One in four Canadians is spending more than they should on housing according to Canada’s data gathering agency Statistics Canada.
“About 3.3 million households (25.2%) spent 30% or more of their total income on shelter—which is the threshold defined by the Canada Mortgage and Housing Corporation (CMHC) to measure housing affordability.”
Of these 3.3 million households, about 1.7 million owned their dwelling and about 1.6 million rented.
According to the data from the 2011 census, lone-parent households and non-family households were more likely to pay 30% or more of total income towards shelter costs—about twice the proportion of couple-family households.
More information:
Statistics Canada – Homeownership and Shelter Costs in Canada – here
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