How many people here are paying ~50% of their income on housing?
Wondering if I should buy a place that would cause me to pay 50% of my salary to housing… it’s a beautiful place and I’m still semi-young so I expect my salary to increase.
Is paying more than the 1/3 rule usually expected when purchasing a property? Would love some advice, whether people think I should be conservative or if this is the norm in Toronto.