Vancouver renters spend 60% of monthly income on housing

A report reveals that renters in Metro Vancouver are spending an average of 61.65% of their income on rent, well above the recommended 30%. One-bedroom unfurnished rentals increased slightly, while furnished rentals saw a significant rise. Rental prices vary across the region, with West Vancouver being the most expensive. The market is challenging for renters, with concerns about affordability and saving for a downpayment.

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