If you’re Canadian, and buying a house in the last 5 years, I think keeping those expenses to 30% of gross income is a dream out of reach for the vast majority

If you’re Canadian, and buying a house in the last 5 years, I think keeping those expenses to 30% of gross income is a dream out of reach for the vast majority of people. In larger markets where incomes are higher, mortgages alone are well over 30%.