How much you need to earn to afford a home in Vancouver and the GVA Jan 31st

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.

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How much you need to earn to afford a home in Vancouver and the GVA

– moneysense.ca

The Canadian real estate market has been red-hot since the pandemic started in March 2020. Home prices have risen across the board, but they are especially high in Vancouver, Canada’s most expensive housing market.

If you’re looking to purchase a home in the Greater Vancouver Area (GVA), you may be wondering how much you can afford or how much you need to earn to make that happen. Given that the average price of a detached home is nearing $2 million, you will need to have a high household income. It will also help to have a game plan and to know where to look.

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To help make things easier for you, we’ve gone ahead and calculated the household income you’ll need in order to purchase a home across different parts of the GVA, based on the average prices in December 2021…

Continue Reading On moneysense.ca »

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