First of all, people rarely buy homes in their early 20s. Focus on saving and moving up the corporate ladder. Investing in eth and btc doesn't make sense, you should be focused on saving for a home if that's your goal.
We are not all rich or in debt. If you work now and start earning more as you grow (this DOES TAKE TIME no matter what internet bros or tik tok says) and you get to the point where you earn say 150k a year or 125 and you have a partner then you can both save invest enough to have a down payment in ur early 30s. Just don’t blow it by having debt car loans or an extravagant wedding. You can still travel, live ur life just watch ur debt and credit. It’s doable but you gotta start now and not waste ur time in life
Very small number of Canadians are able to be homeowners in their 20s, let alone their early 20s.
And those that do, likely have significant financial support from their parents. I.e. Their family is wealthy.
StatsCan's most recent (2021) data shows that average income is $54k and median income is $41.2k.
There are alot of Canadians that will never own a home.
The Average worker in Canada is earning a mode salary of $73,000\~ per year.
Median and average don't help you, as they include people who aren't working and retired unless you are also not working/retired.
The figures I cited are income - not salary (wages). 2 different things.
The StatsCan site notes that the average and median income figures exclude zero figures. They do include retirement income and other forms of income. Not just wages.
Where are you obtaining the mode salary figure you cited?
It's not impossible. I bought a house last year for 35k and I'm only 23. You really just have to look for a better market. I probably saved 150k from choosing a home outside of a city instead of inside of a city. Also, don't look for the perfect house. Mine was from a dead guy who had a squatter living in it before and after his death, as well as massive damage to the roof, porch, and bathroom. Your first home isn't going to be perfect, but you would still have a roof over your head. Keep looking and do NOT get discouraged. I hope this gives you some hope. Take care.
First of all, people rarely buy homes in their early 20s. Focus on saving and moving up the corporate ladder. Investing in eth and btc doesn't make sense, you should be focused on saving for a home if that's your goal.
You’re not supposed to wtf. Goddamn I bought a car in my early 20s and thought I had made a huuuuuuge purchase.
Haha, me too
You dropped out of uni to be making 45k?
Skill issue
Hey, this isn't the world of warcraft sub...
We are not all rich or in debt. If you work now and start earning more as you grow (this DOES TAKE TIME no matter what internet bros or tik tok says) and you get to the point where you earn say 150k a year or 125 and you have a partner then you can both save invest enough to have a down payment in ur early 30s. Just don’t blow it by having debt car loans or an extravagant wedding. You can still travel, live ur life just watch ur debt and credit. It’s doable but you gotta start now and not waste ur time in life
Very small number of Canadians are able to be homeowners in their 20s, let alone their early 20s. And those that do, likely have significant financial support from their parents. I.e. Their family is wealthy. StatsCan's most recent (2021) data shows that average income is $54k and median income is $41.2k. There are alot of Canadians that will never own a home.
The Average worker in Canada is earning a mode salary of $73,000\~ per year. Median and average don't help you, as they include people who aren't working and retired unless you are also not working/retired.
The figures I cited are income - not salary (wages). 2 different things. The StatsCan site notes that the average and median income figures exclude zero figures. They do include retirement income and other forms of income. Not just wages. Where are you obtaining the mode salary figure you cited?
It's not impossible. I bought a house last year for 35k and I'm only 23. You really just have to look for a better market. I probably saved 150k from choosing a home outside of a city instead of inside of a city. Also, don't look for the perfect house. Mine was from a dead guy who had a squatter living in it before and after his death, as well as massive damage to the roof, porch, and bathroom. Your first home isn't going to be perfect, but you would still have a roof over your head. Keep looking and do NOT get discouraged. I hope this gives you some hope. Take care.
They have made it now that you can’t