$1 million had previously been sufficient cash to establish you for a lifetime, but days past are long past. In certain elements of Canada, you’re lucky if $1 million will purchase your dream house, let fund your retirement alone. This couldn’t be truer in metropolitan areas like Toronto, in which the property that is average hovered around $800,000 in 2019.
Therefore, if it costs $1 million to get a house in towns and cities like Toronto in Vancouver, are you currently among the happy Canadians who are able to pay for this price tag? Let’s take a good look at the facets which will figure out if you really can afford the typical home loan on a 1 million buck house.
Today what is a million dollars?
Keep in mind the track “If I Had $1,000,000” by the Barenaked women? Whenever band circulated the track in 1992, $1 million had some purchasing power that is serious.