Rent takes most income of 20% of us
One in five Montrealers has to devote 80% of their income to rent.
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Kate
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thomas 10:25 on 2022-11-22 Permalink
Doesn’t that seem high? My reading of the report is that 20% of low income population spends 80% on accommodation. For the general population the figure is 5%.
Joey 10:29 on 2022-11-22 Permalink
@thomas yeah the headline implies that 20% of all Montrealers spend 80% of their income on rent, not 20% of those considered in ‘low income’…
EmilyG 14:45 on 2022-11-22 Permalink
I remember living in an apartment where rent was inexpensive, but I still had to spend most of my money on rent.
Kate 15:39 on 2022-11-22 Permalink
Journalists are having trouble with this story. TVA has a headline saying 71% of low‑income people have unaffordable rent in Montreal without defining “low‑income” or “affordable”.
Mark Côté 12:06 on 2022-11-23 Permalink
The study itself (which is online) defines “faible revenu” as “selon le critère de mesure de faible revenu (MFR) de Statistique Canada lorsque le revenu de son ménage correspond à 50 % ou moins de la médiane des revenus ajustés des ménages de la zone géographique concernée.” 20% of those folks pay more than 80% of their income in rent. If I understand correctly, 71% of low-income people pay more than 30% of their income in rent, which compares to 12% of the overall population.