Is it just me, or did they never get around to answering the question?
In my area, the required combined income for a first time home was $120,000 back in 2017; I can only imagine it’s gone way up since then, considering property values have doubled.
Yeah, but dual earners each earning $115k means they’re earning $230 combined which is well over the threshold for a first home purchase, even in Vancouver. Or did they mean combined salary?
6 Comments
adespoton@lemmy.ca · 12 pts · 133d
Is it just me, or did they never get around to answering the question?
In my area, the required combined income for a first time home was $120,000 back in 2017; I can only imagine it’s gone way up since then, considering property values have doubled.
ValueSubtracted@startrek.website · 14 pts · 133d
adespoton@lemmy.ca · 1 pts · 133d
Yeah, but dual earners each earning $115k means they’re earning $230 combined which is well over the threshold for a first home purchase, even in Vancouver. Or did they mean combined salary?
No_Maines_Land@lemmy.ca · 8 pts · 133d
Home income. As mentioned in the article.
Which is $40k higher than the Canadian median home income of $75,000 in 2024.
Gmak2442@lemmy.ca · 7 pts · 133d
But at least it is possible in most region.
rozodru@piefed.world · 5 pts · 133d
move to Winnipeg or Edmonton I guess.