32 years needed to afford down payment in Vancouver: National Bank

This is how long it takes in years to save for a down payment in each of these major cities in Canada. And yes, it's a long time!

According to an Urbanation report, preconstruction condo sales in the City of Toronto climbed to 2,886 in the first quarter of the year from 2,829 in Q1-2020.

"[...] Demand has been so high because people have the expectation that there’s no need to return to Toronto when the pandemic is over."