Quote:
Originally Posted by AFireInside
Of course Calgary is more affordable if you put $100,000 down on a $400,000 house....
The report is based on 25% down on a 25 year mortgage.
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I agree with you, just was surprised that Calgary and Manitoba were better favorably to the rest of the country and surprised that Calgary ranked better than it's historic average (even with the difficult metric of 25% down)
It would be great to see stats showing the proportion of mortgages done with different amounts down compared the the past and see how much it actually has changed.