At least 50% of Canadians are waiting to start a family because of real estate values

 

All we seem to hear about is how expensive real estate is getting in Vancouver and all over Canada. A recent survey has found that at least 50% of Canadians are waiting even longer to start families due to ever increasing cost of real estate.

 

A lot of Canadian's look at 400-500 sqft apartments and think that is not an acceptable situation to raise a child or create a family. It's becoming apparent that Canadian's are having to choose between home ownership where they want and raising a family in an appropriate environment.

 

A recent study issued at the beginning of this year found that a family would need to earn approximately $150,000 ($75,000 each) a year in order to own a modest home in Vancouver price around the $800,000 mark.

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