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.
Since 2004, lower-end new home prices have risen by 265%, while young dual-earner incomes grew 76%
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?
Home income. As mentioned in the article.
Which is $40k higher than the Canadian median home income of $75,000 in 2024.
move to Winnipeg or Edmonton I guess.
But at least it is possible in most region.
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Local Communities
Sorted alphabetically by city name.
🏒 Sports
Baseball
Basketball
Curling
Hockey
Soccer
💻 Schools / Universities
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
🗣️ Politics
🍁 Social / Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca