged rape
Israel's Foreign Ministry confirmed on Wednesday that their country's diplomats had been allowed access to the suspects. The city of Ayia Napa, known for its nightlife and fine sandy beaches, welcomes many young tourists.

Saravana Bhavan founder dead: How astrology led to the Dosa Kings downfall
His restaurant chain, according to NDTV, has outlets in 20 countries including the United States , the UK, France and Australia. Rajagopal was moved to a private hospital on Tuesday after the Madras High Court accepted his appeal on grounds of poor health.