I'm looking at a tier 2 city like Hamilton, where the average home cost is somewhere in the ballpark of 800K.

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Compare that to the average household income in Hamilton of ~80K it seems like nobody should even be able to buy a house if we use the 2-2.5x gross income to mortgage ratio rule.

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How does anyone do it? It legimately seems to me that basically nobody in Hamilton should be able to buy a house but I see people doing it.