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Income required to buy a house in Calgary jumps again

Jan 1, 2024  
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Calgary was the only major Canadian city to see an increase in the income needed to buy a home between October and November 2023. The average income required in Calgary was $124,100, which is lower than other cities like Vancouver and Toronto. However, overall affordability improved in November due to decreasing home values and steady mortgage rates. The study takes into account factors such as mortgage rates, stress test rates, and real estate prices.

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