Average rent for a 1-bed here in Vancouver BC is $2000CA ($24k CA / year). Average rent for a studio is $1750CA. According to this source, the most typical income is $57k - 69k CA / year. So on avg, people are spending 42-35% on rent. Not sure how that compares to other expensive cities like New York or Hong Kong.
One thing all my millennial friends wonder is why Van is constantly ranked as a happy city. It's tough to move, live and work here without having somewhat deep pockets.
JazzRvt on July 13rd, 2021 at 14:36 UTC »
average detached house price in Toronto being 1.75 million
Jeynarl on July 13rd, 2021 at 15:31 UTC »
“Why take out a mortgage on a house when you can pay twice as much to me in rent??”
seriously we are doomed
AnAttackCorgi on July 13rd, 2021 at 15:32 UTC »
Average rent for a 1-bed here in Vancouver BC is $2000CA ($24k CA / year). Average rent for a studio is $1750CA. According to this source, the most typical income is $57k - 69k CA / year. So on avg, people are spending 42-35% on rent. Not sure how that compares to other expensive cities like New York or Hong Kong.
One thing all my millennial friends wonder is why Van is constantly ranked as a happy city. It's tough to move, live and work here without having somewhat deep pockets.