Quote:
Originally Posted by logan5
What price point do you consider affordable for most people, if you don't mind me asking?
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Please refer to my edited version of the post, that shows that affordability has stayed relatively the same for the last 20 years.
Dollar amounts are going up in house pricing, but so are wages.
That's the only logical conclusion one can come to when the % of income required is actually lower than it was in 1990, even though prices have exploded.
It also shows that the % of income required to own a condo in Vancouver and Toronto are essentially the same.
RBC actually concludes that Vancouver has become slightly less "unaffordable" in the last year despite a 6.5% rise in prices.
I'm not in the position to judge what's affordable to most people. The market does that all by itself...
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