You need to earn a whopping $230,000 per year to buy the AVERAGE home in Vancouver

Real Talk with Corbin | April 7, 2024 | written by Corbin Chivers

πŸ”΄ You need to earn a whopping $230,000 per year to buy the AVERAGE home in Vancouver, according to ratehub.ca. πŸ’°πŸ‘

This income is based on the average home in Vancouver being $1,183,300.

Do you want to know what you’d have to earn to buy the average DETACHED house, valued at $1,972,400? It’s, for lack of a better word, an INSANE amount of $383,959. Remember this is just the average, and a lot of those homes are pretty crappy to be honestπŸ˜…. 🀯🏠

This chart shows that just over in Calgary, Alberta, you only need to earn $118,000 to buy the average home valued at just $569,000. And what would it cost to buy the average DETACHED home in Calgary, which is sitting at just $718,000? It’s just $139,000. Remember that’s compared to Vancouver’s nearly $400,000 income. πŸ“ŠπŸ˜οΈ

So what do you think? What do make of living in Vancouver, where you’d have to literally be in the top 1.5% of income earners to afford an average house vs Calgary, where most middle class families with two income earners can easily afford a detached house?

Please let me know your thoughts in the comments section belowπŸ‘‡πŸ‘‡πŸ‘‡! πŸ’¬

And as always if you got value from this video, please give it a like and a share and follow for more great content! πŸ‘πŸ”„πŸ“²

#realestate #realtor #bc #vancouver #Alberta #Calgary #surrey #langley #funnymemes #funnyvideo #fun

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