@realtormesut: HOW MUCH INCOME DO YOU REALLY NEED TO BUY A HOME IN CANADA? 🇨🇦🏡 The answer can change dramatically depending on where you buy. Under the assumptions used in this comparison, cities like Vancouver, Victoria and Toronto require much higher household incomes than markets such as Edmonton, Saskatoon or Winnipeg. But here’s the important part 👇 The home price is only the starting point. Your actual mortgage qualification can change based on: 💰 Down payment 📉 Mortgage rate 🏦 Stress-test qualification 💳 Existing debts 🏠 Property taxes 🔥 Heating costs 🏢 Condo fees 📊 Credit profile 📅 Amortization and lender guidelines That means two buyers looking at the exact same $700,000 home may qualify very differently. And sometimes changing the city, property type or down payment can completely change what becomes affordable. So instead of asking only: “How much house can I afford?” Ask: “Where does my income and budget give me the best options?” Which Canadian city surprised you the most? 👀👇 📌 Save this for your future home-buying plan. 📤 Share it with someone thinking about buying in Canada. 📩 Buying in Toronto or the GTA? DM @realtormesut #CanadaRealEstate #TorontoRealEstate #HomeBuyingCanada #MortgageCanada #CanadianRealEstate

Mesut Cengiz | REALTOR® :

Would you rather earn more and live in Toronto/Vancouver, or take a lower housing cost in Calgary/Edmonton? 👀👇

Jaceidus :

not even true lol

bakerstreet :

What’s with this sudden obsession to buy a house? Not even on my radar when I was younger.

user95622576408587 :

Where is Newfoundland and Labrador ???

Wayne :

why isn't spuzzum on the list? this isn't right

Alex Laplante 🇨🇦 :

Nope this isn’t accurate

Emm :

I have never made 97 000

Nik :

Avg price for a single detached home in Whitehorse is approximately $750k 😳

Shelley Thibodeau495 :

I’m tired of people leaving out NB and PEI. We count too.

CDNbacon :

Now add in a 60k car, insurance, gas, food, tons of bills…good luck in Canada

CanadianBlazer :

these are for houses... not homes.

Max :

Maybe with a 50 year mortgage 😂😂😂

JC Viper :

This is assuming you have no equity at all...

jack astors :

with 0 down

Shmichael1978 :

Minimum I needed in 2000 when I bought I needed to make $19,000 a year to buy in the lower mainland at age 21 with a $5100 down payment now the same place you need to make $117,000 a year with a $25,000 down to buy the same place so can’t see how Home ownership is possible for any one young now a days

SteveM1214 :

Foreign

Jaceidus :

assuming zero debt here ya go

Little X :

magic_inaminute :

this chart is debatable, plus it's assuming you already have that massive down payment

paulrchancey :

I guess you use hilroy no Newfoundland

🇨🇦James :

Edmonton rocks...big city amenities with small city prices

Hamburger :

These numbers are no where accurate. Lol

Funky :

Such bull shit….stop

Catherine@CA :

Bullshit [Big LOL]