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Vancouver and Toronto have been identified as the most unaffordable rental markets in Canada, particularly when assessed through the lens of the rental wage—an indicator of the proportion of income required to cover average rent. In Vancouver, renters typically need to allocate a significant portion of their income to secure housing, making it increasingly challenging for middle-income earners to find affordable accommodations. Similarly, Toronto's rental market poses affordability issues, with rising rents outpacing income growth, leading to a growing disparity between what renters earn and what they must pay for housing.
Read the full article on: CTV NEWS
