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
*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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Royal Bank of Canada. (March 28, 2019). Affordability of housing in Canada Q4 2018, by market [Graph]. In Statista. Retrieved February 23, 2020, from https://www.statista.com/statistics/720693/affordability-of-housing-by-market-canada/
Royal Bank of Canada. "Affordability of housing in Canada Q4 2018, by market." Chart. March 28, 2019. Statista. Accessed February 23, 2020. https://www.statista.com/statistics/720693/affordability-of-housing-by-market-canada/
Royal Bank of Canada. (2019). Affordability of housing in Canada Q4 2018, by market. Statista. Statista Inc.. Accessed: February 23, 2020. https://www.statista.com/statistics/720693/affordability-of-housing-by-market-canada/
Royal Bank of Canada. "Affordability of Housing in Canada Q4 2018, by Market." Statista, Statista Inc., 28 Mar 2019, https://www.statista.com/statistics/720693/affordability-of-housing-by-market-canada/
Royal Bank of Canada, Affordability of housing in Canada Q4 2018, by market Statista, https://www.statista.com/statistics/720693/affordability-of-housing-by-market-canada/ (last visited February 23, 2020)
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