this post was submitted on 17 Jul 2025
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Anywhere else, homes DO cost more. WAY more.
My parents bought their house, brand new, on paper, in a suburban part of Montreal for 60k which was about the same amount as their yearly gross pay combined working as financial advisors in a local financial institution.
The same house today actually costs between 450-500k. The pay for that same position? 40k/person for the same amount of experience they had back then. That would make it about 80k/year. So the same house costs nearly 6 times the combined wages for that same position. SIX TIMES! And it's not even is a nice place. It's far from everything, has little public transportation options, and is surrounded by oil refineries.
I don't know what small town you bought your house in, but it doesn't reflect the reality that the vast majority of Canadians face.