70% of one's income to buy a house

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This item was added by karj on July 30, 2008

Description: The affordability of housing has become so out-of-reach that am article in the Vancouver Sun last year noted that "takes 70 per cent of pre-tax income to service basic ownership costs (including mortgage payments, utilities and property taxes) for a two-storey home in the region". Yeesh. ( Edited by karj)

Link: http://www.canada.com/vancouversun/news/story.html?id=b61...

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