Video · 46 seconds
Income you need to buy a home in 7 Canadian cities
At the five-year fixed rate three big banks are offering, none of our seven cities passes the 30% affordability test, and Edmonton sits right on the line. Even at the lowest rate we found, only Edmonton passes. Vancouver is the extreme, at about 225,000 dollars a year, twice what a typical household earns.
225,000 dollars a year to own the typical Vancouver home
The typical Vancouver household earns about 111,000.
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