Jump in home prices requires even larger leap in qualifying income

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The income required to qualify for a mortgage for an average\u002Dpriced home in Alberta has risen to nearly $114,000 from $65,000 in 15 years.

Photo by Jim WellsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.The amount of income required to qualify for a mortgage has increased at a faster rate than home prices in Canada over the last 15 years, a new study shows.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.

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