Minimum down payment to buy a home in BC is soul-destroying

Purchasing a home in BC is increasingly difficult due to high prices, with a report indicating a minimum down payment of $70,948 based on an average sale price of $959,480. A 20% down payment is $191,896. Ontario follows, but with lower down payment requirements. The average salary in BC is $53,042, making homeownership challenging for average earners. In Metro Vancouver, benchmark prices are $2,049,000 for detached homes, $1,124,700 for attached houses, and $768,200 for apartments, suggesting easier savings for smaller properties.