My parents bought their house, brand new, on paper, in a suburban part of Montreal for 60k which was about the same amount as their yearly gross pay combined working as financial advisors in a local financial institution.
The same house today actually costs between 450-500k. The pay for that same position? 40k/person for the same amount of experience they had back then. That would make it about 80k/year. So the same house costs nearly 6 times the combined wages for that same position. SIX TIMES! And it’s not even is a nice place. It’s far from everything, has little public transportation options, and is surrounded by oil refineries.
I don’t know what small town you bought your house in, but it doesn’t reflect the reality that the vast majority of Canadians face.
Anywhere else, homes DO cost more. WAY more.
My parents bought their house, brand new, on paper, in a suburban part of Montreal for 60k which was about the same amount as their yearly gross pay combined working as financial advisors in a local financial institution.
The same house today actually costs between 450-500k. The pay for that same position? 40k/person for the same amount of experience they had back then. That would make it about 80k/year. So the same house costs nearly 6 times the combined wages for that same position. SIX TIMES! And it’s not even is a nice place. It’s far from everything, has little public transportation options, and is surrounded by oil refineries.
I don’t know what small town you bought your house in, but it doesn’t reflect the reality that the vast majority of Canadians face.