Rents in Canada are so high that minimum-wage earners have to allocate much of their full-time work hours to cover the average cost an apartment, thereby jeopardizing their push for financial independence, according to a new report by Zoocasa Realty Inc.
“Financial independence and stable housing have long been seen as markers of adulthood, but for many young Canadians, these milestones are slipping out of reach,” the report released on Aug. 10 said.
