[supafamous]

The stress test has made it harder to borrow as much as before - $300k+ only gets you a 1.6m mortgage which works out to ~$5500/mo for those folks. As long as they're not making payments on a couple $100k cars or have 3 kids in daycare that's pretty affordable for that kind of earner. Add in their option to rent out a suite or two and they're living very comfortably.

That said, that's not a lot of people and even they need to come up with at least a 20% downpayment and if you want a newer detached home you're talking about a 1-1.5m downpayment which is NUTS.