Marc Lee
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marclee.bsky.social
Marc Lee
@marclee.bsky.social
1.3K followers 270 following 57 posts
Economist, talking head, Vancouver.
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Reposted by Marc Lee
Got the last word in this update on the BC public sector workers strike: “There’s been a little bit too much of the punditry setting their hair on fire around the deficit"
thetyee.ca/News/2025/09...
Are Striking Workers Putting Enough Pressure on BC’s Government? | The Tyee
Alcohol and cannabis distribution workers walked off the job Tuesday as the BCGEU strike entered its fourth week.
thetyee.ca
Reposted by Marc Lee
Rents in Canada remain unaffordable for low-to-moderate income households, costing in some cities more than what two people, making minimum wage, can earn together. New report by @marclee.bsky.social + @davidmaccdn.bsky.social breaks down the issue. #canlab
www.policyalternatives.ca
In the short term, we expect rents to ease due to reduced population growth and new rental and condo supply under construction. But the gap is still huge for most ordinary households. Higher minimum wages are needed but also fed/prov initiatives to build non-market housing
We also look at Statscan data on asking rents for unoccupied units -- that is, what you'd need to pay if looking for a pad next month. These rental wages run even higher, like >$40 per hour for Toronto and Vancouver
We use a standard affordability benchmark of max 30% of income spent on rent. Otherwise people will need to cut into other spending, live in smaller digs or get a roommate. The key is the link between local wages and housing costs, esp for low to middle income earners
We also compare the rental wage to the minimum wage. In only 8 cities (6 in Quebec) could you afford a 1-BR while working full-year full-time at minimum wage. In Toronto and Vancouver you need >2 min wage jobs for a 1-BR
Our latest looks at housing affordability by calculating the "rental wage" or hourly wage one needs to afford a 1 or 2-BR apartment in different Cdn cities. Detailed tables available in the update and a map tool that drills down to the neighbourhood level
www.policyalternatives.ca/news-researc...
Making Rent: The CCPA’s rental wage update 2024 - CCPA
It’s almost cliche to say that the high cost of housing is at the heart of Canada’s affordability crisis. Although much media attention is placed on the home ownership market, for the one-third of hou...
www.policyalternatives.ca
New from Stuart Trew and I: a long read on state of play of Canada-US trade, including a review of the various tariffs to date, an analysis of impacts on Canada's exports, a review of the "deals" Trump has negotiated, and what's on the table for Canada. www.policyalternatives.ca/news-researc...
Elbows up, or bend the knee? - CCPA
International political discourse in 2025 has been haunted by the spectre of Donald Trump and his brute force reshaping of global trade relationships to the (perceived) advantage of the United States....
www.policyalternatives.ca
Reposted by Marc Lee