Affordability of housing in Canada 2023, by market

Affordability of housing in Canada in 3rd quarter 2023, by market

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Release date

December 2023

Region

Canada

Survey time period

Q3 2023

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 the 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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