NEW: Income required to buy a home in Ottawa jumps $4,600 in one month ottnews
A new report by Ratehub.ca, an online mortgage brokerage service, found that affordability conditions worsened across 10 major cities in Canada in June.
According to Ratehub.ca, the average price of a new home was $652,700 in June, up from $645,400 in May. The income required in Vancouver increased $8,850 in June to $235,650, while the income required in Toronto jumped $7,200 to $229,800.
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