Ontario’s minimum wage would have to rise to $40 an hour for Toronto workers to comfortably afford a two-bedroom apartment and still have money for food and utilities, according to a report from the Canadian Centre for Policy Alternatives.
Nearly all Canadians putting in a 40-hour week at minimum wage are allocating more than 30 per cent of their monthly pre-tax income toward rent or mortgage costs — the marker of unaffordable housing — Tuesday’s report found.
