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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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.

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[-] MinusPi@pawb.social 7 points 1 year ago* (last edited 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 2 points 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.

this post was submitted on 30 Aug 2023
449 points (98.3% liked)

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