How Much Home Can You ACTUALLY Afford (By Salary)

How Much Home Can You ACTUALLY Afford In Canada (By Salary)

Thinking of buying a home in Canada? Awesome! With prices soaring, it's crucial to know how much you can afford based on your salary. In today’s video, we break down affordability for incomes of $50K, $100K, and $200K.

Discover how to qualify for a mortgage, the ins and outs of down payments, the impact of mortgage insurance, and more. Plus, learn the secret to saving for retirement while maintaining a great quality of life. Don’t miss it!

𝗗𝗢𝗪𝗡𝗟𝗢𝗔𝗗 𝗙𝗥𝗘𝗘 𝗚𝗨𝗜𝗗𝗘𝗦:

𝗚𝗘𝗧 𝗠𝗬 𝗛𝗘𝗟𝗣:

𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 𝗙𝗢𝗥 𝗥𝗘𝗔𝗟 𝗘𝗦𝗧𝗔𝗧𝗘 𝗧𝗜𝗣𝗦 & 𝗜𝗡𝗦𝗜𝗚𝗛𝗧𝗦:

𝗩𝗜𝗘𝗪 𝗛𝗢𝗠𝗘𝗦 𝗙𝗢𝗥 𝗦𝗔𝗟𝗘:

😀 𝗖𝗢𝗡𝗡𝗘𝗖𝗧 𝗪𝗜𝗧𝗛 𝗚𝗟𝗘𝗡 𝗢𝗡 𝗦𝗢𝗖𝗜𝗔𝗟:

Glen Hopkins
Personal Real Estate Corporation
Macdonald Realty
604-612-5164

DISCLAIMER: The opinions expressed herein are solely that of Glen Hopkins Personal Real Estate Corporation, not Macdonald Realty or the Fraser Valley Real Estate Board, and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Always be sure to consult your professional advisor before taking action on any decisions relating to the matters discussed in this video or any other videos created by Glen Hopkins. This communication is not intended to cause or induce a breach of an existing agency agreement.

#glenhopkins

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I'm surprised you don't address the fact that the top 10% income earners make just over $100k a year. Which means that 90% of the population can't afford to buy a $500k home. Add to that, home here in Ontario are north of $500k by a mile. You're not addressing the current crisis.