‘Saving For A Down Payment Has Never Been Worse,’ Says National Bank Of Canada

The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on record, a new report says.

With house prices rising at their fastest pace in 11 years, it would take a median-earning household 60 months to save up a minimum down payment on a house today, according to National Bank of Canada’s latest housing affordability monitor.


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