Theresa  Hull-Clarke SRES

Theresa Hull-Clarke SRES

Real Estate Broker

RE/MAX Jazz Inc., Brokerage *

Email Me

Tea With Theresa Best Markets for Buying on One Income

Best Canadian Markets for Buying a Home on One Income Posted by Penelope Graham under Infographics, Real Estate News In a housing market as geographically vast as Canada, homeownership affordability can vary widely from coast to coast; while carrying a mortgage is a major financial commitment regardless of province or city, some regions are much friendlier on buyers’ bank accounts, especially those purchasing a home on a single income. In fact, owning a home solo can seem outright impossible in Canada’s most expensive markets. In Vancouver, where the median single-income household earns $38,164 and the average home cost was $1,071,800 in February, homeownership would cost said buyer 28 times their yearly salary, based on the home-price-to-income ratio. This ratio is a basic affordability measure that indicates how long it would take a homeowner to completely pay off their home if they contributed 100 per cent of their annual income to shelter costs. The higher the ratio, the longer this payment timeline. Financial experts commonly recommend restricting shelter costs to just three times one’s annual income – however, this is outstripped by even the most affordable market in Canada; owning the average-priced home of $171,596 in Saint John, NB, on the regional median income of $39,163, would still require 4 times the homeowner’s annual earnings. Where is Buying a Home on One Income Possible? To identify which Canadian housing markets were most affordable for single purchasers, Zoocasa calculated the home-price-to-income ratio in each of the nation’s major markets, based on February data from the Canadian Real Estate Association and the median household income from Statistics Canada. Check out the top 10 best (and worst) markets for purchasing a home on both a solo and multiple income in the infographic below. The Most and Least Affordable Markets for Single-Income Buyers The 5 Most Affordable Home Markets Saint John: 4 (average home price: $171,596, median one-person income: $39,163) Greater Moncton: 4 (average home price: $174,800, median one-person income: $39,456) Trois Riviers: 4 (average home price: $153,591, median one-person income: $34,745) Fredericton: 5 (average home price: $179,981, median one-person income: $34,724) Saguenay: 6 (average home price: $161,587, median one-person income: $29,125) The 5 Least Affordable Home Markets Greater Vancouver: 28 (average home price: $1,071,800, median one-person income: $38,164) Fraser Valley: 25 (average home price: $795,100, median one-person income: $31,568) Greater Toronto: 19 (average home price: $751,700, median one-person income: $39,560) Okanagan Mainline: 18 (average home price: $509,545, median one-person income: $28,900) Victoria: 17 (average home price: $5642,800, median one-person income: $37,793)


rj 5476130

I'd like to take the power of thanking you for that specialized guidance I've constantly enjoyed viewing your blog.
benet bene

As soon as the guess is

As soon as the guess is placed, the auto dealership ยิงปลา will music band an opportunity, conclusion the speculate and pick up the mug and bargain with approximately 60 of the 200 beads will probably be swept away and taken out of the glass

White Diamond&Black pearl hydrogel Face mask

Thank you for information provided in the website. Biomiracle products plays a major role and it is not only for the beauty purpose but it also works to keep us healthy. Our products will protect your skin from pimples, wrinkles, darkcircles and tightens your skin without any irritation. White Diamond&Black pearl hydrogel Face mask

Our approach

Our approach brings together best-in-class virtualized compute, storage, and networking infrastructure.
IT solutions company in uae
email security partner in uae
mobility partner in uae
vmware Partner in uae
TrendMicro Partner in uae

multiple learning

Provides multiple learning environment of International standard with holistic system of education at an affordable cost for the successful life of young generation.
paramedical College india
best agriculture college in north india

the world of gaming

Welcome to the world of gaming, where life is fast paced and interesting. There is always an adventure waiting for you online.
csgo accounts

We offer calculated

We offer calculated visibility for the design and development of technology platforms through ourintensive research-based approach, consistency in performance, and adept decision-making caliber.
website development company in malaysia
digital marketing services in singapore
search engine optimization services in malaysia
online digital marketing in malaysia

its quality

Today, SRSG has emerged as one of the leading full-service player offering an array of products and services for system integration, broadcast consultancy, IT infrastructure services, maintenance services and digital archiving services for the broadcast industry.
apple reseller in Kolkata
apple authorized service center in delhi
system integration service providers
ipad service center in bhubaneswar
iMac reseller in mumbai

Moonlight Films and Theatre

Moonlight Films and Theatre Studio operates under the Moonlight Films and Theatre Society , a non-profit association whose goals are to spread knowledge of and interest in theatrical and media arts through education.

Acting school in delhi

Our academic pursuits, along

Our academic pursuits, along with a range of extracurricular activities, help in honing a child's skills and ensuring that he/she grows to be a mature and responsible citizen.
best school in greater noida

Ab Dwane

I am glad to read about your blog where you have described outstanding information. aybabag

one of the best

CGC Jhanjeri is one of the best colleges in the North India and we are providing the best quality of education in various courses.

engineering college in chandigarh
best engineering college in punjab
best agriculture college in chandigarh
civil engineering college in punjab
MBA college in punjab

The real estate market is

The real estate market is changing rapidly, so those who are looking for a house should act quickly, in order to benefit from the one income mortgage rulings. Some properties have an elevation certificate tampa, which proves that improvements were made to protect the house in case of floods. That's an important document that will ensure a safe and clean sale.

All you have to do is enter

All you have to do is enter the requirements for that type of resort and solutions you need. Price compares site strolls you thru the process, therefore it is easy. Compares hotel pricing only demonstrated hotels in the price range and compares resort prices. I had been able to find the perfect place hotel search engines… hotel rate search engine

Yes Theresa Hull – Clarke

Yes Theresa Hull – Clarke is the best sales representative at Ontario, Canada. Really this article is all about her who is so dedicated with her work and always gives best price to buyers. So I really like this article and hope that others will like it too. But I must say that this is the best article I’ve read and it attracted me totally and you can check out essay writing for canadian students for improving writing level, so I say keep sharing these kinds of amazing articles.

Have Questions?

I agree to receive marketing and customer service calls and text messages from RE/MAX Jazz Inc., Brokerage *. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.