Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians 'drowning in debt': 47% will borrow to cover costs, survey says

GGG · 11-02-2019, 09:01 PM

Let’s go with Median Family income in Calgary which is 100k for a discussion of average.

https://regionaldashboard.alberta.ca...m=2013&to=2017. Let’s assume a 30% tax rate because I am to lazy to do the math.

So 70k after tax which is 5800 per month. The median detached house in Calgary is 450k so a 25yr mortgage, 5% down which is about 2k per month. Daycare might crush them as an expense. More ridiculous is that a bank would lend them about 600-650k

So the Median Family in Calgary can afford the median detached home.

11-02-2019, 09:01 PM	#754
GGG Franchise Player Join Date: Aug 2008 Location: California Exp:	Let’s go with Median Family income in Calgary which is 100k for a discussion of average. https://regionaldashboard.alberta.ca...m=2013&to=2017. Let’s assume a 30% tax rate because I am to lazy to do the math. So 70k after tax which is 5800 per month. The median detached house in Calgary is 450k so a 25yr mortgage, 5% down which is about 2k per month. Daycare might crush them as an expense. More ridiculous is that a bank would lend them about 600-650k So the Median Family in Calgary can afford the median detached home.