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Affordability of housing Canada 2017, by market

Affordability of housing in Canada 2017, by market

Affordability of housing Canada 2017, by market This statistic shows the affordability of housing in Canada 2017, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 85.2 percent of average household income in 2017.
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Affordability of housing in Canada 2017, by market

Home affordability rate*
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Home affordability rate*
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Description

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This statistic shows the affordability of housing in Canada 2017, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 85.2 percent of average household income in 2017.
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Release date
April 2018
Region
Canada
Survey time period
2017
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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