Affordability of housing Canada 2018, by market

This statistic shows the affordability of housing in Canada in the fourth quarter of 2018, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 84.7 percent of average household income in 2018.

Affordability of housing in Canada Q4 2018, by market

Home affordability rate*
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Source

Release date

March 2019

Region

Canada

Survey time period

Q4 2018

Supplementary notes

*The affordability measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate, and are estimated on a quarterly basis for 14 major urban markets in Canada and a national composite. The measures use household income rather than family income to account for the growing number of unattached individuals in the housing market.

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Statistics on "Residential housing in Canada"

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