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Old 01-27-2022, 09:20 AM   #1115
CliffFletcher
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Join Date: May 2006
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Quote:
Originally Posted by GGG View Post
I used family income intentionally and compared it to SFHs intentionally.

https://www150.statcan.gc.ca/n1/en/p...df?st=f6pawgfY

In Canada Couples with children under 65, the drivers of SFH demand have a after tax income of 105,000.
I expect the increasing tendency of adult children to live at home through their 20s is skewing household income figures. A household with dad earning 70k, mom earning 60k, 27 year old daughter earning 50k, and 25 year old son earning 40k aren’t really as affluent as the $220k household income would suggest. When it comes to house affordability, two of those people probably aren’t contributing to mortgage payments.
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Quote:
Originally Posted by fotze View Post
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