I spoke to a police officer today in the lower mainland who had a 300k down-payment for his house in Chilliwack, BC and his monthly mortgage payment is still $4500....thats 3 times my mortgage payment and we make roughly the same salary.... I literally don't know how folks out in Vancouver and Toronto do it? Unless someone has rich parents or living in tiny places... is everyone else just house poor?
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40 Comments
Jake C
@jakethesnake14 · 1d
Usually people in Vancouver and Toronto just have a much higher cost of living because housing takes so much of the monthly spend. I live in Vancouver and it isn’t cheap! That cop will need to make some extra overtime to afford $4500 after taxes a month for mortgage!
Michelle Conroy
@mconroy · 1d
950 sq ft townhome in Vancouver, $4000 a month mortgage 🫣 it’s a sad reality
Peanut @magawarrior · 1d
It's the same policies and managed decline that is leading the riots in France 🇫🇷 and the rest of Europe. Both provinces have flooded the cities with third world immigrants and raised taxes to pay the additional social benefits. Toronto alone has seen a 20% rise in property taxes in the last 3 years. Vancouver just voted in a green mayor so expect more of the same and worse
R
@brownsugar · 1d
Ontarian here, can't even afford rent without needing a roommate or second income these days. Moved in with family following a lay off. Don't think I can afford a home for a very long time!!
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