Toronto renters should make about $44 hourly to comfortably afford a one-bedroom apartment: report
If a renter in Toronto wants to dedicate about a third of their paycheque to a one-bedroom apartment each month, they should be making roughly $44 an hour.
That’s according to Zoocasa, a real estate website, which crunched the numbers after several provinces recently raised their minimum wages to keep pace with the rising cost of living.
As of Oct. 1, Ontario raised that wage to $17.60 per hour, reflecting a $0.40 increase from the previous rate.
