Quote:
Originally Posted by urban1
Median family income in Calgary is closer to $80,000. I dont have the most recent statcan #s handy but its somewhere around there.
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I don't recall exactly what it is either, though I do recall that Alberta has the highest median family income of any province.
With over 70% of income going to home ownership in Vancouver, that's one of the reasons some people think Vancouver is unsustainable and is going to have a big correction, while Calgary is still at 45% last I saw (though it's probably over 50% by now).. still too high, but wages are increasing faster in Alberta than anywhere else too.
We're not at the top of housing prices, not yet.