Here's how much you need to earn to buy a home in Ottawa this spring

A new home is displayed for sale in a housing development in Ottawa on Tuesday, July 14, 2020. Ottawa residents need to earn $132,000 a year to buy a home this spring, as the average cost of a home increases in the capital.

The income required to purchase a new home increased in 11 of the 13 Canadian markets surveyed in May. Ottawa had the third-highest increase in annual income required to buy a home. The average income to buy a new home in Toronto decreased $1,250 to $215,920, as the average price of a new home dropped by $5,900.

This eastern Ontario conservation area is home to the largest colony of lady's slipper orchids - and they're in bloomHow did as many as 30 North Korean soldiers wander over the line separating North from South, causing South Korea to fire warning shots before the North Koreans withdrew? The short answer appears to be shrubbery.

A former child actor and his business partners with major real estate holdings in northern Ontario have been facing insolvency after failing to keep up with debts meant for buying and renovating hundreds of properties.The WestJet Group has cancelled about 40 flights in anticipation of a possible strike by its aircraft maintenance workers on Thursday.

The WestJet Group has cancelled about 40 flights in anticipation of a possible strike by its aircraft maintenance workers on Thursday.Repairs to fix five areas of concern on one of Calgary's main water line feeders are ongoing, but we don't yet know the cost to respond to and repair the pipe.

Source: Loan Digest (loandigest.net)

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