this post was submitted on 03 May 2026
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[–] adespoton@lemmy.ca 12 points 4 days ago (1 children)

Is it just me, or did they never get around to answering the question?

In my area, the required combined income for a first time home was $120,000 back in 2017; I can only imagine it’s gone way up since then, considering property values have doubled.

[–] ValueSubtracted@startrek.website 14 points 4 days ago (1 children)

Since 2004, lower-end new home prices have risen by 265%, while young dual-earner incomes grew 76%

[–] adespoton@lemmy.ca 1 points 4 days ago (1 children)

Yeah, but dual earners each earning $115k means they’re earning $230 combined which is well over the threshold for a first home purchase, even in Vancouver. Or did they mean combined salary?

[–] No_Maines_Land@lemmy.ca 8 points 4 days ago

Home income. As mentioned in the article.

Which is $40k higher than the Canadian median home income of $75,000 in 2024.