$1 million had previously been money that is enough establish you for a lifetime, but those times are long past. In certain components of Canada, you’re lucky if $1 million will purchase your dream home, let fund your retirement alone. This couldn’t be truer in metropolitan areas like Toronto, where in fact the property that is average hovered around $800,000 in 2019.
Therefore, 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 have a look at the factors which will see whether you really can afford the average mortgage on a 1 million dollar house.