Quote:
Originally Posted by photon
In Calgary people are moving here, and affordability is still low compared to a lot of the country.
http://www.rbc.com/economics/economi...bruary2014.pdf
Average price and affordability measure for major cities and the Canadian average:
Code:
Vancouver $845,600 86.0
Toronto $662,500 63.7
Montreal $399,300 50.8
Ottawa $403,900 38.4
Edmonton $375,200 36.5
Calgary $461,100 34.2
Canada $425,800 48.7
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Is that means 35 % of pretax income is needed to buy $461,100 house ? qualifying income for this kind of house is 95k$ ? so whoever owns a house with this price has this income ?