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Published 2 years ago

Here's How Much Money You Need To Earn To Afford A Home In Canada's Major Cities Right Now

Summary by Ground News
A new report by the National Bank of Canada has revealed just how much money you're going to need to earn if you want to buy a home in one of Canada's major cities. According to the report, this is the "worst deterioration" in the market in 41 years, on both a quarterly and yearly basis. In the second quarter of 2022, it cost the average Canadian about 63% of their income to pay their mortgage.

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