Photo credit: CBC
FEB 26, 2023 (10:16) |
BY ARMIN |
Skyrocketing Rents in Toronto and Vancouver Force Low-Income Residents into 'Deplorable' Living Conditions
With vacancy rates at 0.9% and 1.7%, respectively, people on low or fixed incomes face an increasingly difficult challenge. This is having a major impact on our cities, as the diversity of our populations is being threatened.
Rentals.ca's recent numbers show that to afford a one-bedroom apartment in Vancouver comfortably, a person must earn about $109,000 a year; in Toronto, the annual salary is around $98,000.
However, those working full-time for minimum wage make less than $30,000 annually. This leaves too many people with no option but to live in what Ricardo Tranjan, a political economist and senior researcher at the Canadian Centre for Policy Alternatives, calls "deplorable" conditions.
In the following video, Marketplace exposes those conditions, including crumbling ceilings, cockroach infestations and sharing a bed with a stranger.
Clearly, the current rental market in Vancouver and Toronto is not sustainable for anyone struggling to make ends meet, and something needs to be done to address this crisis.
Source: CBC
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