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You also need to consider the history of your credit. They will request to review at least 2-3 years of your previous credit history, T4s... You will need at least 2-3 years history of making 80K+ to be eligible for a 500K+ condo.
Not to mention your monthly fees for the condo, strata fees and utilities cannot equate to more then 45% of your monthly income after tax.
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