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by cryptofistMonk
1914 days ago
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All these articles assume median incomes with 10% savings for a down payment, which to me seems ridiculous and is simply never going to be enough to buy a detached home in a major city. Here's the income data for 25 to 34 year olds in Vancouver: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=111002... We're talking about incomes of only $46k CAD. Is the author really expecting a young couple saving 9k per year to come up with a down payment on a detached home in one of the most expensive cities in the world? |
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