2023-09-20 04:00:00
A retired civil servant stuck by soaring rent prices went so far as to change regions to have more money in her pockets and make ends meet better.
“I had to leave a four and a half in Lanaudière for a three and a half in Longueuil. The rent is much cheaper. I went from $950 to $800 per month,” confides Aline Laporte, a retired public servant for four years, seen on Tuesday in Longueuil.
“That $150 saved helps me because I can put a little more into food, which is less affordable,” she continues. “When I go grocery shopping, I am limited. I’m giving up the little treats,” she shares.
Like her, more than 24.6% of tenant households had to spend 30% of their gross income on housing in Longueuil last year, according to the Observatoire Grand Montréal.
Listen to the interview with Gabriel Fortin aka Josfinance via QUB radio :
Growth of 6.8 % rents
On Tuesday, Statistics Canada published data showing that growth in rental prices accelerated over 12 months in Quebec, going from +5.8% in July to +6.8% last August.
According to the federal agency, increases in interest rates largely explained this umpteenth upward pressure.
At the Tremplin house in Longueuil, which welcomes with open arms those who have difficulty making ends meet, its assistant director, Nathalie Bonin, never stops coming across people who often even have less than $35,000 in income. family in the neighborhood.
“Rents have increased so much. People tell us that they need to review the way they live and spend,” she shares, showing us around her collective kitchen.
Nathalie Bonin, assistant director of the Tremplin house in Longueuil, helps people eaten away by inflation to get by. Photo Francis Halin
“We have a thrift store, a food service and activities to help them,” she adds.
Mission impossible
And to buy a home, the slope is even steeper, according to recent data from the financial products comparison platform Ratehub.ca. The project is downright unattainable for many.
While it took an income of $113,550 to buy an average home worth $520,000 in Montreal last July, it took $1,130 more in income one month later, in August, or $114,680, to s ‘pay one of $521,600.
“August’s total inflation is not the only data causing concern. In most major categories of the consumer price index (CPI), price growth has accelerated,” concludes Randall Bartlett, senior director, Canadian economy, at Desjardins, in his note published following the data from inflation.
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