Analysis of rental data reveals 87 of 177 rental projects approved through Ottawa’s Apartment Construction Loan Program exceed what a typical renter household can actually afford to pay
Note that “could afford” means the rent is 30% or less of their income. This is a pretty reasonable target, but not inviolable, especially when housing is out of whack with the rest of costs.
Note that “could afford” means the rent is 30% or less of their income. This is a pretty reasonable target, but not inviolable, especially when housing is out of whack with the rest of costs.