
Local News
Can you afford to buy a home in Montreal? This is how much you need to make
CTV Montreal02.25.2025

Photo: CTV Montreal
Résumé
The article discusses the financial requirements for purchasing a home in Montreal, highlighting that prospective buyers need a substantial income to afford average home prices. It outlines the necessary salary to comfortably cover mortgage payments, property taxes, and other costs. The report emphasizes the impact of rising interest rates on affordability, suggesting that many buyers might need to adjust their expectations or seek smaller properties. Additionally, it points out the challenges faced by first-time buyers in the current market.
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