How Winnipeg housing prices compare to the rest of the country winnipeg.ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipeg.ctvnews.ca Daily Mail and Mail on Sunday newspapers.
VANCOUVER A recently released report confirms homeownership remains a distant dream for many living in one of Canada s priciest markets. The latest Housing Affordability Monitor, a report issued by the National Bank of Canada, estimated just how much a perspective homebuyer would need to earn to be able to afford the typical home currently on the market in the Metro Vancouver area. The report looks to benchmarks, a metric different than averages, as an indicator for how much a would-be buyer can expect to pay. The bank estimates the price of the representative condo in the Vancouver area – meaning a condo that is typical of what s been available recently – at $633,030.
Emploi | Le portrait est moins sombre qu il n y paraît lapresse.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lapresse.ca Daily Mail and Mail on Sunday newspapers.
A down payment on a Toronto house should take 24 years to accumulate
A National Bank report suggests you need to make $178,499 annually and save for 289 months to accumulate the down payment By NOW Staff
Samuel Engelking
The average Canadian would have to save for 24 years to afford a down payment on a house in the Toronto real estate market. That, according to a National Bank report, assumes a household annual income of $178,499.
The National Bank report, Housing Affordability Monitor, pegs the price tag for an average non-condo home in the Toronto real estate market at $1,039,438 – or 30.5 per cent above the national average. The report assumes that a household earning the necessary six figure salary would have to save for 289 months at 10 per cent rate in order to accumulate a six per cent down payment.
Canada, home of the bank stock unicorns theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.