Can you afford a home in these cities?

GLOBE AND MAIL

 Housing affordability is a national disaster that begs further investigation.  The average national resale home price in May: $416,584.  The annual gross income needed to afford that price based on a 5-per-cent down payment and a five-year mortgage: $89,363.  The estimated median family employment income: $68,692

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Michael James

Michael James

Sales Representative
CENTURY 21 Capital Realty Inc., Brokerage*
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