Thirty per cent is the often-touted maximum percentage of your income that you should spend on a home. But in an age where the average one-bedroom apartment in Vancouver rents for $2,787 a month, is that number still realistic?
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“Hey, remember those general rules we set to help you make sure you were financially secure?! Well they’re not obtainable now so just forget we said anything.”
lmao that went out the window for millenials and gen Z years ago. it was a nice idea though.
When affordability becomes impossible, just change the criteria of what’s considered affordable lol.
