ValueSubtracted@startrek.website to Canada@lemmy.caEnglish · 3 days agoWhy a salary of $115K isn't enough to purchase a house in some parts of Canadawww.cbc.caexternal-linkmessage-square6linkfedilinkarrow-up169arrow-down10
arrow-up169arrow-down1external-linkWhy a salary of $115K isn't enough to purchase a house in some parts of Canadawww.cbc.caValueSubtracted@startrek.website to Canada@lemmy.caEnglish · 3 days agomessage-square6linkfedilink
minus-squareValueSubtracted@startrek.websiteOPlinkfedilinkEnglisharrow-up14·3 days ago Since 2004, lower-end new home prices have risen by 265%, while young dual-earner incomes grew 76%
minus-squareEm Adespoton@lemmy.calinkfedilinkarrow-up2arrow-down1·3 days agoYeah, 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?
minus-squareNo_Maines_Land@lemmy.calinkfedilinkarrow-up8·3 days agoHome income. As mentioned in the article. Which is $40k higher than the Canadian median home income of $75,000 in 2024.
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.