March 11, 2024
Average Rent In Canada In February 2024 Is $2,193 A 10% Year Over Year Increase
Canada's housing market is the most unaffordable in the world when measured against average incomes.
63% of the average Canadian Gross Income goes to pay taxes and rent, and the economic situation is getting worse by the day.
For the average Canadian that has a home office and is eligible for an appropriately documented and substantiated home office deduction, the deduction value can be measured in thousands of dollars per Canadian tax payer.
ARTICLE SOURCE :
https://www.ctvnews.ca/canada/average-asking-rental-prices-reached-2-193-last-month-1.6802693