Wednesday, May 20, 2015

How much income is required to buy the "average" home across Canada

It is suggested that no more than 32% of a borrower's annual income should go to ownership costs. But in Canada's extremely hot housing market this is not the case.

What is involved in owning a two-storey home:

  • Average Price
  • How much income is required to get a mortgage
  • Percentage of income directed to home ownership












Reference