INFOGRAPHIC: Rental Affordability By Province

Wondering just how much of your income you’ll need to set aside to afford rental housing across Canada? A new infographic from rental listing service Rentseeker illustrates how expensive it is to rent a bachelor, one, two, or three-bed unit in each province and territory – and the findings aren’t pretty.

In addition to the average shelter vs. income ratio, each province and territory is ranked by affordability, receiving a “severe”, “poor”, or “satisfactory” grade. Unsurprisingly, British Columbia and Ontario, tied with Nova Scotia, topped the list, at 24 and 23 per cents, respectively.

What is disheartening, however, is that only one region received a satisfactory market grade: Nunavut, with just 9 per cent. Check out the infographic below:

Rental Affordability by Province and Territory

Here’s the full list of required income percentage, per province, to afford a rental or home:

  • BC: 24 per cent
  • Ontario: 23 per cent,
  • Nova Scotia: 23 per cent
  • Prince Edward Island: 22 per cent
  • Saskatchewan: 22 per cent
  • Alberta: 21 per cent
  • Manitoba: 21 per cent
  • New Brunswick: 21 per cent
  • Quebec: 21 per cent
  • Newfoundland and Labrador: 20 per cent
  • Yukon: 8 per cent
  • Northwest Territories: 15 per cent
  • Nunavut: 9 per cent.

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