Am I able to pay for a million buck home?

Am I able to pay for a million buck home?

$1 million was once enough cash to establish you for life, but those times are long past. In a few elements of Canada, you’re lucky if $1 million will purchase your fantasy house, let fund your retirement alone. This couldn’t be truer in cities like Toronto, where the property that is average hovered around $800,000 in 2019.

So, you one of the lucky Canadians who can afford this price tag if it costs $1 million to buy a home in cities like Toronto in Vancouver, are? Let’s take a good look at the facets that may figure out if you are able to afford the mortgage that is average a 1 million buck house.

What is a million bucks today?

Recall the song “If I experienced $1,000,000” because of the Barenaked women? Continue reading “Am I able to pay for a million buck home?”