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Household Income & Mortgage Qualification in Canada


Mortgage qualification can be a very tricky and disheartening process to put yourself through. It alone is enough to turn some potential home buyers away from pursuing their dream of home ownership. But what do you qualify for with your household income in the Fraser Valley?

In this month’s Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty, takes a look at 5 different household incomes and what they could help you afford in today's housing market. Including maximum loan amount, down payment required, transfer taxes and total purchase price.

If you would like more personalised information on this topic, please reach out. We would love to help.

Benchmark Prices: (Surrey Combined)
Detached = $1,450,900 (+29.7%)
Townhomes =$715,500 (+22%)
Condos = $451,200 (+12%)

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If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.

book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca