British Columbia now has the highest share of renters spending more than half of their income on rent and utilities in Canada.
That’s according to a new study highlighting the struggle to keep up with the province’s ballooning cost of living.
Between 2016 and 2021, the largest increases in average rents in Canada were in British Columbia, which saw a 30 per cent jump. Eleven per cent of B.C. renters are also living in “overcrowded conditions,” representing an increase of about 20 per cent over five years.Housing advocates say the latest data shows a collective failure of rental housing investments over the last quarter century.
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