[Gerbs]

Originally Posted by supafamous

https://www150.statcan.gc.ca/t1/tbl1...pid=1110024001

According to stats can only ~11% of Canadians make more than $100k/yr.

I wouldn't call that rich but it's upper middle class for an individual (for a household it's middle class).

I'm curious what the stats are for someone that's has > 4 years of schooling. I feel like the older immigrants, non-educated, P/T workers and regular jobs heavily skew this down.

I remember falling into this rabbit hole and in the US, the median salary for a person with a 4 year degree was $60K USD/ $75K CAD?

Originally Posted by underscore

Your max mortgage is typically 5x your income right? If only 11% of Canadians can get approved for things beyond $500k + down payment who tf can buy anything?

The top 11%, aka 4 million Canadians, aka 99% of the people in this thread