2026-08-23 21:38 UTC
@FluentInFinance@mastodon.social average inflation, or housing inflation? Housing inflation matters more for this income level, so much income will go to housing.
Replies (1)
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@Routhinator@tenforward.social 2026-08-23 22:20
@johnefrancis@cosocial.ca @FluentInFinance@mastodon.social also feels like it has not factored in the size of house needed to raise a family in. The minimum household income for a $500k mortgage is $200k now, in Canada. $500k will get to between 2-4 bedrooms and 1-2 baths, depending on how close to services and city centres you are, and how much of a fixer upper the house is.