this post was submitted on 04 Aug 2023
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How much does one have to make to buy a $1.2 million home in Vancouver? (lemmy.ca)
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]
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That's the benchmark price in Vancouver. Let's say one has $300k for a downpayment. What does the household income, pre-tax, have to be to afford that home?

I know there are online calculators, but I'm not sure how accurate they are, and I figure this group will be more knowledgeable.

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[–] [email protected] 3 points 11 months ago

$225,000-300,000 income assuming the age old 3-4x your income guideline