[WarOnPrivacy]

> Plenty of affordable homes in Canada at the $500,000 mortgage + down payment range.

Canadian humor is weird.

Using the most typical US salary as a guide, it would require the combined salaries of 6.3 people to afford a $500k home. After adding insurance, maintenance, fees, property taxes, etc - I'm thinking more like 8 people (10 in FL).

ref: https://www.marketwatch.com/story/how-much-do-you-need-to-ea...

ref: https://www.indeed.com/career-advice/finding-a-job/common-jo...

[3vidence]

Even that $500,000 would be a steal in most markets in canada. The average house price is about 780,000 across the country and $900,000 in Ontario the most populous province.

If houses were just 500,000 and there were jobs in those areas I think we WOULD see more entrepreneurs because that was pretty much the conditions 10 years ago that TFA mentioned

[ipaddr]

The parent mentioned $500,000 mortgages are the thing of the past.

The $500,000 is usually carried by two. $250,000 mortgage while expensive is still much cheaper than current rental values.

[snovv_crash]

The rent would also be carried by 2.