RE/MAX Escarpment
Languages
Specialties
Buyers, Condominiums, Downsizing, First Time Buyers, Relocation, Rentals, Residential, Sellers
Locations
Burlington, Etobicoke, Hamilton, Mississauga, Oakville, Toronto
Apr 28, 2023
Although the average home prices have dropped over the past year in most Canadian cities, the amount of income required to purchase a home has actually increased. Affordability has become worse over the past year due to rising mortgage rates and stress tests put in place by lenders.
Canada real estate: How much income is needed to buy a home? | CTV News