Canada

16 readers

1 users here now

The country of Canada

founded 2 years ago

As housing costs soar, some financial analysts advise to scrap the 30% rule | CBC News (www.cbc.ca)

submitted 2 years ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

Thirty per cent is the often-touted maximum percentage of your income that you should spend on a home. But in an age where the average one-bedroom apartment in Vancouver rents for $2,787 a month, is that number still realistic?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 10 points 2 years ago* (last edited 2 years ago)

"Hey, remember those general rules we set to help you make sure you were financially secure?! Well they're not obtainable now so just forget we said anything."

permalink
fedilink
source