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How Much House Can You REALLY Afford?

If you ask your bank or mortgage broker this question, they will do a calculation for you based on your income and (potential) housing costs.
The problem with this is it doesn’t take into account all of the expenses that come along with buying a home (things like maintenance), or other expenses like child care or saving for retirement or your children’s education.
To give you a much more accurate picture of how much house you can afford, Rob Carrick from the Globe and Mail created the “Real Life Ratio”.  This tool can be used whether you are thinking about buying, or are already a home owner, and will “show you where you really stand”.
Try the calculator today!

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