this post was submitted on 09 May 2025
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A quick way of estimating annual wage for a full-time position is to take hourly, double it, then move the decimal point to the right by three spots.
So for example, the BC minimum wage is $17.40. Double that is $34.80. Annually in a full-time job, that’s about $34,800 before taxes.
And 4× that is $139,200. Current median SFH prices for used homes sit at just under $1M in my podunk tourist town. All detached SFH, $1,200,000. New construction, $1,500,000.
I mean, really - who under 50 can actually afford those prices without intergenerational wealth to give them a leg up in life?
Suburban SFHs should be outrageously expensive. They are an unsustainable model with huge externalities. They were artificially cheaper for previous generations due to the tax shell game they run on us all. They are a part of the reason the current generation is under water.
And it pisses me off that "externality" is STILL not in my spelling dict in 2025.
Also median detached sfh in the 70s was probably closer to 1200 sq ft. No builder is going to do anything less than a McMansion these days
My own home was 2,000ft² when built. In 1972. That was the Canadian average at the time, as most homes built by developers were made with the same 15 (or so) floor plans with slight variations.
You’re thinking of the 50s. Those homes were indeed around 1,200ft², and there is even a pair in my neighbourhood the next block over