salary needed to buy a house in canada
Average-income families can no longer afford a detached house in more than a quarter of Canadaâs largest cities, according to an analysis carried out by The Huffington Post Canada.he average of the mortgage expertsâ estimates came to $460,000 â thatâs what you can borrow, assuming a household income of $87,000, a 25-year amortization period, a 5-per-cent down payment, no other debts and current mortgage rates.