1st-time homebuyers at risk of heavy mortgage debt

Below is an article of  regarding a recent C.D. Howe study warning  that 1st-time homebuyers form a larger segment of home owners have mortgages 5 times their earnings leaving them more vunerable if they haven't saved a reserve fund to help them through either future higher interest rates or job loss. 

My experience working with many 1st- time home buyers is they often qualify for alot more that they are willing to spend for their 1st home. They want some disposable income available for other  lifestyle  choices but in today's hot market they are feeling the pressure to spend more to get into the market. Comments and your thoughts appreciated below

1st-time homebuyers at risk because of heavy mortgage debt, says C.D. Howe study

Young and lower-income households face trouble if mortgages rise or they lose a job

CBC News Posted: Dec 09, 2015 12:52 PM ET Last Updated: Dec 09, 2015 3:28 PM ETv