Quote:
Originally Posted by blankall
It's cool though. No housing shortage in Canada. Young people just need to stop spending money on anything else and work harder.
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I know that's the common trope - that nothing's affordable; young people will never be able to buy - but I think Twitchy's situation paints a different picture.
Even at a $510,000 sale price, with 10% down, the payments would be ~$2,700 per month. Not exactly cheap, but do-able for a young couple each employed full time, making ~$45k or ~$20/hr.
I think it's more telling that Twitchy's house achieved 3% annual growth; Calgary's market has been relatively flat is still affordable... for now.