Young adults in Vancouver need to save for 23 years for a down payment: study | Metro News

http://www.metronews.ca/news/vancouver/2016/05/25/ubc-prof-says-housing-should-come-first-in-vancouver.html?platform=hootsuite

It used to take five years to save a 20 per cent down payment for a home across the country [in 1976]. Now it takes 12. In Vancouver it’s 23,” Kershaw told Metro. “A typical British Columbian earns $9,000 less for full time work today than someone in 1976 to 1980.

Thanks. God bless.

Aaron

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s