▲ 445 ▼ Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca) submitted 2 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca 137 comments fedilink hide all child comments 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.
[+] NathanielThomas@lemmy.world -9 points 2 years ago* (last edited 2 years ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] just_another_person@lemmy.world 8 points 2 years ago (2 children) 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. permalink fedilink source parent hideshow 4 child comments replies: [+] NathanielThomas@lemmy.world -1 points 2 years ago* (last edited 2 years ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] NightAuthor@lemmy.world 3 points 2 years 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. permalink fedilink source parent [–] iegod@lemm.ee -3 points 2 years ago (1 child) Yeah that ain't rich. permalink fedilink source parent hideshow 2 child comments replies: [–] just_another_person@lemmy.world 4 points 2 years ago (1 child) Tell that to people who have a combined household income of $50k-$75k. Big difference. permalink fedilink source parent hideshow 2 child comments replies: [–] iegod@lemm.ee -2 points 2 years 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. permalink fedilink source parent
[–] just_another_person@lemmy.world 8 points 2 years ago (2 children) 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. permalink fedilink source parent hideshow 4 child comments replies: [+] NathanielThomas@lemmy.world -1 points 2 years ago* (last edited 2 years ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] NightAuthor@lemmy.world 3 points 2 years 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. permalink fedilink source parent [–] iegod@lemm.ee -3 points 2 years ago (1 child) Yeah that ain't rich. permalink fedilink source parent hideshow 2 child comments replies: [–] just_another_person@lemmy.world 4 points 2 years ago (1 child) Tell that to people who have a combined household income of $50k-$75k. Big difference. permalink fedilink source parent hideshow 2 child comments replies: [–] iegod@lemm.ee -2 points 2 years 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. permalink fedilink source parent
[+] NathanielThomas@lemmy.world -1 points 2 years ago* (last edited 2 years ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] NightAuthor@lemmy.world 3 points 2 years 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. permalink fedilink source parent
[–] NightAuthor@lemmy.world 3 points 2 years 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. permalink fedilink source parent
[–] iegod@lemm.ee -3 points 2 years ago (1 child) Yeah that ain't rich. permalink fedilink source parent hideshow 2 child comments replies: [–] just_another_person@lemmy.world 4 points 2 years ago (1 child) Tell that to people who have a combined household income of $50k-$75k. Big difference. permalink fedilink source parent hideshow 2 child comments replies: [–] iegod@lemm.ee -2 points 2 years 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. permalink fedilink source parent
[–] just_another_person@lemmy.world 4 points 2 years ago (1 child) Tell that to people who have a combined household income of $50k-$75k. Big difference. permalink fedilink source parent hideshow 2 child comments replies: [–] iegod@lemm.ee -2 points 2 years 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. permalink fedilink source parent
[–] iegod@lemm.ee -2 points 2 years 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. permalink fedilink source parent