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Vancouver and Toronto top CCPA unaffordability list for renters based on rental wage
Renters in Vancouver and Toronto face hourly wage requirements up to $48.94 to afford average rental units, highlighting significant housing affordability challenges in Canada.
- A report released on September 4, 2025, indicates that Vancouver and Toronto ranked highest in Canada for rental unaffordability among renters.
- The report found high rental wages drove this trend, requiring about $37.84 per hour in Vancouver and $37.66 in Toronto to afford one-bedroom units in 2024.
- The study analyzed 62 cities and noted only eight, mostly in Quebec, where renters could afford one-bedroom units at minimum wage working full time.
- Average rent for two-bedroom units reached $48.94 per hour, while about one-third of Canadian households are renters facing difficulty saving for down payments.
- These findings highlight significant affordability challenges in major Canadian cities, with rental costs exceeding those in New York and deepening obstacles for renters.
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Renters need to make over $78,000 to have affordable rent in Vancouver, Toronto: CCPA
TORONTO — Renters in Toronto and Vancouver need to earn over $78,000 a year for the average rent on a one-bedroom apartment to be considered affordable, says a report out Thursday that raises concerns about the cost burden.
·Sault Ste. Marie, Canada
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Winnipeg Free Press+10 Reposted by 10 other sources
Vancouver and Toronto top CCPA unaffordability list for renters based on rental wage
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources15
Leaning Left8Leaning Right0Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
Factuality
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