Most Canadians know it's expensive to maintain the True North part of our national character.
Living North of 60 is a pricy proposition; Just look at this list of typical living costs in Yellowknife, N.W.T.
The territorial government is recognizing the financial squeeze on residents with a new program to help those paying one third of their income or more on rent.
The Northwest Territories Housing Corporation plans to pay up to $500 towards rent under a new Transitional Rent Supplement Program, CBC News reports.
To qualify, renters must be over age 19 and earn less than $70,000 if living in Yellowknife — the cutoff varies depending on location. The corporation will pay the money directly to the landlord for up to two years, CBC News said. People paying mortgages are not eligible.
With an average rent of $1,500 a month for a two-bedroom apartment, Yellowknife last year was the second most expensive city in Canada, according to the Canada Mortgage and Housing Corp.
Only Iqaluit, capital ofRead More »from NWT program to subsidize rents highlights perennial cost-of-living issue in Canada’s North