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Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
(www.bnnbloomberg.ca)
this post was submitted on 23 Aug 2023
175 points (95.3% liked)
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That's a MASSIVE stretch for a typical family of 4 on your average income scenario, Once you factor in all the utils, maintenance... the $400 to $500/month property taxes, a $650/month car payment (an average family has a car payment)... and the incredibly high cost of food... they will be well over stretched at a 50%.