Here's what we're up against ...

This is so wrong ...

 

"It has never been so unaffordable to buy a home in Canada – at least that was the result of a December 2022 report on housing trends and affordability by the Royal Bank of Canada. To qualify for a home at benchmark values, buyers in Greater Victoria would need to make at least $216,000 annually.

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The RBC report found buyers would need to allocate a record-high share of their income to cover the costs of owning a home — nearly 72 per cent (based on median pre-tax household incomes to cover mortgage payments, property taxes and utilities based on benchmark prices for single-family detached homes)."