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Affordability of single-family detached homes Canada 2020, by market

This statistic shows the affordability of single-family detached homes in Canada in the second quarter of 2020, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 99.6 percent of average household income in the second quarter of 2020.

Affordability of single-family detached homes in Canada Q2 2020, by market

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Source

Release date

September 2020

Region

Canada

Survey time period

2nd quarter 2020

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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