Quote:
Originally Posted by Leondros
There are over 240 listings in the Calgary area for detached houses for under $400K. If that's not affordable I think you need to temper your expectations.
That's a $20K down payment and $1,300 per month in mortgage payments. Based on the affordability calculator that's roughly a household income of $50 - 60K to support that or $30K per person.
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But $400k doesn't get you into Lake Bonavista and if you can't live in Lake Bonavista then livin ain't worth livin.