Financial Post: You need to plunk down at least $175,000 and 40% of your monthly income to afford a home in these cities

Canadian housing affordability is, rightfully, emerging as an election issue (whenever that will be held) — it certainly is on the radar of the federal government that is hoping to get a majority in the next cycle. A new report by Re/Max shows that some of Canada’s most populous cities require households with median income to plunk down at least $175,000 for a 20 per cent downpayment and still had to allocate more than 40 per cent of their monthly income for the next 20 to 25 years to purchase a house.   READ MORE...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988