I think the biggest mystery to me, especially as someone who no longer lives in Canada, is how the hell can an average person afford the payments. I see posts on Reddit with comments about 5 figure mortgage payments - even with our high wage we struggle to carry a mortgage - much less on what the average CDN earns. Maybe I've been gone, I just don't understand math.
I am a homeowner on a single lot with a view which would have been protected under the old municipal zoning. These developments make me really nervous as losing our view would greatly impact the value of our lot.
I think the biggest mystery to me, especially as someone who no longer lives in Canada, is how the hell can an average person afford the payments. I see posts on Reddit with comments about 5 figure mortgage payments - even with our high wage we struggle to carry a mortgage - much less on what the average CDN earns. Maybe I've been gone, I just don't understand math.
I am a homeowner on a single lot with a view which would have been protected under the old municipal zoning. These developments make me really nervous as losing our view would greatly impact the value of our lot.