Why are rents in Canada so high?

AUSTRALIA’S RENTAL ASSISTANCE PROGRAM is a social safety net that provides subsidies to renters to cover the cost of rent. 

It’s a complicated system that helps some renters while reducing others to the level of welfare recipients.

Here’s a breakdown of how the government plans to pay for rent assistance.

 1.

Helping low-income renters A large part of the problem is the social safety nets for low- and middle-income households.

According to Statistics Canada, about 1.6 million Canadians are living in households that qualify for rent subsidies.

The program helps low-to-moderate income renters afford rent, but not enough of them actually qualify for it.

Rent assistance is only available to people with income below a certain threshold and only for the first two months of a new tenancy.

Low-income earners can apply for rent subsidy as part of their rent application.

“It’s important that we do everything we can to make sure people have the financial resources they need to get through this transitional period,” said Stephanie Harkness, director of the Canadian Centre for Policy Alternatives.

2.

Help middle-class and upper-income people In order to qualify for the subsidy, renters must earn at least $47,600 a year or more.

There are no eligibility criteria for renters who are working or self-employed.

If the taxpayer has a higher income, they may qualify for a smaller amount of rent subsidy.

For example, a renter with a $100,000 income can apply to rent subsidy for up to $2,000 a month.

3.

Help renters who aren’t making enough rent A lower income earner might qualify for less rent subsidy if they have a mortgage and the landlord doesn’t provide enough rent support to cover their mortgage.

An increase in the cost or availability of housing can also reduce the amount of money renters can make.

While some people might be able to pay off their mortgage in a month, others might have to wait until they’re in their 30s, 40s or 50s.

A small percentage of households can qualify for free rent assistance as part for the cost-of-living adjustment (COLA).

4.

Supporting renters with low income, elderly or disabled renters The COLA is meant to help lower-income Canadians who are experiencing significant hardship.

Many low-earning renters are eligible for the COLA, but the government has said they won’t get the full benefit.

Currently, some 50,000 low- income earners in the country get some kind of subsidy.

That means they can get rent assistance at a lower rate than the typical Canadian.

As the housing market improves, the government wants to increase that number to 1.5 million people, which would be a significant increase.

5.

Help low- to moderate income renters and their families A number of the programs are geared towards low- or moderate-income families, but many also benefit people in middle- and upper, middle- to upper-middle income.

In order to get the rent assistance, people must be either: aged 60 or older; or have children.

They must also have been able to meet rent standards for a year, which can be as little as a few months or as long as a year.

6.

Getting help from government If you qualify for subsidized rent assistance and don’t qualify for any other benefits, you will still be able a the government’s rent subsidy program.

7.

How much rent assistance does the government pay?

The government is currently paying about $8 billion a year in rent assistance to help low-wage workers.

This is an increase of $6 billion from the previous year.

But the government will also be covering the cost to families that have been impacted by the Great Recession.

8.

How does it compare to other social assistance programs?

While the government is paying less rent assistance than the other social programs, there are still ways to get a lot more out of the program.

If you are eligible, the most effective way to get help is to apply online and apply for the benefit within a month of receiving it.

If you are not eligible, you can also apply to the provincial government.

9.

Does the government guarantee that you will get a full rent subsidy?

The government says that people who are eligible are guaranteed a full subsidy, but this is not always the case.

According to Statistics Canadian, the average monthly income of a low-cost renter in the province of Ontario is $1,300.

People who qualify for part of rent assistance are not guaranteed a certain percentage of their income.

This means that if a person is living on a fixed income, like $50,000, but makes $3,200 a month and their rent is about $1 per night, they could still