HELP PAY THE RENT

Rents in Canada continue to rise. A report in January from Urbanation found average rents for Toronto condos reached a record $ 2.77 per square foot in at the end of 2016. Based on an average leased unit size of 719 square feet, renters must come up with $ 1,990 every month. Nationally, average rents were $ 995 a month and rising 3.4 per cent in a year.

A New York Times story published in February reported that 40 per cent of those between 22 and 24 are getting help with rent from their parents to the tune of an average US$ 3,000 per year.