ahappycamper
New member
@faith916 Not true. Lots of amazing foreign countries let you buy property. Canada is expensive because the housing supply is nowhere near demand and immigration is through the roof.
A simple affordability calculator gives a necessary salary of 125k for a 500k home. That's a very high salary and a very cheap home, both of which are not common.
60% of adult Canadians own their homes because they purchased before prices went crazy. Most people i know could never afford their current home if they had to buy in todays market.
All this adds up to the near impossibility of buying something reasonable in Canada if your not being helped in some way. Buying overseas is a completely reasonable idea and should be seriously looked into. Why be completely house poor for life here? The privilege of living in Canada?
A simple affordability calculator gives a necessary salary of 125k for a 500k home. That's a very high salary and a very cheap home, both of which are not common.
60% of adult Canadians own their homes because they purchased before prices went crazy. Most people i know could never afford their current home if they had to buy in todays market.
All this adds up to the near impossibility of buying something reasonable in Canada if your not being helped in some way. Buying overseas is a completely reasonable idea and should be seriously looked into. Why be completely house poor for life here? The privilege of living in Canada?