New Canadian Rental Housing Index reveals Calgary is home to high rent

Dec 19 2017, 2:35 am

Calgary has one of the highest average rents paid for metropolitan centres at $1123, according to the Canadian Rental Housing Index.

Other metropolitan centres that have a high average of rent paid are Vancouver at $1089 and Toronto at $1026.

For all of Canada, the Index found that more than 40 per cent of renter households are spending over 30 per cent of their gross income on shelter.

A more concerning finding is that one out of every five Canadian renters is spending more than 50 per cent of their gross income on shelter, this is considered a crisis level of spending.

Alberta has some of the worst housing affordability problems in Canada. It has the highest monthly rent at an average of $1079 and is home to Fort McMurray/Wood Buffalo the number one most expensive rent community. Alberta also has the fourth highest share of renter households spending more that 50 percent of their income on shelter.

These results come from the new Canadian Rental Housing Index, a new interactive map developed using census data provided by Statistics Canada.

The Index is the first of its kind and examines income, affordability and overcrowding in 800 cities and regions across all of Canada’s provinces and territories. The Canadian Rental Housing Index also examines rental affordability in all 338 federal ridings.

“For years the public has been seeing the numbers on affordability around home ownership. The Rental Housing Index now allows us to quantify the crisis that we’ve been seeing on the ground around rental housing,” said Sharad Kerur, Executive Director of the Ontario Non-Profit Housing Association.

“All levels of government should be very concerned that nearly a quarter of all Canadians have reached a crisis level of spending on simply keeping a roof over their head.”

DH Calgary StaffDH Calgary Staff

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