Greater Victoria residents working full time and earning the mininum wage would have to work 90 hours a week to be able to afford a two-bedroom apartment (Black Press File)

Greater Victoria has zero affordable neighbourhoods for full-time workers earning minimum wage

Figure appears in a report from the Centre of Policy Alternatives

A Greater Victoria resident working full time earning the provincial minimum wage would have to work 90 hours a week to afford a two-bedroom apartment, according to a new study. Only residents of Vancouver (112 hours) and Toronto (96) hours would have to work more.

The figures appear in a report from the Centre of Policy Alternatives titled Unaccommodating: Rental Housing Wage in Canada. The report sought to determine the rental wage, which the report defines as the hourly wage that a full-time worker must make to be able to rent an average two-bedroom apartment using no more than 30 per cent of their income, the threshold for affordable housing.

According to the report, the average rental wage across all of Canada is $22.40 per hour, with Victoria’s rate being $28.47. The provincial minimum wage is $12.65 as of October 2018.

RELATED: New report finds many Sidney residents struggle with housing affordability

“Importantly, because all provincial minimum wages are far lower than these average rental wages, it is not possible for many full-time workers [in Canada] to afford to live anywhere without spending more than 30 per cent of their income on rent,” it reads.

Looking across the country, the report finds that minimum-wage workers can “comfortably afford” the average two-bedroom rental rate in three per cent of the 795 neighbourhoods where rental and income data are available.

According to the report, 23 out 36 metro areas in Canada lack any neighbourhood where the average-priced one-bedroom is affordable to a minimum-wage worker, and 31 have no neighbourhoods where a two-bedroom apartment is affordable.

Greater Victoria, according to the report, has zero affordable neighbourhoods, be it for one-bedroom or two-bedroom apartments.


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

Just Posted

320 years since the ‘Big One’ doesn’t mean it’s overdue: Canada Research Chair

‘It could happen today, tomorrow or 100 years from now’

Police seek ID of man who stole from store, pulled knife on owner and fled scene on bike

Oak Bay police are asking for help identifying the suspect

Oak Bay police searching for missing man

Nicholas Hasanen has not been seen in a couple of weeks, is known to sleep in local parks

UPDATED: Man arrested on Richmond Avenue after standoff with police following ‘serious assault’

Police were called early Sunday morning following an assault in the building

Trees topped, greenery snatched from Saanich park

‘If everyone took one thing, there’d be nothing left,’ says president of park society

VIDEO: SNL skewers Trudeau’s mockery of Trump in high school cafeteria sketch

The three world leaders won’t let Trump sit at the cool kids’ table

Greater Victoria 2019 holiday craft fair roundup

Get a jump on your holiday shopping

Wealth of Canadians divided along racial lines, says report on income inequality

One interesting finding was that racialized men have a higher employment rate than non-racialized men

B.C. universities post $340 million worth of surpluses thanks to international student tuition

Students call for spending as international enrolment produces huge surpluses at many universities

Conservatives urge Morneau to deliver ‘urgent’ fall economic update

Morneau says the first thing the Liberals plan to do is bring in their promised tax cut for the middle class

INFOGRAPHIC: How much money did your local university or college make last year?

B.C. university and colleges posted a combined $340 million surplus in 2018/19

B.C. creates $8.5M organization to improve safety for health care workers

Group will bring together unions, province, health care organizations

Kovrig clings to humour as ‘two Michaels’ near one year in Chinese prison

Their detention is widely viewed as retaliation for Canada’s arrest of Chinese high-tech scion Meng Wanzhou

Most Read