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.

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.

  • just_another_person@lemmy.world
    9·
    1 year ago

    It is to most if you’re oberying the 1/4 rent rule. That means you’re making close to $100k/year, and that’s a lot for a lot of people.

        • iegod@lemm.ee
          2·
          1 year ago

          I’ll tell them to their face. That isn’t rich. I’m not arguing the money doesn’t make a difference, I’m arguing that isn’t rich. Terminology matters, and someone making 50k is in the same classification as someone making 150k from the perspective of the actually rich. Being rich means having wealth.

      • NightAuthor@lemmy.worldEnglish
        3·
        1 year ago

        Well, many US landlords do a 1/3 rent rule. And I’m hearing about some doing 1/2 rent rule. So, I guess not. But they are looking to consume as much of your income as possible.