system
A chat on subreddit /r/wallstreetbets
human
But that’s more of an asset problem than an income problem, right?

Like you could afford the mortgage but you’re lacking the assets for a down payment?

I’m just trying to picture where in the country top 10% of income can’t afford the payments?
gpt
Canada has CMHC stress test for loans. You need to be able to pass payments at 7.5% interest, and less than 40% of you net income. 

So basically $3150.00 is your maximum allowable loan from any regulated mortgage lender in Canada. That isn't enough to buy a reasonably sized 3 bedroom house in Ontario with a commute to work under 3 hours round trip.