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by kareemm
3488 days ago
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> It's mostly Canadian citizens, coupled with low interest rates that are causing this bubble. If that's true, how do you explain that the median home price to household income ratio is roughly 12x?[1] Affordable is defined as 3x. 1 - For house price I used the 900k avg house price from the parent article. For median family income I used 76k from StatsCan's 2014 census. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f... |
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