According to the folks at Fox News, Canadian rental tenants are getting a pretty unbelievable deal.
Last weekend, the U.S. network was reporting on how much it would cost to move to Canada in the wake of a Donald Trump election, and listed off average prices for things immigrating Americans would have to cover like groceries, gas and a work permit. The numbers Fox News listed for all of those categories seemed fine, but we raised an eyebrow when we saw how much the network said the average Canadian pays for rent.
Cost of living in Canada. pic.twitter.com/ha3313j47V
— Fox News (@FoxNews) May 29, 2016
According to Fox News, it costs only $4,470 to rent property for an entire year in Canada. We suppose that might be correct if, you know, Canadians actually lived in igloos like many Americans believe. Unfortunately for Fox News, we don’t. And Canada is actually subjected to some of the highest real estate prices in all of North America (looking at you, Vancouver and Toronto). Of course, us Canadians already knew that:
@morbital I’m guessing $4770 a year gets you a shack in the middle of wilderness, right?
— Mike Verbickas (@mikeverbs1) May 29, 2016
— bill (@DwbBill) May 29, 2016
@FoxNews Better bring a few more green backs for monthly rent & groceries! Less than $5000/yr to rent? Enjoy the cardboard box.
— They call me Ben (@Ben_in_yeg) May 29, 2016
— garrett dodd (@johnyblaze00) May 30, 2016
Fox News got its numbers from Florida-based finance blog The Penny Hoarder. And while they recorded the information accurately, it looks like reporters may have forgotten to read the fine print that came along with it. You see, the $4,470 figure’s based on how much you would pay for rent in an entire year if you lived in a three-bedroom home with two roommates to help split the cost.
Of course, that’s not an ideal situation for most Canadians, nor is it an accurate portrayal of how most of us live. In fact, to give you an idea of just how far off the mark they were, Rentseeker.ca put together a list of average rental prices in cities across Canada. Here’s how much it actually costs to rent a 3-bedroom unit for one month alone:
- Vancouver, BC: $1,615
- Edmonton, AB: $1,388
- Regina, SK: $1,251
- Winnipeg, MB: $1,230
- Toronto, ON: $1,510
- Montreal, QC: $952
- St. John’s, NL: $902
Looks like any Americans who end up moving here might be in for a bit of a surprise if they got their numbers from Fox News.