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.