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.  <a href="https://www.ctvnews.ca/business/here-s-how-much-income-is-needed-to-buy-a-home-in-major-canadian-cities-1.6362638">https://www.ctvnews.ca/business/here-s-how-much-income-is-needed-to-buy-a-home-in-major-canadian-cities-1.6362638</a>

Here's how much income is needed to buy a home in major Canadian cities

Jennifer’s entire career has been in Real Estate since she graduated with her B.COMM Honours from the Queen’s School of Business in 2005.  Jennifer Van Sickle is a heart centred visionary who is motivated by her souls’ desires to help people – both clients and colleagues. In the industry she has a strong reputation as a tough negotiator (Certified Negotiation Expert Designation, CNE) which she executes in a friendly and professional manner. 

The growth of her business and team has been built on repeat and referral business which she takes great pride in as it speaks volumes to her level of service. She is a 5-year consecutive award-winning Real Estate Agent with her most recent recognition as the recipient of the 2022 Red Diamond Award (Top 2%) and 2022 National Top 10% Award. Click to view my Full Profile.

Jennifer Van Sickle

Here's how much income is needed to buy a home in major Canadian cities

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 le...