08/21/2024
Ever wonder what the definition of “affordable” is? As a renter, it is a question that comes up frequently.
While unsurprising, we can see that median rents in BC and ON are ways away from the benchmark 30% of the average income. In other words, residents of BC and ON spend approximately 50% of their monthly income on rent!
Insights like these are crucial to advance through these challenging conversations together objectively. This is why OFFERLAND is proud to provide industry-leading insights to support innovative leaders like Sparrow, who are exploring affordable pathways for renting in Canada.