• Nik282000
    link
    fedilink
    arrow-up
    9
    ·
    7 months ago

    In 2023 the average household income was 75K and the average home price was 715k. >9x

    In 1999 the average household income was 57K and the average home price was 229k. ~4x

    Even if you make 100K you are still just doing “ok” in Canada because the value of your work has been cut by more than half in the past 20 years.

    • Papamousse@beehaw.org
      link
      fedilink
      arrow-up
      2
      ·
      7 months ago

      Absolutely, it’s almost impossible to buy a house. How can people have a 6k/month mortgage is beyond me