Hunting for an apartment on a single income? Here's where you should (and shouldn't) be looking. zoocasa | realestate realestatenews apartments
, searching for a home on a single income can be daunting. However, the formidable task is made endlessly easier if you set your sights on the more affordable apartment market, and you know where to look.from Zoocasa seeks to determine which Canadian markets are the most, and least, affordable for single-income apartment buyers.
With a benchmark apartment price of $183,100 and a median after-tax income of $42,800, Edmonton was deemed the most affordable city for single-income buyers. It would take just 2.6 months to save the $9,155 required for a minimum down payment in Alberta’s capital city. In contrast, single-income buyers in Vancouver and Toronto need to save for more than a year to afford the down payment on a benchmark apartment.
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