Comment 114650

By kevlahan (registered) | Posted November 05, 2015 at 12:46:43 in reply to Comment 114649

Just to put some numbers on affordability.

The median household income in Canada is $76k per year. Based on a 4% interest rate, 1.25% property tax and $50k down payment, anything up to $370k is affordable to the average household based on no more than 30% of income on mortgage and property taxes.

http://www.mortgagecalculator.org

Comment edited by kevlahan on 2015-11-05 13:50:09

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