US EditionCanadians spending nearly 40% of income on rent
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Canadians spending nearly 40% of income on rent
New data from rental solutions platform SingleKey and credit reporting agency Equifax shows renter pressures are nearing crisis levels, with housing costs consuming nearly 40 per cent of income nationally and well above that threshold in Toronto. SingleKey’s analysis highlights mounting affordability challenges: The national average rent is $2,200 per month. Highest in Vancouver ($3,095) and Toronto ($2,899). Lowest in Montreal ($1,520). Income…
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