January 30, 2014
The Ontario government has announced that the minimum wage will move to $11 on June 1. My colleague Sheila Block has drawn the links between the minimum wage, racialized workers and poor health. But what about the minimum wage and affordable housing?
The short answer: Even with the June boost, an employee working full-time for an entire year would still only earn about half the affordable housing wage – the amount of money required to live in a one-bedroom apartment in Toronto.
The average market rent for a one-bedroom apartment in the City of Toronto, according to the latest survey from Canada Mortgage and Housing Corporation, is $1,035. That number is not much different than the $1,028 in the Greater Toronto Area.