RE/MAX Escarpment
Languages
Specialties
Business Opportunities, Buyers, Downsizing, First Time Buyers, First Time Sellers, Investments, Luxury Homes, Power of Sale, Relocation, Residential, Sellers
Locations
Burlington, Collingwood, Fonthill/Pelham, Hamilton, Oakville, St. Catharines, Stoney Creek
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