The Low Income Cut-Off (LICO) is a measure based on total income before or after tax and is expressed as the percentage of families or persons 15 years and over who live below the LICO level and live in poverty. Read the rest of this entry »

 Whether buying a house or renting an apartment, spending more than 30% of one’s income on housing creates financial difficulties. The proportion of households spending 30% or more of their income on rent is an indicator of affordability and a potential contributor to homelessness. Read the rest of this entry »