3 ms·
this is only true because of demand aka, as you allude to, 99% of canadians don’t have $400k to put down or $200k/yr for a monthly mortgage payment but i’m gu
by MuffinFlavored 4y ago
this is only true because of demand
aka, as you allude to, 99% of canadians don’t have $400k to put down or $200k/yr for a monthly mortgage payment
but i’m guessing supply is gobbled up by people who do meet those criteria. buyers abroad? investment firms?
it’s a weird thought. “only 1% of canadians can afford an average house, yet prices are high because that’s what those who can afford them agree to pay”