An Ottawa resident earning minimum wage cannot afford to rent a one-bedroom apartment by themselves in Ottawa, according to a new report.
The Canadian Centre for Policy Alternatives says renters need to earn $26.68 an hour to be able to reasonably afford to rent an apartment in Ottawa.
"The rental wage measure provides a clear picture of the relationship between wages and rents because it calculates the hourly wage required to afford rent while working a standard 40-hour week and spending no more than 30 per cent of one's income on housing," the report says. The report notes the rental wage is considerably higher than the minimum wage in every single province in Canada.The Canadian Centre for Policy Alternatives finds Ottawa has the third-highest "rental wage" required in Canada for a one-bedroom apartment at $26.68. The rental wage for a two-bedroom apartment in Ottawa is $32.37, the fifth highest wage in Canada.
Toronto has the highest rental wage required for a one-bedroom apartment, at $33.62 an hour, while Vancouver has the highest "rental wage" for a two-bedroom apartment at $42.60.
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