Toronto, Vancouver Residents Must Make at Least $40 per Hour to Reasonably Afford 2-Bedroom Apartment, Report Suggests

Toronto, Vancouver Residents Must Make at Least $40 per Hour to Reasonably Afford 2-Bedroom Apartment, Report Suggests
Condo towers dot the Toronto skyline as a pedestrian makes his way through the COVID-19-restricted winter landscape on Jan. 28, 2021. Frank Gunn/The Canadian Press
Peter Wilson
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Toronto and Vancouver residents must make at least $40 per hour working a full-time job if they hope to reasonably afford a two-bedroom apartment within the city, suggests a new report by an Ottawa-based think tank.

The Canadian Centre for Policy Alternatives (CCPA) published a report on July 18 studying the gap between Canada’s minimum wage as it varies province-by-province and what it costs to rent an apartment in major cities across the country.