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Stock impact report

Christopher Liew: How much income do you actually need to afford a home in Canada? [BNN Bloomberg (Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: BNN Bloomberg
An increasing number of people in their 20s and 30s are beginning to feel that homeownership is out of reach. Home prices remain high, mortgage rates are still elevated compared to a few years ago, and other daily living costs continue to squeeze household budgets. Between all of these pressures, prospective home buyers are wondering how much income they need to realistically afford to buy their home. Aside from the affordability of the listing price itself, there are also a number of other factors to consider, including the shopper's debt-to-income ratio, credit profile, and future life plans. Below, I'll help explain how much you should be earning to afford a home and outline some other key considerations that you should keep in mind to help determine how much home you can afford. How much does the average home cost? There's no single number that applies to everyone. However, the Canada Mortgage and Housing Corporation (CMHC) recommends that housing costs should generally s Show less Read more
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