In Canada the average home price is $750k, and you need an income of $180k to qualify. That’s less than the top 10% of earners in the country.

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by BoatSurfer600

via yahoo:

The housing market in 2023 has so far presented significant challenges for buyers of all kinds. Although prices have begun to slowly decrease in some areas, they still aren’t far off the historical highs reached in March of this year, after an astonishing 131-month streak of increases. Inventory is also low, around 46% less than the historical average going back to 1999.

According to a recent report from the National Association of Realtors, it’s low- and middle-income buyers — those with household earnings of $75,000 or less — that are being hit the hardest. Five years ago, middle-class households earning around that $75,000 mark were able to afford about half of all available homes. Today that number has declined to 23% of listings.

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Meanwhile in US