Vancouver avg. detached home ~$1.8M, requiring 20% minimum down payment.
That minimum down payment totals ~$367K, based on the avg. price.
The analysis says affordability gaps between major Canadian cities have widened.
CMHC survey: 41% used gifts or inheritance for down payments.
Suggested options: First Home Savings Account, remote-friendly cheaper markets, or rent-vesting.

Vancouver Down Payment Takes 83 Years
by
Tags:
Leave a Reply